Distance from the record
This close sat 8.28% 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 May 2007, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 23 March 2007
Gold closed at $660.20 per troy ounce on 16 May 2007, down $12.80 (1.90%) from the previous close of $673.00.
Gold moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
This close sat 8.28% 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 $691.50, making this a -4.53% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $660.20 per troy ounce on 16 May 2007. That is $12.80 lower than the previous close of $673.00, a move of -1.90%.
The gold price fell on 16 May 2007, losing $12.80 (1.90%) against the previous session's close of $673.00.
At $660.20 per troy ounce, one gram of pure gold was worth about $21.23 on 16 May 2007. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 May 2007 18k gold was worth about $15.92 per gram and 14k about $12.38 per gram, against $21.23 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 51.4 on 16 May 2007, meaning one ounce of gold was worth roughly 51.4 ounces of silver.
A week before 16 May 2007, gold was around $680.30 per troy ounce, so the close of $660.20 is a loss of 3.0% over the week.
It closed 8.28% below the highest close on record up to that date, which was set on 2006-05-11.