Distance from the record
This close sat 40.89% 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 29 January 2016, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,116.40 per troy ounce on 29 January 2016, up $0.800 (0.07%) from the previous close of $1,115.60.
Gold barely moved, closing within 0.07% of the previous session. Flat days are the majority of any price series and are most useful as the baseline the notable days are measured against.
This close sat 40.89% 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 $1,254.60, making this a -11.02% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,116.40 per troy ounce on 29 January 2016. That is $0.80 higher than the previous close of $1,115.60, a move of 0.07%.
The gold price rose on 29 January 2016, gaining $0.80 (0.07%) against the previous session's close of $1,115.60.
At $1,116.40 per troy ounce, one gram of pure gold was worth about $35.89 on 29 January 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 29 January 2016 18k gold was worth about $26.92 per gram and 14k about $20.94 per gram, against $35.89 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 78.5 on 29 January 2016, meaning one ounce of gold was worth roughly 78.5 ounces of silver.
It closed 40.89% below the highest close on record up to that date, which was set on 2011-08-22.