Distance from the record
This close sat 30.86% 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 September 2016, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 23 June 2016
Gold closed at $1,305.80 per troy ounce on 16 September 2016, down $7.700 (0.59%) from the previous close of $1,313.50.
Notable session: lowest close of the month.
This close sat 30.86% 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 $1,119.20, making this a +16.67% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,305.80 per troy ounce on 16 September 2016. That is $7.70 lower than the previous close of $1,313.50, a move of -0.59%.
The gold price fell on 16 September 2016, losing $7.70 (0.59%) against the previous session's close of $1,313.50.
At $1,305.80 per troy ounce, one gram of pure gold was worth about $41.98 on 16 September 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 September 2016 18k gold was worth about $31.49 per gram and 14k about $24.49 per gram, against $41.98 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 69.5 on 16 September 2016, meaning one ounce of gold was worth roughly 69.5 ounces of silver.
A year before 16 September 2016, gold was around $1,119.20 per troy ounce. The close of $1,305.80 therefore represents a rise of 16.7% over twelve months.
It closed 30.86% below the highest close on record up to that date, which was set on 2011-08-22.