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

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?

Gold averaged $1,251 per troy ounce in 2016, based on LBMA annual average data. Daily prices ranged from a low of $1,061 to a high of $1,375, and the year closed at $1,152. That average was up 7.8% from $1,160 in 2015.

What is a 2016 gold price worth in today's dollars?

Adjusted with the US Consumer Price Index, gold's 2016 average of $1,251 works out to roughly $1,680 in today's dollars, using 2025 as the CPI base year. The conversion uses BLS CPI-U annual averages, so treat it as a close approximation rather than an exact figure.

What moved the gold price in 2016?

The defining story of 2016: Brexit vote. Against that backdrop, the annual average climbed 7.8%, from $1,160 in 2015 to $1,251.

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.