Distance from the record
This close sat 10.96% 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 14 March 2007, not the current price.See today's gold price (11 September 2026)
Gold closed at $640.90 per troy ounce on 14 March 2007, down $6.700 (1.03%) from the previous close of $647.60.
This close extended a run of 4 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 10.96% 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 $551.70, making this a +16.17% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $640.90 per troy ounce on 14 March 2007. That is $6.70 lower than the previous close of $647.60, a move of -1.03%.
The gold price fell on 14 March 2007, losing $6.70 (1.03%) against the previous session's close of $647.60.
At $640.90 per troy ounce, one gram of pure gold was worth about $20.61 on 14 March 2007. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 14 March 2007 18k gold was worth about $15.45 per gram and 14k about $12.02 per gram, against $20.61 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 50.3 on 14 March 2007, meaning one ounce of gold was worth roughly 50.3 ounces of silver.
A year before 14 March 2007, gold was around $551.70 per troy ounce. The close of $640.90 therefore represents a rise of 16.2% over twelve months.
This close was session 4 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 10.96% below the highest close on record up to that date, which was set on 2006-05-11.