Distance from the record
This close sat 6.84% 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 7 August 2007, not the current price.See today's gold price (11 September 2026)
Gold closed at $670.60 per troy ounce on 7 August 2007, down $0.900 (0.13%) from the previous close of $671.50.
Gold barely moved, closing within 0.13% of the previous session. Flat days are the majority of any price series and are most useful as the baseline the notable days are measured against.
This close sat 6.84% 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 $647.80, making this a +3.52% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $670.60 per troy ounce on 7 August 2007. That is $0.90 lower than the previous close of $671.50, a move of -0.13%.
The gold price fell on 7 August 2007, losing $0.90 (0.13%) against the previous session's close of $671.50.
At $670.60 per troy ounce, one gram of pure gold was worth about $21.56 on 7 August 2007. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 August 2007 18k gold was worth about $16.17 per gram and 14k about $12.58 per gram, against $21.56 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 51.4 on 7 August 2007, meaning one ounce of gold was worth roughly 51.4 ounces of silver.
It closed 6.84% below the highest close on record up to that date, which was set on 2006-05-11.