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 31 May 2016, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,214.80 per troy ounce on 31 May 2016, up $1.000 (0.08%) from the previous close of $1,213.80.
Gold barely moved, closing within 0.08% 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 was the strongest close of the week up to that point.
This close sat 35.68% 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 $1,189.40, making this a +2.14% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,214.80 per troy ounce on 31 May 2016. That is $1.00 higher than the previous close of $1,213.80, a move of 0.08%.
The gold price rose on 31 May 2016, gaining $1.00 (0.08%) against the previous session's close of $1,213.80.
At $1,214.80 per troy ounce, one gram of pure gold was worth about $39.06 on 31 May 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 31 May 2016 18k gold was worth about $29.29 per gram and 14k about $22.78 per gram, against $39.06 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 76.1 on 31 May 2016, meaning one ounce of gold was worth roughly 76.1 ounces of silver.
A month before 31 May 2016, gold was around $1,289.20 per troy ounce, so the close of $1,214.80 is a loss of 5.8% over the month.
It closed 35.68% below the highest close on record up to that date, which was set on 2011-08-22.