Gold Price in October 2016
In October 2016, gold fell 3.2%, from $1,313.30 at the end of September to $1,271.50 per troy ounce on October 31, 2016. The highest close was $1,309.00 on October 3, 2016, the lowest $1,248.90 on October 7, 2016, and the average over 20 trading days was $1,263.98. Today's price is 216.7% higher than the October 2016 close.
Gold price chart, October 2016
US dollars per troy ounce · daily closeDaily Gold Prices, October 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 |
|---|---|---|---|---|---|
| Oct 3Mon | $1,309.00 | −0.33% | $42.09 | ₹28,006 | AED 154.54 |
| Oct 4Tue | $1,266.30 | −3.26% | $40.71 | ₹27,025 | AED 149.50 |
| Oct 5Wed | $1,265.20 | −0.09% | $40.68 | ₹27,082 | AED 149.40 |
| Oct 6Thu | $1,249.80 | −1.22% | $40.18 | ₹26,746 | AED 147.55 |
| Oct 7Fri | $1,248.90 | −0.07% | $40.15 | ₹26,777 | AED 147.45 |
| Oct 11Tue | $1,253.00 | +0.33% | $40.28 | ₹26,783 | AED 147.93 |
| Oct 12Wed | $1,251.10 | −0.15% | $40.22 | ₹26,869 | AED 147.70 |
| Oct 13Thu | $1,255.00 | +0.31% | $40.35 | ₹26,961 | AED 148.16 |
| Oct 14Fri | $1,253.10 | −0.15% | $40.29 | ₹26,906 | AED 147.94 |
| Oct 17Mon | $1,254.40 | +0.10% | $40.33 | ₹26,902 | AED 148.09 |
| Oct 18Tue | $1,260.80 | +0.51% | $40.54 | ₹27,071 | AED 148.85 |
| Oct 19Wed | $1,267.90 | +0.56% | $40.76 | ₹27,205 | AED 149.69 |
| Oct 20Thu | $1,265.60 | −0.18% | $40.69 | ₹27,114 | AED 149.42 |
| Oct 21Fri | $1,265.90 | +0.02% | $40.70 | ₹27,204 | AED 149.45 |
| Oct 24Mon | $1,262.00 | −0.31% | $40.57 | ₹27,149 | AED 148.99 |
| Oct 25Tue | $1,271.90 | +0.78% | $40.89 | ₹27,330 | AED 150.16 |
| Oct 26Wed | $1,264.80 | −0.56% | $40.66 | ₹27,156 | AED 149.32 |
| Oct 27Thu | $1,267.90 | +0.25% | $40.76 | ₹27,256 | AED 149.68 |
| Oct 28Fri | $1,275.50 | +0.60% | $41.01 | ₹27,436 | AED 150.58 |
| Oct 31Mon | $1,271.50 | −0.31% | $40.88 | ₹27,300 | AED 150.11 |
How October usually goes for gold
In the 20 years from 2006 to 2025, gold rose in October 12 times out of 20, with an average move of +0.6% and a median of +1.6%.
Gold in October 2016: FAQ
What was the price of gold in October 2016?
Gold traded between $1,248.90 and $1,309.00 per troy ounce (daily closes) in October 2016, averaging $1,263.98. It closed the month at $1,271.50.
How much did gold go down in October 2016?
Gold fell 3.2%, from $1,313.30 to $1,271.50. The biggest daily rise was +0.8% on October 25, 2016 and the biggest fall −3.3% on October 4, 2016.
What was the gold price on October 3, 2016?
Gold closed at $1,309.00 per troy ounce on October 3, 2016, the first trading day of the month. 24K India, ₹ per 10 g: ₹28,006.
Is October usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in October 12 times out of 20, with an average move of +0.6% and a median of +1.6%. Past seasonal patterns are not a reliable guide to any single year.