Distance from the record
This close sat 5.29% below the highest gold close recorded up to that date, set on 2024-05-20.
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This page is a historical record of the gold price in 7 June 2024, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 3 May 2024
Gold closed at $2,305.20 per troy ounce on 7 June 2024, down $65.10 (2.75%) from the previous close of $2,370.30.
Gold lost 2.75% in one session, far more than a normal day's range. Falls this size rarely happen in isolation — the days on either side give the move its context.
This close sat 5.29% below the highest gold close recorded up to that date, set on 2024-05-20.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,942.70, making this a +18.66% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $2,305.20 per troy ounce on 7 June 2024. That is $65.10 lower than the previous close of $2,370.30, a move of -2.75%.
The gold price fell on 7 June 2024, losing $65.10 (2.75%) against the previous session's close of $2,370.30.
At $2,305.20 per troy ounce, one gram of pure gold was worth about $74.11 on 7 June 2024. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 June 2024 18k gold was worth about $55.59 per gram and 14k about $43.23 per gram, against $74.11 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 78.6 on 7 June 2024, meaning one ounce of gold was worth roughly 78.6 ounces of silver.
A year before 7 June 2024, gold was around $1,942.70 per troy ounce. The close of $2,305.20 therefore represents a rise of 18.7% over twelve months.
It closed 5.29% below the highest close on record up to that date, which was set on 2024-05-20.