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 October 2000, not the current price.See today's gold price (11 September 2026)
Gold closed at $271.50 per troy ounce on 16 October 2000, down $0.900 (0.33%) from the previous close of $272.40.
This was the strongest close of the week up to that point.
This close sat 2.48% 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 $271.50 per troy ounce on 16 October 2000. That is $0.90 lower than the previous close of $272.40, a move of -0.33%.
The gold price fell on 16 October 2000, losing $0.90 (0.33%) against the previous session's close of $272.40.
At $271.50 per troy ounce, one gram of pure gold was worth about $8.73 on 16 October 2000. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 October 2000 18k gold was worth about $6.55 per gram and 14k about $5.09 per gram, against $8.73 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 55.6 on 16 October 2000, meaning one ounce of gold was worth roughly 55.6 ounces of silver.
It closed 2.48% below the highest close on record up to that date, which was set on 2000-09-27.