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 7 August 2017, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 26 July 2017
Gold closed at $1,258.20 per troy ounce on 7 August 2017, down $0.100 (0.01%) from the previous close of $1,258.30.
This close extended a run of 4 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This was the strongest close of the week up to that point.
This close sat 33.38% below the highest gold close recorded up to that date, set on 2011-08-22.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,336.40, making this a -5.85% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,258.20 per troy ounce on 7 August 2017. That is $0.10 lower than the previous close of $1,258.30, a move of -0.01%.
The gold price fell on 7 August 2017, losing $0.10 (0.01%) against the previous session's close of $1,258.30.
At $1,258.20 per troy ounce, one gram of pure gold was worth about $40.45 on 7 August 2017. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 August 2017 18k gold was worth about $30.34 per gram and 14k about $23.60 per gram, against $40.45 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 77.6 on 7 August 2017, meaning one ounce of gold was worth roughly 77.6 ounces of silver.
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 33.38% below the highest close on record up to that date, which was set on 2011-08-22.