Distance from the record
This close sat 30.14% 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 28 September 2016, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,319.40 per troy ounce on 28 September 2016, down $6.500 (0.49%) from the previous close of $1,325.90.
This close sat 30.14% 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 $1,132.00, making this a +16.55% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,319.40 per troy ounce on 28 September 2016. That is $6.50 lower than the previous close of $1,325.90, a move of -0.49%.
The gold price fell on 28 September 2016, losing $6.50 (0.49%) against the previous session's close of $1,325.90.
At $1,319.40 per troy ounce, one gram of pure gold was worth about $42.42 on 28 September 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 28 September 2016 18k gold was worth about $31.81 per gram and 14k about $24.74 per gram, against $42.42 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 69.3 on 28 September 2016, meaning one ounce of gold was worth roughly 69.3 ounces of silver.
A year before 28 September 2016, gold was around $1,132.00 per troy ounce. The close of $1,319.40 therefore represents a rise of 16.6% over twelve months.
It closed 30.14% below the highest close on record up to that date, which was set on 2011-08-22.