Gold in 2016 at a glance
| Average price per ounce | $1,251 |
| Average price per gram | $40.22 |
| Approx. low / high | $1,060 / $1,375 |
| Change vs previous year (average) | +7.8% |
| Average silver price | $17.10 |
| Gold/silver ratio | 73 |
| Change from 2016 average to today | — |
What moved gold in 2016
A strong first half driven by negative rates in Europe and Japan and the Brexit vote, followed by a sell-off after the US election.
An investor who bought one ounce at the 2016 average of $1,251 would hold metal worth — today — a change of —. Annual averages smooth out daily swings, so the price on any single day of 2016 could have been up to $124 higher or $191 lower than the average.
Figures are rounded approximations based on LBMA daily prices, for context only.
Gold price 2016 – FAQ
What was the average gold price in 2016?
The average gold price in 2016 was about $1,251 per troy ounce, or roughly $40.22 per gram, based on rounded LBMA daily fixes.
What were the highest and lowest gold prices in 2016?
Gold traded between roughly $1,060 and $1,375 per ounce during 2016.
Did gold go up in 2016?
On an annual-average basis gold was up about 7.8% in 2016 compared with 2015 ($1,160).
What happened to gold in 2016?
A strong first half driven by negative rates in Europe and Japan and the Brexit vote, followed by a sell-off after the US election.
How much was 10 grams of 24k gold in 2016?
At the 2016 average, 10 grams of pure gold were worth about $402 in US dollars, and 10 grams of 22k gold about $368.