Distance from the record
This close sat 30.17% 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 20 July 2016, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 30 June 2016
Gold closed at $1,318.80 per troy ounce on 20 July 2016, down $12.70 (0.95%) from the previous close of $1,331.50.
Notable session: lowest close of the month.
This close sat 30.17% 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 $1,106.70, making this a +19.17% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,318.80 per troy ounce on 20 July 2016. That is $12.70 lower than the previous close of $1,331.50, a move of -0.95%.
The gold price fell on 20 July 2016, losing $12.70 (0.95%) against the previous session's close of $1,331.50.
At $1,318.80 per troy ounce, one gram of pure gold was worth about $42.40 on 20 July 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 20 July 2016 18k gold was worth about $31.80 per gram and 14k about $24.73 per gram, against $42.40 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 67.3 on 20 July 2016, meaning one ounce of gold was worth roughly 67.3 ounces of silver.
A year before 20 July 2016, gold was around $1,106.70 per troy ounce. The close of $1,318.80 therefore represents a rise of 19.2% over twelve months.
It closed 30.17% below the highest close on record up to that date, which was set on 2011-08-22.