Distance from the record
This close sat 5.93% below the highest gold close recorded up to that date, set on 2007-11-08.
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This page is a historical record of the gold price in 16 November 2007, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 1 November 2007
Gold closed at $785.70 per troy ounce on 16 November 2007, down $0.200 (0.03%) from the previous close of $785.90.
Gold barely moved, closing within 0.03% 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 5.93% below the highest gold close recorded up to that date, set on 2007-11-08.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $620.60, making this a +26.60% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $785.70 per troy ounce on 16 November 2007. That is $0.20 lower than the previous close of $785.90, a move of -0.03%.
The gold price fell on 16 November 2007, losing $0.20 (0.03%) against the previous session's close of $785.90.
At $785.70 per troy ounce, one gram of pure gold was worth about $25.26 on 16 November 2007. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 November 2007 18k gold was worth about $18.95 per gram and 14k about $14.74 per gram, against $25.26 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 54.2 on 16 November 2007, meaning one ounce of gold was worth roughly 54.2 ounces of silver.
A week before 16 November 2007, gold was around $832.50 per troy ounce, so the close of $785.70 is a loss of 5.6% over the week.
A year before 16 November 2007, gold was around $620.60 per troy ounce. The close of $785.70 therefore represents a rise of 26.6% over twelve months.
It closed 5.93% below the highest close on record up to that date, which was set on 2007-11-08.