Distance from the record
This close sat 5.60% below the highest gold close recorded up to that date, set on 2000-09-27.
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This page is a historical record of the gold price in 7 February 2001, not the current price.See today's gold price (11 September 2026)
Gold closed at $262.80 per troy ounce on 7 February 2001, down $0.500 (0.19%) from the previous close of $263.30.
This close extended a run of 3 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 close sat 5.60% below the highest gold close recorded up to that date, set on 2000-09-27.
Metal value only, before dealer margins and fabrication.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $262.80 per troy ounce on 7 February 2001. That is $0.50 lower than the previous close of $263.30, a move of -0.19%.
The gold price fell on 7 February 2001, losing $0.50 (0.19%) against the previous session's close of $263.30.
At $262.80 per troy ounce, one gram of pure gold was worth about $8.45 on 7 February 2001. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 February 2001 18k gold was worth about $6.34 per gram and 14k about $4.93 per gram, against $8.45 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 57.0 on 7 February 2001, meaning one ounce of gold was worth roughly 57.0 ounces of silver.
This close was session 3 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 5.60% below the highest close on record up to that date, which was set on 2000-09-27.