Highest so far that week
This was the strongest close of the week up to that point.
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This page is a historical record of the gold price in 16 May 2017, not the current price.See today's gold price (11 September 2026)
Highest closing price since 3 May 2017
Gold closed at $1,235.00 per troy ounce on 16 May 2017, up $6.400 (0.52%) from the previous close of $1,228.60.
This close extended a run of 5 consecutive sessions of gains. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This was the strongest close of the week up to that point.
This close sat 34.61% below the highest gold close recorded up to that date, set on 2011-08-22.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,273.40, making this a -3.02% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,235.00 per troy ounce on 16 May 2017. That is $6.40 higher than the previous close of $1,228.60, a move of 0.52%.
The gold price rose on 16 May 2017, gaining $6.40 (0.52%) against the previous session's close of $1,228.60.
At $1,235.00 per troy ounce, one gram of pure gold was worth about $39.71 on 16 May 2017. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 May 2017 18k gold was worth about $29.78 per gram and 14k about $23.16 per gram, against $39.71 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 74.0 on 16 May 2017, meaning one ounce of gold was worth roughly 74.0 ounces of silver.
This close was session 5 of a consecutive run of gains. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 34.61% below the highest close on record up to that date, which was set on 2011-08-22.