Distance from the record
This close sat 1.10% 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 12 September 2007, not the current price.See today's gold price (11 September 2026)
Gold closed at $711.90 per troy ounce on 12 September 2007, down $0.300 (0.04%) from the previous close of $712.20.
Gold barely moved, closing within 0.04% of the previous session. Flat days are the majority of any price series and are most useful as the baseline the notable days are measured against.
This close sat 1.10% 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 $586.90, making this a +21.30% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $711.90 per troy ounce on 12 September 2007. That is $0.30 lower than the previous close of $712.20, a move of -0.04%.
The gold price fell on 12 September 2007, losing $0.30 (0.04%) against the previous session's close of $712.20.
At $711.90 per troy ounce, one gram of pure gold was worth about $22.89 on 12 September 2007. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 12 September 2007 18k gold was worth about $17.17 per gram and 14k about $13.35 per gram, against $22.89 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 56.4 on 12 September 2007, meaning one ounce of gold was worth roughly 56.4 ounces of silver.
A week before 12 September 2007, gold was around $681.70 per troy ounce, so the close of $711.90 is a gain of 4.4% over the week.
A month before 12 September 2007, gold was around $670.30 per troy ounce, so the close of $711.90 is a gain of 6.2% over the month.
A year before 12 September 2007, gold was around $586.90 per troy ounce. The close of $711.90 therefore represents a rise of 21.3% over twelve months.
It closed 1.10% below the highest close on record up to that date, which was set on 2006-05-11.