Distance from the record
This close sat 28.82% 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 September 2016, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,344.30 per troy ounce on 7 September 2016, down $5.100 (0.38%) from the previous close of $1,349.40.
This close sat 28.82% 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 $1,120.60, making this a +19.96% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,344.30 per troy ounce on 7 September 2016. That is $5.10 lower than the previous close of $1,349.40, a move of -0.38%.
The gold price fell on 7 September 2016, losing $5.10 (0.38%) against the previous session's close of $1,349.40.
At $1,344.30 per troy ounce, one gram of pure gold was worth about $43.22 on 7 September 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 September 2016 18k gold was worth about $32.42 per gram and 14k about $25.21 per gram, against $43.22 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 68.0 on 7 September 2016, meaning one ounce of gold was worth roughly 68.0 ounces of silver.
A week before 7 September 2016, gold was around $1,306.90 per troy ounce, so the close of $1,344.30 is a gain of 2.9% over the week.
A year before 7 September 2016, gold was around $1,120.60 per troy ounce. The close of $1,344.30 therefore represents a rise of 20.0% over twelve months.
It closed 28.82% below the highest close on record up to that date, which was set on 2011-08-22.