Distance from the record
This close sat 32.62% 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 9 November 2016, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,272.60 per troy ounce on 9 November 2016, down $0.800 (0.06%) from the previous close of $1,273.40.
This close extended a run of 3 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 32.62% 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 $1,087.90, making this a +16.98% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,272.60 per troy ounce on 9 November 2016. That is $0.80 lower than the previous close of $1,273.40, a move of -0.06%.
The gold price fell on 9 November 2016, losing $0.80 (0.06%) against the previous session's close of $1,273.40.
At $1,272.60 per troy ounce, one gram of pure gold was worth about $40.92 on 9 November 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 9 November 2016 18k gold was worth about $30.69 per gram and 14k about $23.87 per gram, against $40.92 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 69.3 on 9 November 2016, meaning one ounce of gold was worth roughly 69.3 ounces of silver.
A week before 9 November 2016, gold was around $1,306.80 per troy ounce, so the close of $1,272.60 is a loss of 2.6% over the week.
A year before 9 November 2016, gold was around $1,087.90 per troy ounce. The close of $1,272.60 therefore represents a rise of 17.0% over twelve months.
This close was session 3 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 32.62% below the highest close on record up to that date, which was set on 2011-08-22.