Distance from the record
This close sat 33.62% 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 18 March 2016, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,253.80 per troy ounce on 18 March 2016, down $10.70 (0.85%) from the previous close of $1,264.50.
This close sat 33.62% 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 $1,151.40, making this a +8.89% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,253.80 per troy ounce on 18 March 2016. That is $10.70 lower than the previous close of $1,264.50, a move of -0.85%.
The gold price fell on 18 March 2016, losing $10.70 (0.85%) against the previous session's close of $1,264.50.
At $1,253.80 per troy ounce, one gram of pure gold was worth about $40.31 on 18 March 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 18 March 2016 18k gold was worth about $30.23 per gram and 14k about $23.51 per gram, against $40.31 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 79.3 on 18 March 2016, meaning one ounce of gold was worth roughly 79.3 ounces of silver.
It closed 33.62% below the highest close on record up to that date, which was set on 2011-08-22.