Distance from the record
This close sat 33.18% 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 March 2016, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,262.10 per troy ounce on 8 March 2016, down $1.100 (0.09%) from the previous close of $1,263.20.
Gold barely moved, closing within 0.09% of the previous session. Flat days are the majority of any price series and are most useful as the baseline the notable days are measured against.
This close sat 33.18% 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 $1,164.10, making this a +8.42% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,262.10 per troy ounce on 8 March 2016. That is $1.10 lower than the previous close of $1,263.20, a move of -0.09%.
The gold price fell on 8 March 2016, losing $1.10 (0.09%) against the previous session's close of $1,263.20.
At $1,262.10 per troy ounce, one gram of pure gold was worth about $40.58 on 8 March 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 March 2016 18k gold was worth about $30.43 per gram and 14k about $23.67 per gram, against $40.58 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 82.0 on 8 March 2016, meaning one ounce of gold was worth roughly 82.0 ounces of silver.
A week before 8 March 2016, gold was around $1,234.20 per troy ounce, so the close of $1,262.10 is a gain of 2.3% over the week.
A month before 8 March 2016, gold was around $1,197.90 per troy ounce, so the close of $1,262.10 is a gain of 5.4% over the month.
It closed 33.18% below the highest close on record up to that date, which was set on 2011-08-22.