Distance from the record
This close sat 4.89% below the highest gold close recorded up to that date, set on 2007-11-08.
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This page is a historical record of the gold price in 7 December 2007, not the current price.See today's gold price (11 September 2026)
Gold closed at $794.40 per troy ounce on 7 December 2007, down $6.800 (0.85%) from the previous close of $801.20.
This close sat 4.89% below the highest gold close recorded up to that date, set on 2007-11-08.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $631.90, making this a +25.72% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $794.40 per troy ounce on 7 December 2007. That is $6.80 lower than the previous close of $801.20, a move of -0.85%.
The gold price fell on 7 December 2007, losing $6.80 (0.85%) against the previous session's close of $801.20.
At $794.40 per troy ounce, one gram of pure gold was worth about $25.54 on 7 December 2007. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 December 2007 18k gold was worth about $19.16 per gram and 14k about $14.90 per gram, against $25.54 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 55.5 on 7 December 2007, meaning one ounce of gold was worth roughly 55.5 ounces of silver.
A year before 7 December 2007, gold was around $631.90 per troy ounce. The close of $794.40 therefore represents a rise of 25.7% over twelve months.
It closed 4.89% below the highest close on record up to that date, which was set on 2007-11-08.