Distance from the record
This close sat 6.84% below the highest gold close recorded up to that date, set on 2006-05-11.
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This page is a historical record of the gold price in 11 May 2007, not the current price.See today's gold price (11 September 2026)
Gold closed at $670.60 per troy ounce on 11 May 2007, up $5.500 (0.83%) from the previous close of $665.10.
This close sat 6.84% below the highest gold close recorded up to that date, set on 2006-05-11.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $719.80, making this a -6.84% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $670.60 per troy ounce on 11 May 2007. That is $5.50 higher than the previous close of $665.10, a move of 0.83%.
The gold price rose on 11 May 2007, gaining $5.50 (0.83%) against the previous session's close of $665.10.
At $670.60 per troy ounce, one gram of pure gold was worth about $21.56 on 11 May 2007. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 11 May 2007 18k gold was worth about $16.17 per gram and 14k about $12.58 per gram, against $21.56 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 50.8 on 11 May 2007, meaning one ounce of gold was worth roughly 50.8 ounces of silver.
A week before 11 May 2007, gold was around $687.20 per troy ounce, so the close of $670.60 is a loss of 2.4% over the week.
It closed 6.84% below the highest close on record up to that date, which was set on 2006-05-11.