Distance from the record
This close sat 35.66% 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 2017, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 31 January 2017
Gold closed at $1,215.10 per troy ounce on 7 March 2017, down $9.400 (0.77%) from the previous close of $1,224.50.
This close extended a run of 6 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 35.66% 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 $1,263.20, making this a -3.81% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,215.10 per troy ounce on 7 March 2017. That is $9.40 lower than the previous close of $1,224.50, a move of -0.77%.
The gold price fell on 7 March 2017, losing $9.40 (0.77%) against the previous session's close of $1,224.50.
At $1,215.10 per troy ounce, one gram of pure gold was worth about $39.07 on 7 March 2017. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 March 2017 18k gold was worth about $29.30 per gram and 14k about $22.79 per gram, against $39.07 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 69.5 on 7 March 2017, meaning one ounce of gold was worth roughly 69.5 ounces of silver.
A week before 7 March 2017, gold was around $1,252.60 per troy ounce, so the close of $1,215.10 is a loss of 3.0% over the week.
This close was session 6 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 35.66% below the highest close on record up to that date, which was set on 2011-08-22.