Distance from the record
This close sat 8.74% 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 17 August 2007, not the current price.See today's gold price (11 September 2026)
Gold closed at $656.90 per troy ounce on 17 August 2007, up $8.600 (1.33%) from the previous close of $648.30.
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 8.74% 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 $615.40, making this a +6.74% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $656.90 per troy ounce on 17 August 2007. That is $8.60 higher than the previous close of $648.30, a move of 1.33%.
The gold price rose on 17 August 2007, gaining $8.60 (1.33%) against the previous session's close of $648.30.
At $656.90 per troy ounce, one gram of pure gold was worth about $21.12 on 17 August 2007. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 17 August 2007 18k gold was worth about $15.84 per gram and 14k about $12.32 per gram, against $21.12 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 55.8 on 17 August 2007, meaning one ounce of gold was worth roughly 55.8 ounces of silver.
It closed 8.74% below the highest close on record up to that date, which was set on 2006-05-11.