Distance from the record
This close sat 33.83% 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 October 2016, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 7 June 2016
Gold closed at $1,249.80 per troy ounce on 6 October 2016, down $15.40 (1.22%) from the previous close of $1,265.20.
This close extended a run of 5 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 33.83% 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 $1,146.80, making this a +8.98% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,249.80 per troy ounce on 6 October 2016. That is $15.40 lower than the previous close of $1,265.20, a move of -1.22%.
The gold price fell on 6 October 2016, losing $15.40 (1.22%) against the previous session's close of $1,265.20.
At $1,249.80 per troy ounce, one gram of pure gold was worth about $40.18 on 6 October 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 6 October 2016 18k gold was worth about $30.14 per gram and 14k about $23.44 per gram, against $40.18 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 72.3 on 6 October 2016, meaning one ounce of gold was worth roughly 72.3 ounces of silver.
A week before 6 October 2016, gold was around $1,321.70 per troy ounce, so the close of $1,249.80 is a loss of 5.4% over the week.
A month before 6 October 2016, gold was around $1,349.40 per troy ounce, so the close of $1,249.80 is a loss of 7.4% over the month.
This close was session 5 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 33.83% below the highest close on record up to that date, which was set on 2011-08-22.