Distance from the record
This close sat 10.23% 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 2 February 2007, not the current price.See today's gold price (11 September 2026)
Gold falls 3.5% in a single session
Gold closed at $646.20 per troy ounce on 2 February 2007, down $23.20 (3.47%) from the previous close of $669.40.
Notable session: lowest close of the month; moved more than 3% in a session.
Gold lost 3.47% 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 10.23% 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 $572.50, making this a +12.87% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $646.20 per troy ounce on 2 February 2007. That is $23.20 lower than the previous close of $669.40, a move of -3.47%.
The gold price fell on 2 February 2007, losing $23.20 (3.47%) against the previous session's close of $669.40.
At $646.20 per troy ounce, one gram of pure gold was worth about $20.78 on 2 February 2007. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 2 February 2007 18k gold was worth about $15.58 per gram and 14k about $12.12 per gram, against $20.78 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 48.5 on 2 February 2007, meaning one ounce of gold was worth roughly 48.5 ounces of silver.
A year before 2 February 2007, gold was around $572.50 per troy ounce. The close of $646.20 therefore represents a rise of 12.9% over twelve months.
It closed 10.23% below the highest close on record up to that date, which was set on 2006-05-11.