Distance from the record
This close sat 31.06% 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 3 November 2016, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,302.10 per troy ounce on 3 November 2016, down $4.700 (0.36%) from the previous close of $1,306.80.
This close sat 31.06% 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 $1,114.20, making this a +16.86% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,302.10 per troy ounce on 3 November 2016. That is $4.70 lower than the previous close of $1,306.80, a move of -0.36%.
The gold price fell on 3 November 2016, losing $4.70 (0.36%) against the previous session's close of $1,306.80.
At $1,302.10 per troy ounce, one gram of pure gold was worth about $41.86 on 3 November 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 3 November 2016 18k gold was worth about $31.40 per gram and 14k about $24.42 per gram, against $41.86 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 70.8 on 3 November 2016, meaning one ounce of gold was worth roughly 70.8 ounces of silver.
A week before 3 November 2016, gold was around $1,267.90 per troy ounce, so the close of $1,302.10 is a gain of 2.7% over the week.
A year before 3 November 2016, gold was around $1,114.20 per troy ounce. The close of $1,302.10 therefore represents a rise of 16.9% over twelve months.
It closed 31.06% below the highest close on record up to that date, which was set on 2011-08-22.