Highest so far that week
This was the strongest close of the week up to that point.
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This page is a historical record of the gold price in 7 January 2016, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,107.70 per troy ounce on 7 January 2016, up $15.80 (1.45%) from the previous close of $1,091.90.
This close extended a run of 3 consecutive sessions of gains. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This was the strongest close of the week up to that point.
This close sat 41.35% 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 $1,210.60, making this a -8.50% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,107.70 per troy ounce on 7 January 2016. That is $15.80 higher than the previous close of $1,091.90, a move of 1.45%.
The gold price rose on 7 January 2016, gaining $15.80 (1.45%) against the previous session's close of $1,091.90.
At $1,107.70 per troy ounce, one gram of pure gold was worth about $35.61 on 7 January 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 January 2016 18k gold was worth about $26.71 per gram and 14k about $20.77 per gram, against $35.61 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 77.3 on 7 January 2016, meaning one ounce of gold was worth roughly 77.3 ounces of silver.
A week before 7 January 2016, gold was around $1,060.30 per troy ounce, so the close of $1,107.70 is a gain of 4.5% over the week.
This close was session 3 of a consecutive run of gains. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 41.35% below the highest close on record up to that date, which was set on 2011-08-22.