Gold Price in 2016
Gold averaged $1,249.71 an ounce in 2016, ranging from $1,073.90 to $1,364.90, and ended the year up 8.5% at $1,150.00. The highest close was $1,364.90 on July 6, 2016 and the lowest $1,073.90 on January 14, 2016; the year started from $1,060.30, the close at the end of 2015. Today's price is 237.1% above the 2016 close.
Gold price chart, 2016
USD per troy ounce · daily closeMonthly Gold Prices in 2016
Month-end close and range, US dollars per troy ounce. Choose a month for every day's price.
| Month | Close | High | Low | Change |
|---|---|---|---|---|
| January | $1,116.40 | $1,121.70 | $1,073.90 | +5.3% |
| February | $1,233.90 | $1,247.90 | $1,127.30 | +10.5% |
| March | $1,234.20 | $1,272.00 | $1,219.90 | 0.0% |
| April | $1,289.20 | $1,289.20 | $1,218.00 | +4.5% |
| May | $1,214.80 | $1,294.70 | $1,213.80 | −5.8% |
| June | $1,318.40 | $1,323.90 | $1,209.80 | +8.5% |
| July | $1,349.00 | $1,364.90 | $1,318.80 | +2.3% |
| August | $1,306.90 | $1,364.40 | $1,306.90 | −3.1% |
| September | $1,313.30 | $1,349.40 | $1,305.80 | +0.5% |
| October | $1,271.50 | $1,309.00 | $1,248.90 | −3.2% |
| November | $1,170.80 | $1,306.80 | $1,170.80 | −7.9% |
| December | $1,150.00 | $1,175.10 | $1,127.80 | −1.8% |
Gold in 2016 at a Glance
- Gold rose 8.5% in US dollars. In EGP terms it rose 151.5%, and in ZAR terms it fell 5.2% — the difference comes from currency moves.
- It did worse than Silver (+15.7%), Bitcoin (+123.8%) and S&P 500 (with dividends) (+12.0%).
- After US inflation of 2.1%, the real change was +6.3%.
- In the futures market, managed money (speculators) went from net short 27,201 to net long 43,366 contracts.
Key Events in 2016
What happened, and how gold moved that day (or the next trading day) and about a month later.
- Thursday, June 23UK votes 51.9% to 48.1% to leave the EU; sterling falls to its lowest level since 1985 as results come in. SourceGold: −0.5% that day · +4.3% a month later
- Tuesday, November 8Donald Trump wins the US presidential election. SourceGold: −0.4% that day · −8.5% a month later
Gold in 2016: records, milestones and the London price chart →
Gold in other currencies, 2016
| Currency | Change |
|---|---|
| EGP | +151.5% |
| GBP | +30.8% |
| TRY | +30.7% |
| CNY | +16.2% |
| EUR | +12.1% |
| CHF | +11.7% |
| INR | +10.9% |
| AUD | +9.2% |
| PKR | +7.9% |
| CAD | +5.4% |
| JPY | +4.7% |
| ZAR | −5.2% |
Price in each currency at the year-end exchange rate, year-end to year-end. A falling currency makes gold rise more in local terms.
Gold vs other assets, 2016
| Asset | Change (USD) |
|---|---|
| Silver | +15.7% |
| Bitcoin | +123.8% |
| S&P 500 (with dividends) | +12.0% |
| US inflation (CPI) | +2.1% |
Gold Price on Festivals in 2016
| Festival | Date | Price |
|---|---|---|
| Chinese New Year | Mon 8 Feb | ¥252.80 24K ¥/g |
| Gudi Padwa | Fri 8 Apr | ₹26,676 24K ₹/10 g |
| Akshaya Tritiya | Mon 9 May | ₹27,149 24K ₹/10 g |
| Eid al-Fitr | Wed 6 Jul | AED 161.15 24K AED/g |
| Eid al-Adha | Mon 12 Sep | AED 155.99 24K AED/g |
| Navratri | Sat 1 Oct | ₹28,212 24K ₹/10 g |
| Dussehra | Tue 11 Oct | ₹26,910 24K ₹/10 g |
| Dhanteras | Fri 28 Oct | ₹27,436 24K ₹/10 g |
| Diwali | Sun 30 Oct | ₹27,436 24K ₹/10 g |
International price converted at that day's rate, before local taxes and making charges.
Futures positioning: managed money (speculators) held a net long position of 43,366 contracts on 27 Dec 2016, against net short 27,201 a year earlier. COT report →
Gold in 2016: FAQ
What was the price of gold in 2016?
Gold traded between $1,073.90 and $1,364.90 per troy ounce in 2016 (daily closes), averaging $1,249.71. It closed the year at $1,150.00.
How much did gold go up in 2016?
Gold rose 8.5% in 2016, from $1,060.30 to $1,150.00 per ounce.
What was the highest gold price in 2016?
The highest daily close in 2016 was $1,364.90 per troy ounce on July 6, 2016.
What was the best month for gold in 2016?
February (+10.5%). The weakest was November (−7.9%).
How much did gold rise in rupees in 2016?
Gold rose 10.9% in Indian rupee terms in 2016, compared with +8.5% in US dollars.
Did gold beat the stock market in 2016?
No. Gold was +8.5% for the year, against +12.0% for the S&P 500 with dividends reinvested.
What was the biggest event for gold in 2016?
Of the key events listed on this page, the biggest one-day reaction was on 23 June: UK votes 51.9% to 48.1% to leave the EU; sterling falls to its lowest level since 1985 as results come in. Gold moved −0.5% that day.
Daily closing prices of COMEX front-month gold futures (US dollars per troy ounce), which track the spot price closely. Download the full daily series as CSV or get any year from the free gold price API (free to use with a link to this site).
Cite this page
For essays, articles and research. Prices on this page update daily, so the citations include today's date as the date you accessed it.
@misc{corgano2026goldpricein2016, author = {{Corgano}}, title = {Gold Price in 2016}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2016}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}