Distance from the record
This close sat 10.88% below the highest gold close recorded up to that date, set on 2006-05-11.
Loading…
This page is a historical record of the gold price in 2 March 2007, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 22 January 2007
Gold closed at $641.50 per troy ounce on 2 March 2007, down $21.50 (3.24%) from the previous close of $663.00.
Notable session: moved more than 3% in a session.
Gold lost 3.24% 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 10.88% 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 $568.20, making this a +12.90% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $641.50 per troy ounce on 2 March 2007. That is $21.50 lower than the previous close of $663.00, a move of -3.24%.
The gold price fell on 2 March 2007, losing $21.50 (3.24%) against the previous session's close of $663.00.
At $641.50 per troy ounce, one gram of pure gold was worth about $20.62 on 2 March 2007. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 2 March 2007 18k gold was worth about $15.47 per gram and 14k about $12.03 per gram, against $20.62 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 49.9 on 2 March 2007, meaning one ounce of gold was worth roughly 49.9 ounces of silver.
A week before 2 March 2007, gold was around $683.10 per troy ounce, so the close of $641.50 is a loss of 6.1% over the week.
A year before 2 March 2007, gold was around $568.20 per troy ounce. The close of $641.50 therefore represents a rise of 12.9% over twelve months.
This close was session 4 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 10.88% below the highest close on record up to that date, which was set on 2006-05-11.