Distance from the record
This close sat 8.29% below the highest gold close recorded up to that date, set on 2006-05-11.
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This page is a historical record of the gold price in 7 June 2007, not the current price.See today's gold price (11 September 2026)
Gold closed at $660.10 per troy ounce on 7 June 2007, down $9.200 (1.37%) from the previous close of $669.30.
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 8.29% below the highest gold close recorded up to that date, set on 2006-05-11.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $627.40, making this a +5.21% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $660.10 per troy ounce on 7 June 2007. That is $9.20 lower than the previous close of $669.30, a move of -1.37%.
The gold price fell on 7 June 2007, losing $9.20 (1.37%) against the previous session's close of $669.30.
At $660.10 per troy ounce, one gram of pure gold was worth about $21.22 on 7 June 2007. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 June 2007 18k gold was worth about $15.92 per gram and 14k about $12.38 per gram, against $21.22 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 49.1 on 7 June 2007, meaning one ounce of gold was worth roughly 49.1 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 8.29% below the highest close on record up to that date, which was set on 2006-05-11.