Distance from the record
This close sat 30.56% below the highest gold close recorded up to that date, set on 2011-08-22.
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This page is a historical record of the gold price in 7 February 2018, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 29 December 2017
Gold closed at $1,311.60 per troy ounce on 7 February 2018, down $14.50 (1.09%) from the previous close of $1,326.10.
Notable session: lowest close of the month.
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 30.56% 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 $1,234.20, making this a +6.27% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,311.60 per troy ounce on 7 February 2018. That is $14.50 lower than the previous close of $1,326.10, a move of -1.09%.
The gold price fell on 7 February 2018, losing $14.50 (1.09%) against the previous session's close of $1,326.10.
At $1,311.60 per troy ounce, one gram of pure gold was worth about $42.17 on 7 February 2018. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 February 2018 18k gold was worth about $31.63 per gram and 14k about $24.60 per gram, against $42.17 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 80.9 on 7 February 2018, meaning one ounce of gold was worth roughly 80.9 ounces of silver.
A week before 7 February 2018, gold was around $1,339.00 per troy ounce, so the close of $1,311.60 is a loss of 2.0% over the week.
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 30.56% below the highest close on record up to that date, which was set on 2011-08-22.