Highest so far that week
This was the strongest close of the week up to that point.
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This page is a historical record of the gold price in 29 July 2016, not the current price.See today's gold price (11 September 2026)
Highest closing price since 11 July 2016
Gold closed at $1,349.00 per troy ounce on 29 July 2016, up $16.70 (1.25%) from the previous close of $1,332.30.
This close extended a run of 4 consecutive sessions of gains. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This was the strongest close of the week up to that point.
This close sat 28.58% 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 $1,092.70, making this a +23.46% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,349.00 per troy ounce on 29 July 2016. That is $16.70 higher than the previous close of $1,332.30, a move of 1.25%.
The gold price rose on 29 July 2016, gaining $16.70 (1.25%) against the previous session's close of $1,332.30.
At $1,349.00 per troy ounce, one gram of pure gold was worth about $43.37 on 29 July 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 29 July 2016 18k gold was worth about $32.53 per gram and 14k about $25.30 per gram, against $43.37 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 66.4 on 29 July 2016, meaning one ounce of gold was worth roughly 66.4 ounces of silver.
A year before 29 July 2016, gold was around $1,092.70 per troy ounce. The close of $1,349.00 therefore represents a rise of 23.5% over twelve months.
This close was session 4 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 28.58% below the highest close on record up to that date, which was set on 2011-08-22.