Distance from the record
This close sat 27.99% 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 7 July 2016, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,360.10 per troy ounce on 7 July 2016, down $4.800 (0.35%) from the previous close of $1,364.90.
This close sat 27.99% below the highest gold close recorded up to that date, set on 2011-08-22.
One of the ten highest gold closes of that year, ranking 3 of 248 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,152.40, making this a +18.02% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,360.10 per troy ounce on 7 July 2016. That is $4.80 lower than the previous close of $1,364.90, a move of -0.35%.
The gold price fell on 7 July 2016, losing $4.80 (0.35%) against the previous session's close of $1,364.90.
At $1,360.10 per troy ounce, one gram of pure gold was worth about $43.73 on 7 July 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 July 2016 18k gold was worth about $32.80 per gram and 14k about $25.51 per gram, against $43.73 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 68.7 on 7 July 2016, meaning one ounce of gold was worth roughly 68.7 ounces of silver.
A week before 7 July 2016, gold was around $1,318.40 per troy ounce, so the close of $1,360.10 is a gain of 3.2% over the week.
A month before 7 July 2016, gold was around $1,244.40 per troy ounce, so the close of $1,360.10 is a gain of 9.3% over the month.
A year before 7 July 2016, gold was around $1,152.40 per troy ounce. The close of $1,360.10 therefore represents a rise of 18.0% over twelve months.
It closed 27.99% below the highest close on record up to that date, which was set on 2011-08-22.