Highest so far that month
No earlier session that month closed above this level.
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This page is a historical record of the gold price in 2 March 2016, not the current price.See today's gold price (11 September 2026)
Highest closing price since 11 February 2016
Gold closed at $1,241.10 per troy ounce on 2 March 2016, up $6.900 (0.56%) from the previous close of $1,234.20.
This close extended a run of 3 consecutive sessions of gains. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
No earlier session that month closed above this level.
This close sat 34.29% 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 $1,207.70, making this a +2.77% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,241.10 per troy ounce on 2 March 2016. That is $6.90 higher than the previous close of $1,234.20, a move of 0.56%.
The gold price rose on 2 March 2016, gaining $6.90 (0.56%) against the previous session's close of $1,234.20.
At $1,241.10 per troy ounce, one gram of pure gold was worth about $39.90 on 2 March 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 2 March 2016 18k gold was worth about $29.93 per gram and 14k about $23.28 per gram, against $39.90 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 82.7 on 2 March 2016, meaning one ounce of gold was worth roughly 82.7 ounces of silver.
A month before 2 March 2016, gold was around $1,127.30 per troy ounce, so the close of $1,241.10 is a gain of 10.1% over the month.
This close was session 3 of a consecutive run of gains. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 34.29% below the highest close on record up to that date, which was set on 2011-08-22.