Distance from the record
This close sat 35.59% 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 17 November 2016, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 2 June 2016
Gold closed at $1,216.50 per troy ounce on 17 November 2016, down $6.900 (0.56%) from the previous close of $1,223.40.
This close sat 35.59% 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 $1,068.70, making this a +13.83% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,216.50 per troy ounce on 17 November 2016. That is $6.90 lower than the previous close of $1,223.40, a move of -0.56%.
The gold price fell on 17 November 2016, losing $6.90 (0.56%) against the previous session's close of $1,223.40.
At $1,216.50 per troy ounce, one gram of pure gold was worth about $39.11 on 17 November 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 17 November 2016 18k gold was worth about $29.33 per gram and 14k about $22.81 per gram, against $39.11 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 72.6 on 17 November 2016, meaning one ounce of gold was worth roughly 72.6 ounces of silver.
A week before 17 November 2016, gold was around $1,265.50 per troy ounce, so the close of $1,216.50 is a loss of 3.9% over the week.
A year before 17 November 2016, gold was around $1,068.70 per troy ounce. The close of $1,216.50 therefore represents a rise of 13.8% over twelve months.
It closed 35.59% below the highest close on record up to that date, which was set on 2011-08-22.