Highest so far that week
This was the strongest close of the week up to that point.
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This page is a historical record of the gold price in 12 March 2007, not the current price.See today's gold price (11 September 2026)
Gold closed at $648.40 per troy ounce on 12 March 2007, down $1.600 (0.25%) from the previous close of $650.00.
This was the strongest close of the week up to that point.
This close sat 9.92% 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 $539.90, making this a +20.10% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $648.40 per troy ounce on 12 March 2007. That is $1.60 lower than the previous close of $650.00, a move of -0.25%.
The gold price fell on 12 March 2007, losing $1.60 (0.25%) against the previous session's close of $650.00.
At $648.40 per troy ounce, one gram of pure gold was worth about $20.85 on 12 March 2007. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 12 March 2007 18k gold was worth about $15.63 per gram and 14k about $12.16 per gram, against $20.85 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 49.9 on 12 March 2007, meaning one ounce of gold was worth roughly 49.9 ounces of silver.
A year before 12 March 2007, gold was around $539.90 per troy ounce. The close of $648.40 therefore represents a rise of 20.1% over twelve months.
It closed 9.92% below the highest close on record up to that date, which was set on 2006-05-11.