Distance from the record
This close sat 9.93% 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 16 August 2007, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 29 June 2007
Gold closed at $648.30 per troy ounce on 16 August 2007, down $20.60 (3.08%) from the previous close of $668.90.
Notable session: lowest close of the month; moved more than 3% in a session.
Gold lost 3.08% in one session, far more than a normal day's range. Falls this size rarely happen in isolation — the days on either side give the move its context.
This close sat 9.93% 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 $628.70, making this a +3.12% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $648.30 per troy ounce on 16 August 2007. That is $20.60 lower than the previous close of $668.90, a move of -3.08%.
The gold price fell on 16 August 2007, losing $20.60 (3.08%) against the previous session's close of $668.90.
At $648.30 per troy ounce, one gram of pure gold was worth about $20.84 on 16 August 2007. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 August 2007 18k gold was worth about $15.63 per gram and 14k about $12.16 per gram, against $20.84 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 56.5 on 16 August 2007, meaning one ounce of gold was worth roughly 56.5 ounces of silver.
It closed 9.93% below the highest close on record up to that date, which was set on 2006-05-11.