Distance from the record
This close sat 32.58% 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 November 2016, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,273.40 per troy ounce on 8 November 2016, down $4.900 (0.38%) from the previous close of $1,278.30.
This close sat 32.58% 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 $1,087.60, making this a +17.08% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,273.40 per troy ounce on 8 November 2016. That is $4.90 lower than the previous close of $1,278.30, a move of -0.38%.
The gold price fell on 8 November 2016, losing $4.90 (0.38%) against the previous session's close of $1,278.30.
At $1,273.40 per troy ounce, one gram of pure gold was worth about $40.94 on 8 November 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 November 2016 18k gold was worth about $30.71 per gram and 14k about $23.88 per gram, against $40.94 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 69.5 on 8 November 2016, meaning one ounce of gold was worth roughly 69.5 ounces of silver.
A year before 8 November 2016, gold was around $1,087.60 per troy ounce. The close of $1,273.40 therefore represents a rise of 17.1% over twelve months.
It closed 32.58% below the highest close on record up to that date, which was set on 2011-08-22.