Gold Price in October 2016
In October 2016, gold fell 2.0%, from $1,313.30 at the end of September to $1,286.40 per troy ounce on October 31, 2016. The highest close was $1,309.00 on October 2, 2016, the lowest $1,248.90 on October 6, 2016, and the average over 25 trading days was $1,264.38. Today's price is 201.4% higher than the October 2016 close.
Gold ended October lower. What usually happens in November after a lower October →
- Gold fell 2.0% in US dollars in October 2016, leaving it up 21.3% for the year to date.
- Measured in other currencies, the change ranged from −3.0% in ZAR to +3.9% in GBP, because exchange rates moved too.
- It did better than silver (−3.9%), and worse than bitcoin (+15.0%) and US stocks (−1.8%).
- It closed higher on 10 trading days and lower on 11, with an average daily move of 0.45%.
- At the end of the month it was 31.9% below its highest close since 2000.
- Gold/silver ratio: 68.6 → 70.0.
Gold price chart, October 2016
US dollars per troy ounce · daily closeGold in other currencies, October 2016
| Currency | Change in the month |
|---|---|
| GBP | +3.9% |
| TRY | +1.5% |
| JPY | +1.2% |
| CHF | +0.1% |
| EUR | +0.1% |
| CAD | −0.2% |
| CNY | −0.4% |
| AUD | −1.7% |
| EGP | −1.8% |
| INR | −2.1% |
| PKR | −2.6% |
| ZAR | −3.0% |
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, October 2016
| Asset | Change (USD) |
|---|---|
| Gold | −2.0% |
| Silver | −3.9% |
| Bitcoin | +15.0% |
| S&P 500 (with dividends) | −1.8% |
| US inflation (CPI, month) | +0.12% |
| Gold, year to date (end of October) | +21.3% |
| Gold/silver ratio | 68.6 → 70.0 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, October 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 |
|---|---|---|---|---|---|
| Oct 2Sun | $1,309.00 | −0.33% | $42.09 | ₹28,006 | AED 154.54 |
| Oct 3Mon | $1,266.30 | −3.26% | $40.71 | ₹27,025 | AED 149.50 |
| Oct 4Tue | $1,265.20 | −0.09% | $40.68 | ₹27,082 | AED 149.40 |
| Oct 5Wed | $1,249.80 | −1.22% | $40.18 | ₹26,746 | AED 147.55 |
| Oct 6Thu | $1,248.90 | −0.07% | $40.15 | ₹26,777 | AED 147.45 |
| Oct 7Fri | $1,248.90 | 0.00% | $40.15 | ₹26,777 | AED 147.45 |
| Oct 10Mon | $1,253.00 | +0.33% | $40.28 | ₹26,783 | AED 147.93 |
| Oct 11Tue | $1,251.10 | −0.15% | $40.22 | ₹26,869 | AED 147.70 |
| Oct 12Wed | $1,255.00 | +0.31% | $40.35 | ₹26,961 | AED 148.16 |
| Oct 13Thu | $1,253.10 | −0.15% | $40.29 | ₹26,906 | AED 147.94 |
| Oct 14Fri | $1,253.10 | 0.00% | $40.29 | ₹26,906 | AED 147.94 |
| Oct 16Sun | $1,254.40 | +0.10% | $40.33 | ₹26,902 | AED 148.09 |
| Oct 17Mon | $1,260.80 | +0.51% | $40.54 | ₹27,071 | AED 148.85 |
| Oct 18Tue | $1,267.90 | +0.56% | $40.76 | ₹27,205 | AED 149.69 |
| Oct 19Wed | $1,265.60 | −0.18% | $40.69 | ₹27,114 | AED 149.42 |
| Oct 20Thu | $1,265.90 | +0.02% | $40.70 | ₹27,204 | AED 149.45 |
| Oct 21Fri | $1,265.90 | 0.00% | $40.70 | ₹27,204 | AED 149.45 |
| Oct 23Sun | $1,262.00 | −0.31% | $40.57 | ₹27,149 | AED 148.99 |
| Oct 24Mon | $1,271.90 | +0.78% | $40.89 | ₹27,330 | AED 150.16 |
| Oct 25Tue | $1,264.80 | −0.56% | $40.66 | ₹27,156 | AED 149.32 |
| Oct 26Wed | $1,267.90 | +0.25% | $40.76 | ₹27,256 | AED 149.68 |
| Oct 27Thu | $1,275.50 | +0.60% | $41.01 | ₹27,436 | AED 150.58 |
| Oct 28Fri | $1,275.50 | 0.00% | $41.01 | ₹27,436 | AED 150.58 |
| Oct 30Sun | $1,271.50 | −0.31% | $40.88 | ₹27,350 | AED 150.11 |
| Oct 31Mon | $1,286.40 | +1.17% | $41.36 | ₹27,620 | AED 151.87 |
How October usually goes for gold
In the 20 years from 2006 to 2025, gold rose in October 13 times out of 20, with an average move of +0.5% and a median of +2.1%. Every October since 1971 →
Gold in October 2016: FAQ
What was the price of gold in October 2016?
Gold traded between $1,248.90 and $1,309.00 per troy ounce (daily closes) in October 2016, averaging $1,264.38. It closed the month at $1,286.40.
How much did gold go down in October 2016?
Gold fell 2.0%, from $1,313.30 to $1,286.40. The biggest daily rise was +1.2% on October 31, 2016 and the biggest fall −3.3% on October 3, 2016.
What was the gold price on October 2, 2016?
Gold closed at $1,309.00 per troy ounce on October 2, 2016, the first trading day of the month. 24K India, ₹ per 10 g: ₹28,006.
Is October usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in October 13 times out of 20, with an average move of +0.5% and a median of +2.1%. Past seasonal patterns are not a reliable guide to any single year.
How much did gold change in rupees in October 2016?
Gold fell 2.1% in Indian rupee terms in October 2016, compared with −2.0% in US dollars.
Did gold beat stocks in October 2016?
No. Gold was −2.0% for the month, against −1.8% for the S&P 500 with dividends.
Did gold keep up with inflation in October 2016?
US consumer prices (CPI) changed +0.12% in October, so gold's real (inflation-adjusted) change was about −2.2%.
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{corgano2026goldpriceinoctober, author = {{Corgano}}, title = {Gold Price in October 2016}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2016/october}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-11-01}}