Gold Price in November 2016
In November 2016, gold fell 9.0%, from $1,286.40 at the end of October to $1,170.80 per troy ounce on November 30, 2016. The highest close was $1,306.80 on November 1, 2016, the lowest $1,170.80 on November 30, 2016, and the average over 20 trading days was $1,236.81. Today's price is 231.1% higher than the November 2016 close.
Gold ended November lower. What usually happens in December after a lower November →
- Gold fell 9.0% in US dollars in November 2016, leaving it up 10.4% for the year to date.
- Measured in other currencies, the change ranged from −11.0% in GBP to +84.3% in EGP, because exchange rates moved too.
- It did better than silver (−10.8%), and worse than bitcoin (+6.4%) and US stocks (+3.7%).
- It closed higher on 6 trading days and lower on 13, with an average daily move of 0.78%.
- At the end of the month it was 38.0% below its highest close since 2000.
- Gold/silver ratio: 70.0 → 71.4.
Gold price chart, November 2016
US dollars per troy ounce · daily closeGold in other currencies, November 2016
| Currency | Change in the month |
|---|---|
| EGP | +84.3% |
| TRY | −0.1% |
| JPY | −2.1% |
| EUR | −6.1% |
| INR | −6.5% |
| CHF | −6.7% |
| CNY | −7.5% |
| AUD | −7.6% |
| ZAR | −8.4% |
| CAD | −8.8% |
| PKR | −8.8% |
| GBP | −11.0% |
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, November 2016
| Asset | Change (USD) |
|---|---|
| Gold | −9.0% |
| Silver | −10.8% |
| Bitcoin | +6.4% |
| S&P 500 (with dividends) | +3.7% |
| US inflation (CPI, month) | −0.16% |
| Gold, year to date (end of November) | +10.4% |
| Gold/silver ratio | 70.0 → 71.4 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Key Events in November 2016
- Tuesday, November 8Donald Trump wins the US presidential election. SourceGold: −0.4% that day
Daily Gold Prices, November 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 |
|---|---|---|---|---|---|
| Nov 1Tue | $1,306.80 | +1.59% | $42.01 | ₹28,009 | AED 154.28 |
| Nov 2Wed | $1,302.10 | −0.36% | $41.86 | ₹27,914 | AED 153.73 |
| Nov 3Thu | $1,303.30 | +0.09% | $41.90 | ₹27,981 | AED 153.86 |
| Nov 4Fri | $1,303.30 | 0.00% | $41.90 | ₹27,942 | AED 153.86 |
| Nov 7Mon | $1,278.30 | −1.92% | $41.10 | ₹27,448 | AED 150.95 |
| Nov 8Tue | $1,273.40 | −0.38% | $40.94 | ₹27,322 | AED 150.33 |
| Nov 9Wed | $1,272.60 | −0.06% | $40.92 | ₹27,098 | AED 150.24 |
| Nov 10Thu | $1,265.50 | −0.56% | $40.69 | ₹27,060 | AED 149.40 |
| Nov 14Mon | $1,221.20 | −3.50% | $39.26 | ₹26,521 | AED 144.18 |
| Nov 15Tue | $1,224.00 | +0.23% | $39.35 | ₹26,671 | AED 144.51 |
| Nov 16Wed | $1,223.40 | −0.05% | $39.33 | ₹26,647 | AED 144.44 |
| Nov 17Thu | $1,216.50 | −0.56% | $39.11 | ₹26,589 | AED 143.62 |
| Nov 18Fri | $1,208.50 | −0.66% | $38.85 | ₹26,411 | AED 142.67 |
| Nov 21Mon | $1,209.60 | +0.09% | $38.89 | ₹26,511 | AED 142.80 |
| Nov 22Tue | $1,211.00 | +0.12% | $38.93 | ₹26,559 | AED 142.97 |
| Nov 23Wed | $1,189.10 | −1.81% | $38.23 | ₹26,144 | AED 140.39 |
| Nov 25Fri | $1,178.20 | −0.92% | $37.88 | ₹26,041 | AED 139.13 |
| Nov 28Mon | $1,190.60 | +1.05% | $38.28 | ₹26,224 | AED 140.56 |
| Nov 29Tue | $1,187.90 | −0.23% | $38.19 | ₹26,183 | AED 140.24 |
| Nov 30Wed | $1,170.80 | −1.44% | $37.64 | ₹25,825 | AED 138.22 |
How November usually goes for gold
In the 20 years from 2006 to 2025, gold rose in November 9 times out of 20, with an average move of +0.9% and a median of −0.1%. Every November since 1971 →
Gold in November 2016: FAQ
What was the price of gold in November 2016?
Gold traded between $1,170.80 and $1,306.80 per troy ounce (daily closes) in November 2016, averaging $1,236.81. It closed the month at $1,170.80.
How much did gold go down in November 2016?
Gold fell 9.0%, from $1,286.40 to $1,170.80. The biggest daily rise was +1.6% on November 1, 2016 and the biggest fall −3.5% on November 14, 2016.
What was the gold price on November 1, 2016?
Gold closed at $1,306.80 per troy ounce on November 1, 2016, the first trading day of the month. 24K India, ₹ per 10 g: ₹28,009.
Is November usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in November 9 times out of 20, with an average move of +0.9% and a median of −0.1%. Past seasonal patterns are not a reliable guide to any single year.
How much did gold change in rupees in November 2016?
Gold fell 6.5% in Indian rupee terms in November 2016, compared with −9.0% in US dollars.
Did gold beat stocks in November 2016?
No. Gold was −9.0% for the month, against +3.7% for the S&P 500 with dividends.
Did gold keep up with inflation in November 2016?
US consumer prices (CPI) changed −0.16% in November, so gold's real (inflation-adjusted) change was about −8.8%.
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{corgano2026goldpriceinnovember, author = {{Corgano}}, title = {Gold Price in November 2016}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2016/november}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-11-01}}