Distance from the record
This close sat 2.02% below the highest gold close recorded up to that date, set on 2020-08-06.
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This page is a historical record of the gold price in 7 August 2020, not the current price.See today's gold price (11 September 2026)
Gold closed at $2,010.10 per troy ounce on 7 August 2020, down $41.40 (2.02%) from the previous close of $2,051.50.
Gold lost 2.02% in one session, far more than a normal day's range. Falls this size rarely happen in isolation — the days on either side give the move its context.
This close sat 2.02% below the highest gold close recorded up to that date, set on 2020-08-06.
One of the ten highest gold closes of that year, ranking 4 of 253 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,507.30, making this a +33.36% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $2,010.10 per troy ounce on 7 August 2020. That is $41.40 lower than the previous close of $2,051.50, a move of -2.02%.
The gold price fell on 7 August 2020, losing $41.40 (2.02%) against the previous session's close of $2,051.50.
At $2,010.10 per troy ounce, one gram of pure gold was worth about $64.63 on 7 August 2020. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 August 2020 18k gold was worth about $48.47 per gram and 14k about $37.70 per gram, against $64.63 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 73.0 on 7 August 2020, meaning one ounce of gold was worth roughly 73.0 ounces of silver.
A week before 7 August 2020, gold was around $1,962.80 per troy ounce, so the close of $2,010.10 is a gain of 2.4% over the week.
A month before 7 August 2020, gold was around $1,804.20 per troy ounce, so the close of $2,010.10 is a gain of 11.4% over the month.
A year before 7 August 2020, gold was around $1,507.30 per troy ounce. The close of $2,010.10 therefore represents a rise of 33.4% over twelve months.
It closed 2.02% below the highest close on record up to that date, which was set on 2020-08-06.