Distance from the record
This close sat 40.91% 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 27 January 2016, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,116.10 per troy ounce on 27 January 2016, down $5.600 (0.50%) from the previous close of $1,121.70.
This close sat 40.91% 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 $1,291.70, making this a -13.59% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,116.10 per troy ounce on 27 January 2016. That is $5.60 lower than the previous close of $1,121.70, a move of -0.50%.
The gold price fell on 27 January 2016, losing $5.60 (0.50%) against the previous session's close of $1,121.70.
At $1,116.10 per troy ounce, one gram of pure gold was worth about $35.88 on 27 January 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 27 January 2016 18k gold was worth about $26.91 per gram and 14k about $20.93 per gram, against $35.88 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 77.3 on 27 January 2016, meaning one ounce of gold was worth roughly 77.3 ounces of silver.
A year before 27 January 2016, gold was around $1,291.70 per troy ounce. The close of $1,116.10 therefore represents a fall of 13.6% over twelve months.
It closed 40.91% below the highest close on record up to that date, which was set on 2011-08-22.