Gold Price in 2016
In 2016, the price of gold averaged $1,251 per troy ounce, up 7.8% from the year before. This page covers the 2016 average, high, low, and year-end close, the events that moved the market, and what that gold would be worth in today's dollars.
2016 Average
$1,251
LBMA annual average, USD/oz
Change vs 2015
+7.8%
from $1,160 in 2015
2016 High
$1,375
from daily trading data
2016 Low
$1,061
from daily trading data
Year-End Close
$1,152
last trading day of 2016
Gold Price Chart, 2005 to 2025
Gold Price by Month in 2016
Each month's average of daily closing prices, with its high and low, per troy ounce. These come from MetalCharts daily spot data, so they can differ slightly from the annual average above, which is based on LBMA annual average data.
| Month | Average | High | Low |
|---|---|---|---|
| January 2016 | $1,098 | $1,128 | $1,061 |
| February 2016 | $1,201 | $1,263 | $1,116 |
| March 2016 | $1,245 | $1,285 | $1,208 |
| April 2016 | $1,242 | $1,297 | $1,209 |
| May 2016 | $1,256 | $1,304 | $1,200 |
| June 2016 | $1,276 | $1,359 | $1,206 |
| July 2016 | $1,340 | $1,375 | $1,311 |
| August 2016 | $1,339 | $1,367 | $1,304 |
| September 2016 | $1,326 | $1,353 | $1,303 |
| October 2016 | $1,266 | $1,320 | $1,242 |
| November 2016 | $1,234 | $1,337 | $1,170 |
| December 2016 | $1,151 | $1,188 | $1,123 |
What happened to the gold price in 2016
Gold averaged $1,251 per troy ounce in 2016, up 7.8% from $1,160 the year before. Daily trading data shows gold moved between a low of $1,061 and a high of $1,375 during the year, ending 2016 at $1,152. The notable development of 2016: Brexit vote.
The 2010s split into two very different halves. Quantitative easing and the European debt crisis drove gold to $1,921 in September 2011, then a multi-year correction set in as the Fed tapered and raised rates, before rate cuts and trade tensions revived the metal late in the decade.
Adjusted for inflation, gold's 2016 average of $1,251 equals about $1,680 in today's dollars. The conversion uses US Bureau of Labor Statistics CPI-U annual averages, so treat it as a close approximation rather than an exact figure.
Frequently Asked Questions
What was the price of gold in 2016?
What is a 2016 gold price worth in today's dollars?
What moved the gold price in 2016?
Annual averages are LBMA prices per troy ounce in US dollars. Where shown, the yearly high, low, and close come from MetalCharts daily historical data and may differ slightly from figures published elsewhere. Inflation adjustments use BLS CPI-U annual averages.