Highest so far that month
No earlier session that month closed above this level.
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This page is a historical record of the gold price in 3 October 2016, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 16 September 2016
Gold closed at $1,309.00 per troy ounce on 3 October 2016, down $4.300 (0.33%) from the previous close of $1,313.30.
Notable session: highest close of the month.
No earlier session that month closed above this level.
This close sat 30.69% 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 $1,137.10, making this a +15.12% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,309.00 per troy ounce on 3 October 2016. That is $4.30 lower than the previous close of $1,313.30, a move of -0.33%.
The gold price fell on 3 October 2016, losing $4.30 (0.33%) against the previous session's close of $1,313.30.
At $1,309.00 per troy ounce, one gram of pure gold was worth about $42.09 on 3 October 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 3 October 2016 18k gold was worth about $31.56 per gram and 14k about $24.55 per gram, against $42.09 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 69.6 on 3 October 2016, meaning one ounce of gold was worth roughly 69.6 ounces of silver.
A week before 3 October 2016, gold was around $1,339.70 per troy ounce, so the close of $1,309.00 is a loss of 2.3% over the week.
A year before 3 October 2016, gold was around $1,137.10 per troy ounce. The close of $1,309.00 therefore represents a rise of 15.1% over twelve months.
It closed 30.69% below the highest close on record up to that date, which was set on 2011-08-22.