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Gold's highest closing price on record
Gold closed at $834.90 per troy ounce on 1 December 2007, up $52.70 (6.74%) from the previous close of $782.20.
Notable session: highest close of the year; moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $635.20, making this a +31.44% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $834.90 per troy ounce on 1 December 2007. That is $52.70 higher than the previous close of $782.20, a move of 6.74%.
The gold price rose on 1 December 2007, gaining $52.70 (6.74%) against the previous session's close of $782.20.
At $834.90 per troy ounce, one gram of pure gold was worth about $26.84 on 1 December 2007. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 December 2007 18k gold was worth about $20.13 per gram and 14k about $15.66 per gram, against $26.84 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 56.4 on 1 December 2007, meaning one ounce of gold was worth roughly 56.4 ounces of silver.
A week before 1 December 2007, gold was around $782.20 per troy ounce, so the close of $834.90 is a gain of 6.7% over the week.
A month before 1 December 2007, gold was around $782.20 per troy ounce, so the close of $834.90 is a gain of 6.7% over the month.
A year before 1 December 2007, gold was around $635.20 per troy ounce. The close of $834.90 therefore represents a rise of 31.4% over twelve months.