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 March 2007, not the current price.See today's gold price (11 September 2026)
Gold closed at $650.60 per troy ounce on 7 March 2007, up $6.800 (1.06%) from the previous close of $643.80.
This was the strongest close of the week up to that point.
This close sat 9.61% 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 $552.70, making this a +17.71% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $650.60 per troy ounce on 7 March 2007. That is $6.80 higher than the previous close of $643.80, a move of 1.06%.
The gold price rose on 7 March 2007, gaining $6.80 (1.06%) against the previous session's close of $643.80.
At $650.60 per troy ounce, one gram of pure gold was worth about $20.92 on 7 March 2007. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 March 2007 18k gold was worth about $15.69 per gram and 14k about $12.20 per gram, against $20.92 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 50.0 on 7 March 2007, meaning one ounce of gold was worth roughly 50.0 ounces of silver.
A week before 7 March 2007, gold was around $669.40 per troy ounce, so the close of $650.60 is a loss of 2.8% over the week.
A year before 7 March 2007, gold was around $552.70 per troy ounce. The close of $650.60 therefore represents a rise of 17.7% over twelve months.
It closed 9.61% below the highest close on record up to that date, which was set on 2006-05-11.