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 8 April 2016, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,242.50 per troy ounce on 8 April 2016, up $6.300 (0.51%) from the previous close of $1,236.20.
This was the strongest close of the week up to that point.
This close sat 34.21% 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 $1,203.10, making this a +3.27% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,242.50 per troy ounce on 8 April 2016. That is $6.30 higher than the previous close of $1,236.20, a move of 0.51%.
The gold price rose on 8 April 2016, gaining $6.30 (0.51%) against the previous session's close of $1,236.20.
At $1,242.50 per troy ounce, one gram of pure gold was worth about $39.95 on 8 April 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 April 2016 18k gold was worth about $29.96 per gram and 14k about $23.30 per gram, against $39.95 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 80.8 on 8 April 2016, meaning one ounce of gold was worth roughly 80.8 ounces of silver.
A week before 8 April 2016, gold was around $1,289.20 per troy ounce, so the close of $1,242.50 is a loss of 3.6% over the week.
It closed 34.21% below the highest close on record up to that date, which was set on 2011-08-22.