Distance from the record
This close sat 30.02% 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 September 2016, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,321.70 per troy ounce on 29 September 2016, up $2.300 (0.17%) from the previous close of $1,319.40.
This close sat 30.02% 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 $1,127.10, making this a +17.27% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,321.70 per troy ounce on 29 September 2016. That is $2.30 higher than the previous close of $1,319.40, a move of 0.17%.
The gold price rose on 29 September 2016, gaining $2.30 (0.17%) against the previous session's close of $1,319.40.
At $1,321.70 per troy ounce, one gram of pure gold was worth about $42.49 on 29 September 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 29 September 2016 18k gold was worth about $31.87 per gram and 14k about $24.79 per gram, against $42.49 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 69.1 on 29 September 2016, meaning one ounce of gold was worth roughly 69.1 ounces of silver.
A year before 29 September 2016, gold was around $1,127.10 per troy ounce. The close of $1,321.70 therefore represents a rise of 17.3% over twelve months.
It closed 30.02% below the highest close on record up to that date, which was set on 2011-08-22.