Distance from the record
This close sat 31.55% 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 6 May 2016, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,292.90 per troy ounce on 6 May 2016, up $21.50 (1.69%) from the previous close of $1,271.40.
Gold moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
This close sat 31.55% 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 $1,190.30, making this a +8.62% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,292.90 per troy ounce on 6 May 2016. That is $21.50 higher than the previous close of $1,271.40, a move of 1.69%.
The gold price rose on 6 May 2016, gaining $21.50 (1.69%) against the previous session's close of $1,271.40.
At $1,292.90 per troy ounce, one gram of pure gold was worth about $41.57 on 6 May 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 6 May 2016 18k gold was worth about $31.18 per gram and 14k about $24.25 per gram, against $41.57 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 73.9 on 6 May 2016, meaning one ounce of gold was worth roughly 73.9 ounces of silver.
A month before 6 May 2016, gold was around $1,222.50 per troy ounce, so the close of $1,292.90 is a gain of 5.8% over the month.
It closed 31.55% below the highest close on record up to that date, which was set on 2011-08-22.