Is there any tool available that can tell me the balance of bitcoin address on specific date? Is there any tool available that can tell me the balance of bitcoin address on specific date?

Like, what was the balance of 1XXXXXX on Jan 1st 2016?

Looked up insight: seems not available.
Blockchain.info does provide this information on their explorer.    

Just update the address property in the below with the bitcoin address you are interested in.

https://blockchain.info/charts/balance?address=SOME_BTC_ADDRESS

The default provides balance(available UTXOs) based on time when a transaction took place over last 365 days, there's a button on the bottom to change it to a different time frame.

Or if you're looking for JSON data you can add &amp;format=json to the end and it will respond with two co-ordinates. 

X is the unix time.
Y is the balance of the address at the corresponding unix time.  

For example https://blockchain.info/charts/balance?address=1BitcoinEaterAddressDontSendf59kuE&amp;format=json responds with the balance where a transaction took place for last 365 days. 

{"values" : [{ "x" : 1483998356, "y" : 13.12051013},{ "x" : 1482362680, "y" :
 13.11998881},{ "x" : 1480453296, "y" : 13.11997881},{ "x" : 1480217126, "y" :
 13.11987875},{ "x" : 1477953227, "y" : 13.11982404},{ "x" : 1476234141, "y" :
 13.11979674},{ "x" : 1472565544, "y" : 13.11951574},{ "x" : 1470980969, "y" :
 13.11751574},{ "x" : 1470680539, "y" : 13.11748574},{ "x" : 1470675058, "y" :
 13.11648574},{ "x" : 1470260254, "y" : 13.11638574},{ "x" : 1470246802, "y" :
 13.11581574},{ "x" : 1470230981, "y" : 13.11571574},{ "x" : 1466255060, "y" :
 3.11571574},{ "x" : 1465951449, "y" : 2.11571574},{ "x" : 1465950879, "y" :
 2.11561574},{ "x" : 1463520753, "y" : 2.11551574},{ "x" : 1463304458, "y" :
 2.11548419},{ "x" : 1462364446, "y" : 2.10759509},{ "x" : 1461775576, "y" :
 2.10747509},{ "x" : 1459038191, "y" : 2.10744509},{ "x" : 1459038191, "y" :
 2.10739079},{ "x" : 1459038191, "y" : 2.10733649},{ "x" : 1457638515, "y" : 
2.10728219},{ "x" : 1457590678, "y" : 2.10727673},{ "x" : 1457365022, "y" : 
2.10687673},{ "x" : 1453607377, "y" : 2.10637673},{ "x" : 1453607377, "y" : 
2.10632243},{ "x" : 1452802805, "y" : 2.10626813}]}