Gold Price in September 2016
In September 2016, gold rose 0.1%, from $1,312.20 at the end of August to $1,313.30 per troy ounce on September 30, 2016. The highest close was $1,349.40 on September 5, 2016, the lowest $1,305.80 on September 15, 2016, and the average over 25 trading days was $1,324.95. Today's price is 195.2% higher than the September 2016 close.
Gold ended September higher. What usually happens in October after a higher September →
- Gold rose 0.1% in US dollars in September 2016, leaving it up 23.9% for the year to date.
- Measured in other currencies, the change ranged from −5.1% in ZAR to +1.4% in TRY, because exchange rates moved too.
- It did better than US stocks (0.0%), and worse than silver (+1.5%) and bitcoin (+6.0%).
- It closed higher on 9 trading days and lower on 11, with an average daily move of 0.47%.
- At the end of the month it was 30.5% below its highest close since 2000.
- Gold/silver ratio: 69.6 → 68.6.
Gold price chart, September 2016
US dollars per troy ounce · daily closeGold in other currencies, September 2016
| Currency | Change in the month |
|---|---|
| TRY | +1.4% |
| GBP | +1.4% |
| CAD | +0.4% |
| PKR | +0.1% |
| CNY | 0.0% |
| EGP | −0.1% |
| INR | −0.2% |
| EUR | −0.4% |
| AUD | −1.3% |
| CHF | −1.7% |
| JPY | −2.0% |
| ZAR | −5.1% |
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, September 2016
| Asset | Change (USD) |
|---|---|
| Gold | +0.1% |
| Silver | +1.5% |
| Bitcoin | +6.0% |
| S&P 500 (with dividends) | 0.0% |
| US inflation (CPI, month) | +0.24% |
| Gold, year to date (end of September) | +23.9% |
| Gold/silver ratio | 69.6 → 68.6 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, September 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 |
|---|---|---|---|---|---|
| Sep 1Thu | $1,322.10 | +0.75% | $42.51 | ₹28,391 | AED 156.08 |
| Sep 2Fri | $1,322.10 | 0.00% | $42.51 | ₹28,391 | AED 156.08 |
| Sep 5Mon | $1,349.40 | +2.06% | $43.38 | ₹28,833 | AED 159.31 |
| Sep 6Tue | $1,344.30 | −0.38% | $43.22 | ₹28,636 | AED 158.71 |
| Sep 7Wed | $1,336.80 | −0.56% | $42.98 | ₹28,569 | AED 157.82 |
| Sep 8Thu | $1,330.10 | −0.50% | $42.76 | ₹28,416 | AED 157.03 |
| Sep 9Fri | $1,330.10 | 0.00% | $42.76 | ₹28,416 | AED 157.03 |
| Sep 11Sun | $1,321.00 | −0.68% | $42.47 | ₹28,361 | AED 155.96 |
| Sep 12Mon | $1,319.00 | −0.15% | $42.41 | ₹28,295 | AED 155.76 |
| Sep 13Tue | $1,321.50 | +0.19% | $42.49 | ₹28,464 | AED 156.02 |
| Sep 14Wed | $1,313.50 | −0.61% | $42.23 | ₹28,192 | AED 155.07 |
| Sep 15Thu | $1,305.80 | −0.59% | $41.98 | ₹28,065 | AED 154.16 |
| Sep 16Fri | $1,305.80 | 0.00% | $41.98 | ₹28,065 | AED 154.16 |
| Sep 18Sun | $1,313.50 | +0.59% | $42.23 | ₹28,322 | AED 155.07 |
| Sep 19Mon | $1,313.70 | +0.02% | $42.24 | ₹28,279 | AED 155.13 |
| Sep 20Tue | $1,326.90 | +1.00% | $42.66 | ₹28,572 | AED 156.69 |
| Sep 21Wed | $1,340.40 | +1.02% | $43.09 | ₹28,771 | AED 158.25 |
| Sep 22Thu | $1,337.20 | −0.24% | $42.99 | ₹28,642 | AED 157.87 |
| Sep 23Fri | $1,337.20 | 0.00% | $42.99 | ₹28,642 | AED 157.87 |
| Sep 25Sun | $1,339.70 | +0.19% | $43.07 | ₹28,728 | AED 158.17 |
| Sep 26Mon | $1,325.90 | −1.03% | $42.63 | ₹28,393 | AED 156.53 |
| Sep 27Tue | $1,319.40 | −0.49% | $42.42 | ₹28,184 | AED 155.77 |
| Sep 28Wed | $1,321.70 | +0.17% | $42.49 | ₹28,187 | AED 156.03 |
| Sep 29Thu | $1,313.30 | −0.64% | $42.22 | ₹28,212 | AED 155.04 |
| Sep 30Fri | $1,313.30 | 0.00% | $42.22 | ₹28,212 | AED 155.04 |
How September usually goes for gold
In the 20 years from 2006 to 2025, gold rose in September 8 times out of 20, with an average move of 0.0% and a median of −2.2%. Every September since 1971 →
Gold in September 2016: FAQ
What was the price of gold in September 2016?
Gold traded between $1,305.80 and $1,349.40 per troy ounce (daily closes) in September 2016, averaging $1,324.95. It closed the month at $1,313.30.
How much did gold go up in September 2016?
Gold rose 0.1%, from $1,312.20 to $1,313.30. The biggest daily rise was +2.1% on September 5, 2016 and the biggest fall −1.0% on September 26, 2016.
What was the gold price on September 1, 2016?
Gold closed at $1,322.10 per troy ounce on September 1, 2016, the first trading day of the month. 24K India, ₹ per 10 g: ₹28,391.
Is September usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in September 8 times out of 20, with an average move of 0.0% and a median of −2.2%. Past seasonal patterns are not a reliable guide to any single year.
How much did gold change in rupees in September 2016?
Gold fell 0.2% in Indian rupee terms in September 2016, compared with +0.1% in US dollars.
Did gold beat stocks in September 2016?
Yes. Gold was +0.1% for the month, against 0.0% for the S&P 500 with dividends.
Did gold keep up with inflation in September 2016?
US consumer prices (CPI) changed +0.24% in September, so gold's real (inflation-adjusted) change was about −0.2%.
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{corgano2026goldpriceinseptember, author = {{Corgano}}, title = {Gold Price in September 2016}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2016/september}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-11-01}}