Distance from the record
This close sat 32.95% 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 October 2016, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 23 June 2016
Gold closed at $1,266.30 per troy ounce on 4 October 2016, down $42.70 (3.26%) from the previous close of $1,309.00.
Notable session: moved more than 3% in a session.
Gold lost 3.26% in one session, far more than a normal day's range. Falls this size rarely happen in isolation — the days on either side give the move its context.
This close sat 32.95% 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 +11.36% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,266.30 per troy ounce on 4 October 2016. That is $42.70 lower than the previous close of $1,309.00, a move of -3.26%.
The gold price fell on 4 October 2016, losing $42.70 (3.26%) against the previous session's close of $1,309.00.
At $1,266.30 per troy ounce, one gram of pure gold was worth about $40.71 on 4 October 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 4 October 2016 18k gold was worth about $30.53 per gram and 14k about $23.75 per gram, against $40.71 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 71.5 on 4 October 2016, meaning one ounce of gold was worth roughly 71.5 ounces of silver.
A week before 4 October 2016, gold was around $1,325.90 per troy ounce, so the close of $1,266.30 is a loss of 4.5% over the week.
This close was session 3 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 32.95% below the highest close on record up to that date, which was set on 2011-08-22.