Distance from the record
This close sat 34.11% 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 June 2016, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,244.40 per troy ounce on 7 June 2016, down $0.200 (0.02%) from the previous close of $1,244.60.
Gold barely moved, closing within 0.02% of the previous session. Flat days are the majority of any price series and are most useful as the baseline the notable days are measured against.
This close sat 34.11% 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 $1,167.80, making this a +6.56% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,244.40 per troy ounce on 7 June 2016. That is $0.20 lower than the previous close of $1,244.60, a move of -0.02%.
The gold price fell on 7 June 2016, losing $0.20 (0.02%) against the previous session's close of $1,244.60.
At $1,244.40 per troy ounce, one gram of pure gold was worth about $40.01 on 7 June 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 June 2016 18k gold was worth about $30.01 per gram and 14k about $23.34 per gram, against $40.01 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 76.0 on 7 June 2016, meaning one ounce of gold was worth roughly 76.0 ounces of silver.
A week before 7 June 2016, gold was around $1,214.80 per troy ounce, so the close of $1,244.40 is a gain of 2.4% over the week.
It closed 34.11% below the highest close on record up to that date, which was set on 2011-08-22.