Distance from the record
This close sat 28.06% 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 4 August 2016, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,358.80 per troy ounce on 4 August 2016, up $2.700 (0.20%) from the previous close of $1,356.10.
This close sat 28.06% below the highest gold close recorded up to that date, set on 2011-08-22.
One of the ten highest gold closes of that year, ranking 4 of 248 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,090.70, making this a +24.58% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,358.80 per troy ounce on 4 August 2016. That is $2.70 higher than the previous close of $1,356.10, a move of 0.20%.
The gold price rose on 4 August 2016, gaining $2.70 (0.20%) against the previous session's close of $1,356.10.
At $1,358.80 per troy ounce, one gram of pure gold was worth about $43.69 on 4 August 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 4 August 2016 18k gold was worth about $32.76 per gram and 14k about $25.48 per gram, against $43.69 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 66.6 on 4 August 2016, meaning one ounce of gold was worth roughly 66.6 ounces of silver.
A year before 4 August 2016, gold was around $1,090.70 per troy ounce. The close of $1,358.80 therefore represents a rise of 24.6% over twelve months.
It closed 28.06% below the highest close on record up to that date, which was set on 2011-08-22.