Distance from the record
This close sat 28.17% 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 8 July 2016, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,356.60 per troy ounce on 8 July 2016, down $3.500 (0.26%) from the previous close of $1,360.10.
This close sat 28.17% below the highest gold close recorded up to that date, set on 2011-08-22.
One of the ten highest gold closes of that year, ranking 5 of 248 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,163.30, making this a +16.62% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,356.60 per troy ounce on 8 July 2016. That is $3.50 lower than the previous close of $1,360.10, a move of -0.26%.
The gold price fell on 8 July 2016, losing $3.50 (0.26%) against the previous session's close of $1,360.10.
At $1,356.60 per troy ounce, one gram of pure gold was worth about $43.62 on 8 July 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 July 2016 18k gold was worth about $32.71 per gram and 14k about $25.44 per gram, against $43.62 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 67.6 on 8 July 2016, meaning one ounce of gold was worth roughly 67.6 ounces of silver.
A month before 8 July 2016, gold was around $1,259.80 per troy ounce, so the close of $1,356.60 is a gain of 7.7% over the month.
A year before 8 July 2016, gold was around $1,163.30 per troy ounce. The close of $1,356.60 therefore represents a rise of 16.6% over twelve months.
It closed 28.17% below the highest close on record up to that date, which was set on 2011-08-22.