Highest so far that month
No earlier session that month closed above this level.
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This page is a historical record of the gold price in 16 October 2018, not the current price.See today's gold price (11 September 2026)
Highest closing price since 25 July 2018
Gold closed at $1,227.30 per troy ounce on 16 October 2018, up $0.900 (0.07%) from the previous close of $1,226.40.
Gold barely moved, closing within 0.07% of the previous session. Flat days are the majority of any price series and are most useful as the baseline the notable days are measured against.
No earlier session that month closed above this level.
This close sat 35.02% 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 $1,299.90, making this a -5.59% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,227.30 per troy ounce on 16 October 2018. That is $0.90 higher than the previous close of $1,226.40, a move of 0.07%.
The gold price rose on 16 October 2018, gaining $0.90 (0.07%) against the previous session's close of $1,226.40.
At $1,227.30 per troy ounce, one gram of pure gold was worth about $39.46 on 16 October 2018. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 October 2018 18k gold was worth about $29.59 per gram and 14k about $23.02 per gram, against $39.46 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 83.9 on 16 October 2018, meaning one ounce of gold was worth roughly 83.9 ounces of silver.
A week before 16 October 2018, gold was around $1,187.20 per troy ounce, so the close of $1,227.30 is a gain of 3.4% over the week.
It closed 35.02% below the highest close on record up to that date, which was set on 2011-08-22.