Highest so far that month
No earlier session that month closed above this level.
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This page is a historical record of the gold price in 8 June 2016, not the current price.See today's gold price (11 September 2026)
Highest closing price since 18 May 2016
Gold closed at $1,259.80 per troy ounce on 8 June 2016, up $15.40 (1.24%) from the previous close of $1,244.40.
Gold moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
No earlier session that month closed above this level.
This close sat 33.30% 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 $1,173.20, making this a +7.38% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,259.80 per troy ounce on 8 June 2016. That is $15.40 higher than the previous close of $1,244.40, a move of 1.24%.
The gold price rose on 8 June 2016, gaining $15.40 (1.24%) against the previous session's close of $1,244.40.
At $1,259.80 per troy ounce, one gram of pure gold was worth about $40.50 on 8 June 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 June 2016 18k gold was worth about $30.38 per gram and 14k about $23.63 per gram, against $40.50 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 74.2 on 8 June 2016, meaning one ounce of gold was worth roughly 74.2 ounces of silver.
A week before 8 June 2016, gold was around $1,214.80 per troy ounce, so the close of $1,259.80 is a gain of 3.7% over the week.
It closed 33.30% below the highest close on record up to that date, which was set on 2011-08-22.