Highest so far that year
At the time, no session earlier in the year had closed higher.
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This page is a historical record of the gold price in 8 February 2016, not the current price.See today's gold price (11 September 2026)
Highest closing price since 19 June 2015
Gold closed at $1,197.90 per troy ounce on 8 February 2016, up $40.10 (3.46%) from the previous close of $1,157.80.
Notable session: moved more than 3% in a session.
This was a 3.46% move in one session — well beyond a typical day for gold. Moves this size are usually a reaction to something specific rather than ordinary drift, so the surrounding news is worth checking alongside the number.
At the time, no session earlier in the year had closed higher.
This close sat 36.58% 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 $1,233.90, making this a -2.92% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,197.90 per troy ounce on 8 February 2016. That is $40.10 higher than the previous close of $1,157.80, a move of 3.46%.
The gold price rose on 8 February 2016, gaining $40.10 (3.46%) against the previous session's close of $1,157.80.
At $1,197.90 per troy ounce, one gram of pure gold was worth about $38.51 on 8 February 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 February 2016 18k gold was worth about $28.89 per gram and 14k about $22.47 per gram, against $38.51 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 77.7 on 8 February 2016, meaning one ounce of gold was worth roughly 77.7 ounces of silver.
A week before 8 February 2016, gold was around $1,116.40 per troy ounce, so the close of $1,197.90 is a gain of 7.3% over the week.
A month before 8 February 2016, gold was around $1,097.80 per troy ounce, so the close of $1,197.90 is a gain of 9.1% over the month.
This close was session 6 of a consecutive run of gains. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 36.58% below the highest close on record up to that date, which was set on 2011-08-22.
The most recent higher close was about 8 months earlier — 159 trading sessions before this one.