Highest so far that year
At the time, no session earlier in the year had closed higher.
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This page is a historical record of the gold price in 16 May 2001, not the current price.See today's gold price (11 September 2026)
Highest closing price since 29 December 2000
Gold closed at $272.00 per troy ounce on 16 May 2001, up $3.900 (1.45%) from the previous close of $268.10.
Gold moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
At the time, no session earlier in the year had closed higher.
This close sat 2.30% below the highest gold close recorded up to that date, set on 2000-09-27.
Metal value only, before dealer margins and fabrication.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $272.00 per troy ounce on 16 May 2001. That is $3.90 higher than the previous close of $268.10, a move of 1.45%.
The gold price rose on 16 May 2001, gaining $3.90 (1.45%) against the previous session's close of $268.10.
At $272.00 per troy ounce, one gram of pure gold was worth about $8.75 on 16 May 2001. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 May 2001 18k gold was worth about $6.56 per gram and 14k about $5.10 per gram, against $8.75 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 61.3 on 16 May 2001, meaning one ounce of gold was worth roughly 61.3 ounces of silver.
It closed 2.30% below the highest close on record up to that date, which was set on 2000-09-27.
The most recent higher close was about 5 months earlier — 97 trading sessions before this one.