Distance from the record
This close sat 21.22% below the highest gold close recorded up to that date, set on 2011-08-22.
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This page is a historical record of the gold price in 16 October 2019, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,488.00 per troy ounce on 16 October 2019, up $10.40 (0.70%) from the previous close of $1,477.60.
This close sat 21.22% 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 $1,227.30, making this a +21.24% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,488.00 per troy ounce on 16 October 2019. That is $10.40 higher than the previous close of $1,477.60, a move of 0.70%.
The gold price rose on 16 October 2019, gaining $10.40 (0.70%) against the previous session's close of $1,477.60.
At $1,488.00 per troy ounce, one gram of pure gold was worth about $47.84 on 16 October 2019. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 October 2019 18k gold was worth about $35.88 per gram and 14k about $27.91 per gram, against $47.84 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 85.8 on 16 October 2019, meaning one ounce of gold was worth roughly 85.8 ounces of silver.
A year before 16 October 2019, gold was around $1,227.30 per troy ounce. The close of $1,488.00 therefore represents a rise of 21.2% over twelve months.
It closed 21.22% below the highest close on record up to that date, which was set on 2011-08-22.