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Gold's highest closing price on record
Gold closed at $673.00 per troy ounce on 1 August 2007, up $24.90 (3.84%) from the previous close of $648.10.
Notable session: moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $625.90, making this a +7.53% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $673.00 per troy ounce on 1 August 2007. That is $24.90 higher than the previous close of $648.10, a move of 3.84%.
The gold price rose on 1 August 2007, gaining $24.90 (3.84%) against the previous session's close of $648.10.
At $673.00 per troy ounce, one gram of pure gold was worth about $21.64 on 1 August 2007. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 August 2007 18k gold was worth about $16.23 per gram and 14k about $12.62 per gram, against $21.64 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 55.8 on 1 August 2007, meaning one ounce of gold was worth roughly 55.8 ounces of silver.
A week before 1 August 2007, gold was around $648.10 per troy ounce, so the close of $673.00 is a gain of 3.8% over the week.
A month before 1 August 2007, gold was around $648.10 per troy ounce, so the close of $673.00 is a gain of 3.8% over the month.
A year before 1 August 2007, gold was around $625.90 per troy ounce. The close of $673.00 therefore represents a rise of 7.5% over twelve months.