Distance from the record
This close sat 32.58% 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 May 2016, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,273.30 per troy ounce on 4 May 2016, down $17.40 (1.35%) from the previous close of $1,290.70.
This close sat 32.58% 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 $1,186.80, making this a +7.29% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,273.30 per troy ounce on 4 May 2016. That is $17.40 lower than the previous close of $1,290.70, a move of -1.35%.
The gold price fell on 4 May 2016, losing $17.40 (1.35%) against the previous session's close of $1,290.70.
At $1,273.30 per troy ounce, one gram of pure gold was worth about $40.94 on 4 May 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 4 May 2016 18k gold was worth about $30.70 per gram and 14k about $23.88 per gram, against $40.94 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 73.7 on 4 May 2016, meaning one ounce of gold was worth roughly 73.7 ounces of silver.
It closed 32.58% below the highest close on record up to that date, which was set on 2011-08-22.