Highest so far that week
This was the strongest close of the week up to that point.
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This page is a historical record of the gold price in 31 August 2007, not the current price.See today's gold price (11 September 2026)
Highest closing price since 8 August 2007
Gold closed at $673.00 per troy ounce on 31 August 2007, up $8.000 (1.20%) from the previous close of $665.00.
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 was the strongest close of the week up to that point.
This close sat 6.50% 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 $625.90, making this a +7.53% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $673.00 per troy ounce on 31 August 2007. That is $8.00 higher than the previous close of $665.00, a move of 1.20%.
The gold price rose on 31 August 2007, gaining $8.00 (1.20%) against the previous session's close of $665.00.
At $673.00 per troy ounce, one gram of pure gold was worth about $21.64 on 31 August 2007. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 31 August 2007 18k gold was worth about $16.23 per gram and 14k about $12.62 per gram, against $21.64 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 55.8 on 31 August 2007, meaning one ounce of gold was worth roughly 55.8 ounces of silver.
It closed 6.50% below the highest close on record up to that date, which was set on 2006-05-11.