Highest so far that year
At the time, no session earlier in the year had closed higher.
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This page is a historical record of the gold price in 2 May 2016, not the current price.See today's gold price (11 September 2026)
Highest closing price since 22 January 2015
Gold closed at $1,294.70 per troy ounce on 2 May 2016, up $5.500 (0.43%) from the previous close of $1,289.20.
Notable session: highest close of the month.
Gold had not closed this high for about a year. Reclaiming a level after that long usually says more about the trend than the size of the day's move does.
At the time, no session earlier in the year had closed higher.
This close sat 31.45% 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 $1,189.40, making this a +8.85% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,294.70 per troy ounce on 2 May 2016. That is $5.50 higher than the previous close of $1,289.20, a move of 0.43%.
The gold price rose on 2 May 2016, gaining $5.50 (0.43%) against the previous session's close of $1,289.20.
At $1,294.70 per troy ounce, one gram of pure gold was worth about $41.63 on 2 May 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 2 May 2016 18k gold was worth about $31.22 per gram and 14k about $24.28 per gram, against $41.63 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 73.3 on 2 May 2016, meaning one ounce of gold was worth roughly 73.3 ounces of silver.
A week before 2 May 2016, gold was around $1,238.90 per troy ounce, so the close of $1,294.70 is a gain of 4.5% over the week.
This close was session 6 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 31.45% below the highest close on record up to that date, which was set on 2011-08-22.
The most recent higher close was about a year earlier — 320 trading sessions before this one.