Gold Price in February 2016
In February 2016, gold rose 10.5%, from $1,116.40 at the end of January to $1,233.90 per troy ounce on February 29, 2016. The highest close was $1,247.90 on February 11, 2016, the lowest $1,127.30 on February 2, 2016, and the average over 20 trading days was $1,201.41. Today's price is 214.2% higher than the February 2016 close.
Gold ended February higher. What usually happens in March after a higher February →
- Gold rose 10.5% in US dollars in February 2016, leaving it up 16.4% for the year to date.
- Measured in other currencies, the change ranged from +5.6% in JPY to +14.5% in GBP, because exchange rates moved too.
- It did better than silver (+4.7%) and US stocks (−0.1%), and worse than bitcoin (+18.7%).
- It closed higher on 13 trading days and lower on 7, with an average daily move of 1.20%.
- At the end of the month it was 34.7% below its highest close since 2000.
- Gold/silver ratio: 78.5 → 82.8.
Gold price chart, February 2016
US dollars per troy ounce · daily closeGold in other currencies, February 2016
| Currency | Change in the month |
|---|---|
| GBP | +14.5% |
| INR | +11.6% |
| PKR | +11.4% |
| TRY | +11.2% |
| EUR | +10.7% |
| ZAR | +10.5% |
| CNY | +9.9% |
| AUD | +9.9% |
| EGP | +9.8% |
| CHF | +8.7% |
| CAD | +6.7% |
| JPY | +5.6% |
Price in each currency at each day's exchange rate, previous month-end to this month-end. A weaker currency makes gold rise more in local terms.
Gold vs other assets, February 2016
| Asset | Change (USD) |
|---|---|
| Gold | +10.5% |
| Silver | +4.7% |
| Bitcoin | +18.7% |
| S&P 500 (with dividends) | −0.1% |
| US inflation (CPI, month) | +0.08% |
| Gold, year to date (end of February) | +16.4% |
| Gold/silver ratio | 78.5 → 82.8 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, February 2016
Closing price for every trading day, with the same price in INR and AED at that day's exchange rate.
| Date | Close (USD per oz) | Change | USD per gram | 24K India, ₹ per 10 g | 24K UAE, AED per gram |
|---|---|---|---|---|---|
| Feb 1Mon | $1,127.90 | +1.03% | $36.26 | ₹24,612 | AED 133.16 |
| Feb 2Tue | $1,127.30 | −0.05% | $36.24 | ₹24,603 | AED 133.09 |
| Feb 3Wed | $1,141.30 | +1.24% | $36.69 | ₹24,947 | AED 134.74 |
| Feb 4Thu | $1,157.60 | +1.43% | $37.22 | ₹25,281 | AED 136.67 |
| Feb 5Fri | $1,157.80 | +0.02% | $37.22 | ₹25,150 | AED 136.69 |
| Feb 8Mon | $1,197.90 | +3.46% | $38.51 | ₹26,113 | AED 141.42 |
| Feb 9Tue | $1,198.70 | +0.07% | $38.54 | ₹26,236 | AED 141.52 |
| Feb 10Wed | $1,194.70 | −0.33% | $38.41 | ₹26,091 | AED 141.04 |
| Feb 11Thu | $1,247.90 | +4.45% | $40.12 | ₹27,239 | AED 147.36 |
| Feb 12Fri | $1,239.10 | −0.71% | $39.84 | ₹27,279 | AED 146.29 |
| Feb 16Tue | $1,207.90 | −2.52% | $38.83 | ₹26,461 | AED 142.60 |
| Feb 17Wed | $1,211.10 | +0.26% | $38.94 | ₹26,675 | AED 142.98 |
| Feb 18Thu | $1,226.10 | +1.24% | $39.42 | ₹26,946 | AED 144.75 |
| Feb 19Fri | $1,230.40 | +0.35% | $39.56 | ₹27,124 | AED 145.26 |
| Feb 22Mon | $1,209.50 | −1.70% | $38.89 | ₹26,652 | AED 142.79 |
| Feb 23Tue | $1,222.30 | +1.06% | $39.30 | ₹26,948 | AED 144.31 |
| Feb 24Wed | $1,238.70 | +1.34% | $39.83 | ₹27,321 | AED 146.24 |
| Feb 25Thu | $1,238.20 | −0.04% | $39.81 | ₹27,220 | AED 146.19 |
| Feb 26Fri | $1,219.80 | −1.49% | $39.22 | ₹26,980 | AED 144.01 |
| Feb 29Mon | $1,233.90 | +1.16% | $39.67 | ₹27,266 | AED 145.71 |
How February usually goes for gold
In the 20 years from 2006 to 2025, gold rose in February 11 times out of 20, with an average move of +0.9% and a median of +0.8%. Every February since 1971 →
Gold in February 2016: FAQ
What was the price of gold in February 2016?
Gold traded between $1,127.30 and $1,247.90 per troy ounce (daily closes) in February 2016, averaging $1,201.41. It closed the month at $1,233.90.
How much did gold go up in February 2016?
Gold rose 10.5%, from $1,116.40 to $1,233.90. The biggest daily rise was +4.5% on February 11, 2016 and the biggest fall −2.5% on February 16, 2016.
What was the gold price on February 1, 2016?
Gold closed at $1,127.90 per troy ounce on February 1, 2016, the first trading day of the month. 24K India, ₹ per 10 g: ₹24,612.
Is February usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in February 11 times out of 20, with an average move of +0.9% and a median of +0.8%. Past seasonal patterns are not a reliable guide to any single year.
How much did gold change in rupees in February 2016?
Gold rose 11.6% in Indian rupee terms in February 2016, compared with +10.5% in US dollars.
Did gold beat stocks in February 2016?
Yes. Gold was +10.5% for the month, against −0.1% for the S&P 500 with dividends.
Did gold keep up with inflation in February 2016?
US consumer prices (CPI) changed +0.08% in February, so gold's real (inflation-adjusted) change was about +10.4%.
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{corgano2026goldpriceinfebruary, author = {{Corgano}}, title = {Gold Price in February 2016}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2016/february}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}