Distance from the record
This close sat 33.59% 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 19 May 2016, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 27 April 2016
Gold closed at $1,254.20 per troy ounce on 19 May 2016, down $19.50 (1.53%) from the previous close of $1,273.70.
This close sat 33.59% 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 $1,206.90, making this a +3.92% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,254.20 per troy ounce on 19 May 2016. That is $19.50 lower than the previous close of $1,273.70, a move of -1.53%.
The gold price fell on 19 May 2016, losing $19.50 (1.53%) against the previous session's close of $1,273.70.
At $1,254.20 per troy ounce, one gram of pure gold was worth about $40.32 on 19 May 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 19 May 2016 18k gold was worth about $30.24 per gram and 14k about $23.52 per gram, against $40.32 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 76.1 on 19 May 2016, meaning one ounce of gold was worth roughly 76.1 ounces of silver.
It closed 33.59% below the highest close on record up to that date, which was set on 2011-08-22.