Gold Price in January 2016
In January 2016, gold rose 5.3%, from $1,060.30 at the end of December to $1,116.40 per troy ounce on January 29, 2016. The highest close was $1,121.70 on January 26, 2016, the lowest $1,073.90 on January 14, 2016, and the average over 19 trading days was $1,097.64. Today's price is 247.3% higher than the January 2016 close.
Gold ended January higher. What usually happens in February after a higher January →
- Gold rose 5.3% in US dollars in January 2016.
- Measured in other currencies, the change ranged from +4.0% in JPY to +9.6% in ZAR, because exchange rates moved too.
- It did better than silver (+3.3%), bitcoin (−14.4%) and US stocks (−5.0%).
- It closed higher on 10 trading days and lower on 9, with an average daily move of 0.79%.
- At the end of the month it was 40.9% below its highest close since 2000.
- Gold/silver ratio: 77.0 → 78.5.
Gold price chart, January 2016
US dollars per troy ounce · daily closeGold in other currencies, January 2016
| Currency | Change in the month |
|---|---|
| ZAR | +9.6% |
| GBP | +8.6% |
| AUD | +8.2% |
| CHF | +8.0% |
| INR | +7.9% |
| TRY | +7.1% |
| CNY | +6.7% |
| CAD | +6.5% |
| EGP | +5.4% |
| EUR | +5.3% |
| PKR | +5.1% |
| JPY | +4.0% |
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, January 2016
| Asset | Change (USD) |
|---|---|
| Gold | +5.3% |
| Silver | +3.3% |
| Bitcoin | −14.4% |
| S&P 500 (with dividends) | −5.0% |
| US inflation (CPI, month) | +0.17% |
| Gold/silver ratio | 77.0 → 78.5 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, January 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 |
|---|---|---|---|---|---|
| Jan 4Mon | $1,075.10 | +1.40% | $34.57 | ₹22,880 | AED 126.92 |
| Jan 5Tue | $1,078.40 | +0.31% | $34.67 | ₹23,091 | AED 127.32 |
| Jan 6Wed | $1,091.90 | +1.25% | $35.11 | ₹23,354 | AED 128.91 |
| Jan 7Thu | $1,107.70 | +1.45% | $35.61 | ₹23,763 | AED 130.77 |
| Jan 8Fri | $1,097.80 | −0.89% | $35.30 | ₹23,620 | AED 129.59 |
| Jan 11Mon | $1,096.50 | −0.12% | $35.25 | ₹23,563 | AED 129.44 |
| Jan 12Tue | $1,085.60 | −0.99% | $34.90 | ₹23,313 | AED 128.16 |
| Jan 13Wed | $1,087.50 | +0.18% | $34.96 | ₹23,398 | AED 128.38 |
| Jan 14Thu | $1,073.90 | −1.25% | $34.53 | ₹23,111 | AED 126.79 |
| Jan 15Fri | $1,091.50 | +1.64% | $35.09 | ₹23,619 | AED 128.84 |
| Jan 19Tue | $1,089.90 | −0.15% | $35.04 | ₹23,727 | AED 128.66 |
| Jan 20Wed | $1,107.10 | +1.58% | $35.59 | ₹24,121 | AED 130.69 |
| Jan 21Thu | $1,099.10 | −0.72% | $35.34 | ₹24,011 | AED 129.75 |
| Jan 22Fri | $1,097.20 | −0.17% | $35.28 | ₹23,920 | AED 129.52 |
| Jan 25Mon | $1,106.20 | +0.82% | $35.57 | ₹24,021 | AED 130.60 |
| Jan 26Tue | $1,121.70 | +1.40% | $36.06 | ₹24,430 | AED 132.43 |
| Jan 27Wed | $1,116.10 | −0.50% | $35.88 | ₹24,318 | AED 131.76 |
| Jan 28Thu | $1,115.60 | −0.04% | $35.87 | ₹24,460 | AED 131.70 |
| Jan 29Fri | $1,116.40 | +0.07% | $35.89 | ₹24,441 | AED 131.79 |
How January usually goes for gold
In the 20 years from 2006 to 2025, gold rose in January 14 times out of 20, with an average move of +3.5% and a median of +3.7%. Every January since 1971 →
Gold in January 2016: FAQ
What was the price of gold in January 2016?
Gold traded between $1,073.90 and $1,121.70 per troy ounce (daily closes) in January 2016, averaging $1,097.64. It closed the month at $1,116.40.
How much did gold go up in January 2016?
Gold rose 5.3%, from $1,060.30 to $1,116.40. The biggest daily rise was +1.6% on January 15, 2016 and the biggest fall −1.3% on January 14, 2016.
What was the gold price on January 4, 2016?
Gold closed at $1,075.10 per troy ounce on January 4, 2016, the first trading day of the month. 24K India, ₹ per 10 g: ₹22,880.
Is January usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in January 14 times out of 20, with an average move of +3.5% and a median of +3.7%. Past seasonal patterns are not a reliable guide to any single year.
How much did gold change in rupees in January 2016?
Gold rose 7.9% in Indian rupee terms in January 2016, compared with +5.3% in US dollars.
Did gold beat stocks in January 2016?
Yes. Gold was +5.3% for the month, against −5.0% for the S&P 500 with dividends.
Did gold keep up with inflation in January 2016?
US consumer prices (CPI) changed +0.17% in January, so gold's real (inflation-adjusted) change was about +5.1%.
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{corgano2026goldpriceinjanuary, author = {{Corgano}}, title = {Gold Price in January 2016}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2016/january}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}