Highest so far that week
This was the strongest close of the week up to that point.
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This page is a historical record of the gold price in 9 May 2016, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 28 April 2016
Gold closed at $1,265.60 per troy ounce on 9 May 2016, down $27.30 (2.11%) from the previous close of $1,292.90.
Gold lost 2.11% in one session, far more than a normal day's range. Falls this size rarely happen in isolation — the days on either side give the move its context.
This was the strongest close of the week up to that point.
This close sat 32.99% 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 $1,189.10, making this a +6.43% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,265.60 per troy ounce on 9 May 2016. That is $27.30 lower than the previous close of $1,292.90, a move of -2.11%.
The gold price fell on 9 May 2016, losing $27.30 (2.11%) against the previous session's close of $1,292.90.
At $1,265.60 per troy ounce, one gram of pure gold was worth about $40.69 on 9 May 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 9 May 2016 18k gold was worth about $30.52 per gram and 14k about $23.74 per gram, against $40.69 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 74.1 on 9 May 2016, meaning one ounce of gold was worth roughly 74.1 ounces of silver.
A week before 9 May 2016, gold was around $1,294.70 per troy ounce, so the close of $1,265.60 is a loss of 2.2% over the week.
It closed 32.99% below the highest close on record up to that date, which was set on 2011-08-22.