Highest so far that week
This was the strongest close of the week up to that point.
Loading…
This page is a historical record of the gold price in 8 August 2016, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,333.40 per troy ounce on 8 August 2016, down $3.000 (0.22%) from the previous close of $1,336.40.
This was the strongest close of the week up to that point.
This close sat 29.40% 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 $1,094.10, making this a +21.87% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,333.40 per troy ounce on 8 August 2016. That is $3.00 lower than the previous close of $1,336.40, a move of -0.22%.
The gold price fell on 8 August 2016, losing $3.00 (0.22%) against the previous session's close of $1,336.40.
At $1,333.40 per troy ounce, one gram of pure gold was worth about $42.87 on 8 August 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 August 2016 18k gold was worth about $32.15 per gram and 14k about $25.01 per gram, against $42.87 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 67.5 on 8 August 2016, meaning one ounce of gold was worth roughly 67.5 ounces of silver.
A week before 8 August 2016, gold was around $1,306.90 per troy ounce, so the close of $1,333.40 is a gain of 2.0% over the week.
A year before 8 August 2016, gold was around $1,094.10 per troy ounce. The close of $1,333.40 therefore represents a rise of 21.9% over twelve months.
It closed 29.40% below the highest close on record up to that date, which was set on 2011-08-22.