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 January 2020, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,571.80 per troy ounce on 7 January 2020, up $5.600 (0.36%) from the previous close of $1,566.20.
This close extended a run of 3 consecutive sessions of gains. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This was the strongest close of the week up to that point.
This close sat 16.78% 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 $1,286.80, making this a +22.15% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,571.80 per troy ounce on 7 January 2020. That is $5.60 higher than the previous close of $1,566.20, a move of 0.36%.
The gold price rose on 7 January 2020, gaining $5.60 (0.36%) against the previous session's close of $1,566.20.
At $1,571.80 per troy ounce, one gram of pure gold was worth about $50.53 on 7 January 2020. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 January 2020 18k gold was worth about $37.90 per gram and 14k about $29.48 per gram, against $50.53 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 85.8 on 7 January 2020, meaning one ounce of gold was worth roughly 85.8 ounces of silver.
A week before 7 January 2020, gold was around $1,519.50 per troy ounce, so the close of $1,571.80 is a gain of 3.4% over the week.
A month before 7 January 2020, gold was around $1,459.10 per troy ounce, so the close of $1,571.80 is a gain of 7.7% over the month.
A year before 7 January 2020, gold was around $1,286.80 per troy ounce. The close of $1,571.80 therefore represents a rise of 22.1% 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 16.78% below the highest close on record up to that date, which was set on 2011-08-22.