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Gold's highest closing price on record
Gold closed at $792.00 per troy ounce on 1 October 2007, up $49.20 (6.62%) from the previous close of $742.80.
Notable session: moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $598.60, making this a +32.31% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $792.00 per troy ounce on 1 October 2007. That is $49.20 higher than the previous close of $742.80, a move of 6.62%.
The gold price rose on 1 October 2007, gaining $49.20 (6.62%) against the previous session's close of $742.80.
At $792.00 per troy ounce, one gram of pure gold was worth about $25.46 on 1 October 2007. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 October 2007 18k gold was worth about $19.10 per gram and 14k about $14.85 per gram, against $25.46 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 55.1 on 1 October 2007, meaning one ounce of gold was worth roughly 55.1 ounces of silver.
A week before 1 October 2007, gold was around $742.80 per troy ounce, so the close of $792.00 is a gain of 6.6% over the week.
A month before 1 October 2007, gold was around $742.80 per troy ounce, so the close of $792.00 is a gain of 6.6% over the month.
A year before 1 October 2007, gold was around $598.60 per troy ounce. The close of $792.00 therefore represents a rise of 32.3% over twelve months.