Distance from the record
This close sat 9.28% 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 24 May 2007, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 16 March 2007
Gold closed at $653.00 per troy ounce on 24 May 2007, down $8.900 (1.34%) from the previous close of $661.90.
Notable session: lowest close of the month.
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 9.28% 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 $637.00, making this a +2.51% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $653.00 per troy ounce on 24 May 2007. That is $8.90 lower than the previous close of $661.90, a move of -1.34%.
The gold price fell on 24 May 2007, losing $8.90 (1.34%) against the previous session's close of $661.90.
At $653.00 per troy ounce, one gram of pure gold was worth about $20.99 on 24 May 2007. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 24 May 2007 18k gold was worth about $15.75 per gram and 14k about $12.25 per gram, against $20.99 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 50.8 on 24 May 2007, meaning one ounce of gold was worth roughly 50.8 ounces of silver.
It closed 9.28% below the highest close on record up to that date, which was set on 2006-05-11.