Distance from the record
This close sat 29.15% 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 March 2014, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,338.10 per troy ounce on 7 March 2014, down $13.60 (1.01%) from the previous close of $1,351.70.
Gold moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
This close sat 29.15% 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 $1,574.80, making this a -15.03% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,338.10 per troy ounce on 7 March 2014. That is $13.60 lower than the previous close of $1,351.70, a move of -1.01%.
The gold price fell on 7 March 2014, losing $13.60 (1.01%) against the previous session's close of $1,351.70.
At $1,338.10 per troy ounce, one gram of pure gold was worth about $43.02 on 7 March 2014. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 March 2014 18k gold was worth about $32.27 per gram and 14k about $25.10 per gram, against $43.02 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 64.0 on 7 March 2014, meaning one ounce of gold was worth roughly 64.0 ounces of silver.
A month before 7 March 2014, gold was around $1,263.30 per troy ounce, so the close of $1,338.10 is a gain of 5.9% over the month.
A year before 7 March 2014, gold was around $1,574.80 per troy ounce. The close of $1,338.10 therefore represents a fall of 15.0% over twelve months.
It closed 29.15% below the highest close on record up to that date, which was set on 2011-08-22.