Gold price in March 2016: daily prices, high, low and change
Gold closed March 2016 at $1,234.20 an ounce, up 0.02% on the month. The highest close was $1,272.00 on 10 Mar and the lowest $1,219.90 on 28 Mar. Every trading day below, with ranks and context computed from COMEX data.
Gold price chart, March 2016 (daily close and high-low range, US$ per ounce)
Gold line = daily settlement; bars = intraday high to low where available; dashed line = February 2016 close ($1,233.90).
Daily gold prices in March 2016 (22 trading days)
| Date | Open | High | Low | Close | Change | % change |
|---|---|---|---|---|---|---|
| Tue 1 Mar | $1,240.50 | $1,248.40 | $1,229.00 | $1,230.30 | −$3.60 | −0.29% |
| Wed 2 Mar | $1,232.80 | $1,242.60 | $1,226.00 | $1,241.10 | +$10.80 | +0.88% |
| Thu 3 Mar | $1,238.40 | $1,267.90 | $1,238.00 | $1,257.40 | +$16.30 | +1.31% |
| Fri 4 Mar | $1,263.00 | $1,279.90 | $1,250.90 | $1,269.90 | +$12.50 | +0.99% |
| Mon 7 Mar | $1,259.80 | $1,272.30 | $1,259.70 | $1,263.20 | −$6.70 | −0.53% |
| Tue 8 Mar | $1,268.70 | $1,276.30 | $1,261.00 | $1,262.10 | −$1.10 | −0.09% |
| Wed 9 Mar | $1,254.50 | $1,260.00 | $1,244.80 | $1,256.60 | −$5.50 | −0.44% |
| Thu 10 Mar | $1,250.00 | $1,273.00 | $1,237.50 | $1,272.00 | +$15.40 | +1.23% |
| Fri 11 Mar | $1,270.00 | $1,280.70 | $1,249.40 | $1,258.70 | −$13.30 | −1.05% |
| Mon 14 Mar | $1,256.00 | $1,258.00 | $1,234.50 | $1,244.40 | −$14.30 | −1.14% |
| Tue 15 Mar | $1,228.30 | $1,236.00 | $1,228.00 | $1,230.40 | −$14.00 | −1.13% |
| Wed 16 Mar | $1,229.50 | $1,263.80 | $1,228.90 | $1,229.30 | −$1.10 | −0.09% |
| Thu 17 Mar best day | $1,261.50 | $1,270.10 | $1,255.90 | $1,264.50 | +$35.20 | +2.86% |
| Fri 18 Mar | $1,257.10 | $1,264.40 | $1,251.50 | $1,253.80 | −$10.70 | −0.85% |
| Mon 21 Mar | $1,256.20 | $1,256.20 | $1,243.40 | $1,243.80 | −$10.00 | −0.80% |
| Tue 22 Mar | $1,244.00 | $1,252.40 | $1,243.80 | $1,248.20 | +$4.40 | +0.35% |
| Wed 23 Mar worst day | $1,247.70 | $1,247.70 | $1,218.60 | $1,223.70 | −$24.50 | −1.96% |
| Thu 24 Mar | $1,214.20 | $1,221.40 | $1,214.20 | $1,221.40 | −$2.30 | −0.19% |
| Mon 28 Mar | $1,211.50 | $1,222.20 | $1,210.00 | $1,219.90 | −$1.50 | −0.12% |
| Tue 29 Mar | $1,217.80 | $1,235.60 | $1,217.70 | $1,235.60 | +$15.70 | +1.29% |
| Wed 30 Mar | $1,241.40 | $1,245.00 | $1,223.40 | $1,226.90 | −$8.70 | −0.70% |
| Thu 31 Mar | $1,225.60 | $1,239.60 | $1,224.50 | $1,234.20 | +$7.30 | +0.59% |
Close = COMEX gold futures settlement in US dollars per troy ounce; change is against the previous trading day's close.
Monthly open, high, low and close
| March 2016 | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| Settlements | $1,230.30 | $1,272.00 | $1,219.90 | $1,234.20 | +0.02% |
| Intraday | $1,240.50 | $1,280.70 11 Mar | $1,210.00 28 Mar | $1,234.20 | — |
Settlements: first, highest, lowest and last daily close of the month (the basis used on the 2016 page and the monthly returns heatmap). Intraday: the highest and lowest traded prices in the daily bars.
Source: COMEX gold futures (GC=F) daily settlements and intraday bars via Yahoo Finance; US CPI (FRED CPIAUCSL) for the inflation adjustment; World Bank Pink Sheet for the monthly London average. Figures are final settlements; sources may occasionally revise historical data.
Gold in March 2016: summary
Gold was almost unchanged 0.02% in March 2016, from $1,233.90 at the end of February 2016 to $1,234.20 an ounce. Settlement prices ranged from $1,219.90 on 28 March 2016 to $1,272.00 on 10 March 2016, a spread of $52.10 (4.2%), narrower than the 5.6% average of the previous 12 months. Gold closed higher on 8 of 22 trading days and lower on 14; the strongest session was 17 March 2016 (+2.86%) and the weakest 23 March 2016 (−1.96%).
The $1,272.00 close on 10 March 2016 was gold's highest since 2 February 2015. It was gold's 3rd monthly gain in a row.
How March 2016 compares
- Against other Marches: at +0.02%, March 2016 ranks 12th of 26 Marches since 2001 (best first).
- Against every month: it ranks 176th of 313 months since September 2000, better than 44% of them.
- Range: the gap between the highest and lowest close was $52.10, or 4.2% of the opening level, 0.8× the 5.6% average of the previous 12 months.
- Daily moves: the average day moved 0.86% (up or down), against 0.74% over the previous 12 months, so March 2016 was more volatile than usual.
- Streaks: the longest run of higher closes was 3 days and the longest run of lower closes 4 days.
- Bigger picture: at the month-end close gold was +16.40% for 2016 to the end of March and +4.32% over 12 months (against the March 2015 close of $1,183.10).
- Average price: the mean of the 22 daily closes was $1,244.88; the World Bank's monthly average of the London (LBMA) price was $1,245.00.
Across the other 25 completed Marches since 2001, gold averaged +0.21% and rose in 11 of them (44%). March 2016 lagged that average by 0.2 percentage points. The gold seasonality tool shows the same statistics for every calendar month, and the monthly returns heatmap lays out all Marches side by side.
March 2016 in today's dollars
Adjusted for US consumer-price inflation, the $1,234.20 closing price equals about $1,743 in September 2026 dollars (CPI 238.1 in March 2016 against 336.3 in September 2026, FRED series CPIAUCSL), 41% more than the nominal figure. The gold price history hub restates every year's close on the same basis, and the all-time-high tracker lists every record close in nominal dollars.
Gold price by month in 2016
The gold price in 2016 page has the year's open, high, low and close, and the monthly archive on the gold price history hub explains how these month pages are built.
Frequently asked questions
What was the gold price in March 2016?
Gold closed March 2016 at $1,234.20 an ounce (COMEX settlement). It opened the month at $1,230.30 and averaged $1,244.88 across 22 trading days; the World Bank’s London average for the month was $1,245.00.
Did gold go up in March 2016?
Yes. Gold was up 0.02% in March 2016, from $1,233.90 at the end of February 2016 to $1,234.20. It closed higher on 8 of 22 days. Among Marches since 2001 it ranks 12th of 26 (best first).
What was the highest gold price in March 2016?
The highest close was $1,272.00 on 10 March 2016. The highest intraday price in the daily bars was $1,280.70 on 11 March 2016.
What was the lowest gold price in March 2016?
The lowest close was $1,219.90 on 28 March 2016, $52.10 (4.2%) below the month’s highest close. The lowest intraday price was $1,210.00 on 28 March 2016.
Educational information only, not financial advice and not a forecast. Past prices do not predict future prices. See our risk disclaimer and editorial policy.