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 2019, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,507.30 per troy ounce on 7 August 2019, up $34.90 (2.37%) from the previous close of $1,472.40.
This was a 2.37% move in one session — well beyond a typical day for gold. Moves this size are usually a reaction to something specific rather than ordinary drift, so the surrounding news is worth checking alongside the number.
This was the strongest close of the week up to that point.
This close sat 20.19% 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 $1,209.60, making this a +24.61% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,507.30 per troy ounce on 7 August 2019. That is $34.90 higher than the previous close of $1,472.40, a move of 2.37%.
The gold price rose on 7 August 2019, gaining $34.90 (2.37%) against the previous session's close of $1,472.40.
At $1,507.30 per troy ounce, one gram of pure gold was worth about $48.46 on 7 August 2019. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 August 2019 18k gold was worth about $36.35 per gram and 14k about $28.27 per gram, against $48.46 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 87.9 on 7 August 2019, meaning one ounce of gold was worth roughly 87.9 ounces of silver.
A week before 7 August 2019, gold was around $1,426.10 per troy ounce, so the close of $1,507.30 is a gain of 5.7% over the week.
A month before 7 August 2019, gold was around $1,396.70 per troy ounce, so the close of $1,507.30 is a gain of 7.9% over the month.
A year before 7 August 2019, gold was around $1,209.60 per troy ounce. The close of $1,507.30 therefore represents a rise of 24.6% over twelve months.
This close was session 3 of a consecutive run of gains. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 20.19% below the highest close on record up to that date, which was set on 2011-08-22.