Distance from the record
This close sat 11.58% below the highest gold close recorded up to that date, set on 2020-08-06.
Loading…
This page is a historical record of the gold price in 7 March 2023, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 24 February 2023
Gold closed at $1,813.90 per troy ounce on 7 March 2023, down $34.00 (1.84%) from the previous close of $1,847.90.
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 11.58% below the highest gold close recorded up to that date, set on 2020-08-06.
One of the ten lowest gold closes of that year, ranking 247 of 249 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,993.90, making this a -9.03% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,813.90 per troy ounce on 7 March 2023. That is $34.00 lower than the previous close of $1,847.90, a move of -1.84%.
The gold price fell on 7 March 2023, losing $34.00 (1.84%) against the previous session's close of $1,847.90.
At $1,813.90 per troy ounce, one gram of pure gold was worth about $58.32 on 7 March 2023. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 March 2023 18k gold was worth about $43.74 per gram and 14k about $34.02 per gram, against $58.32 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 90.5 on 7 March 2023, meaning one ounce of gold was worth roughly 90.5 ounces of silver.
It closed 11.58% below the highest close on record up to that date, which was set on 2020-08-06.