Gold Price in August 2016
In August 2016, gold fell 3.1%, from $1,349.00 at the end of July to $1,306.90 per troy ounce on August 31, 2016. The highest close was $1,364.40 on August 2, 2016, the lowest $1,306.90 on August 31, 2016, and the average over 23 trading days was $1,337.96. Today's price is 216.2% higher than the August 2016 close.
Gold price chart, August 2016
US dollars per troy ounce · daily closeDaily Gold Prices, August 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 |
|---|---|---|---|---|---|
| Aug 1Mon | $1,351.40 | +0.18% | $43.45 | ₹28,958 | AED 159.53 |
| Aug 2Tue | $1,364.40 | +0.96% | $43.87 | ₹29,281 | AED 161.08 |
| Aug 3Wed | $1,356.10 | −0.61% | $43.60 | ₹29,070 | AED 160.10 |
| Aug 4Thu | $1,358.80 | +0.20% | $43.69 | ₹29,165 | AED 160.42 |
| Aug 5Fri | $1,336.40 | −1.65% | $42.97 | ₹28,719 | AED 157.78 |
| Aug 8Mon | $1,333.40 | −0.22% | $42.87 | ₹28,652 | AED 157.42 |
| Aug 9Tue | $1,339.00 | +0.42% | $43.05 | ₹28,755 | AED 158.08 |
| Aug 10Wed | $1,344.30 | +0.40% | $43.22 | ₹28,864 | AED 158.70 |
| Aug 11Thu | $1,342.50 | −0.13% | $43.16 | ₹28,814 | AED 158.49 |
| Aug 12Fri | $1,335.80 | −0.50% | $42.95 | ₹28,663 | AED 157.74 |
| Aug 15Mon | $1,340.30 | +0.34% | $43.09 | ₹28,828 | AED 158.23 |
| Aug 16Tue | $1,350.50 | +0.76% | $43.42 | ₹29,032 | AED 159.44 |
| Aug 17Wed | $1,342.70 | −0.58% | $43.17 | ₹28,862 | AED 158.52 |
| Aug 18Thu | $1,351.20 | +0.63% | $43.44 | ₹29,065 | AED 159.51 |
| Aug 19Fri | $1,340.40 | −0.80% | $43.09 | ₹28,796 | AED 158.28 |
| Aug 22Mon | $1,337.70 | −0.20% | $43.01 | ₹28,870 | AED 157.93 |
| Aug 23Tue | $1,340.60 | +0.22% | $43.10 | ₹28,959 | AED 158.27 |
| Aug 24Wed | $1,324.40 | −1.21% | $42.58 | ₹28,584 | AED 156.36 |
| Aug 25Thu | $1,320.10 | −0.32% | $42.44 | ₹28,504 | AED 155.85 |
| Aug 26Fri | $1,321.50 | +0.11% | $42.49 | ₹28,469 | AED 156.01 |
| Aug 29Mon | $1,322.90 | +0.11% | $42.53 | ₹28,551 | AED 156.18 |
| Aug 30Tue | $1,311.70 | −0.85% | $42.17 | ₹28,293 | AED 154.86 |
| Aug 31Wed | $1,306.90 | −0.37% | $42.02 | ₹28,205 | AED 154.29 |
How August usually goes for gold
In the 20 years from 2006 to 2025, gold rose in August 13 times out of 20, with an average move of +1.9% and a median of +0.9%.
Gold in August 2016: FAQ
What was the price of gold in August 2016?
Gold traded between $1,306.90 and $1,364.40 per troy ounce (daily closes) in August 2016, averaging $1,337.96. It closed the month at $1,306.90.
How much did gold go down in August 2016?
Gold fell 3.1%, from $1,349.00 to $1,306.90. The biggest daily rise was +1.0% on August 2, 2016 and the biggest fall −1.6% on August 5, 2016.
What was the gold price on August 1, 2016?
Gold closed at $1,351.40 per troy ounce on August 1, 2016, the first trading day of the month. 24K India, ₹ per 10 g: ₹28,958.
Is August usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in August 13 times out of 20, with an average move of +1.9% and a median of +0.9%. Past seasonal patterns are not a reliable guide to any single year.