Highest so far that month
No earlier session that month closed above this level.
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This page is a historical record of the gold price in 7 May 2007, not the current price.See today's gold price (11 September 2026)
Highest closing price since 23 April 2007
Gold closed at $688.00 per troy ounce on 7 May 2007, up $0.800 (0.12%) from the previous close of $687.20.
Notable session: highest close of the month.
This close extended a run of 4 consecutive sessions of gains. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
No earlier session that month closed above this level.
This close sat 4.42% 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 $682.20, making this a +0.85% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $688.00 per troy ounce on 7 May 2007. That is $0.80 higher than the previous close of $687.20, a move of 0.12%.
The gold price rose on 7 May 2007, gaining $0.80 (0.12%) against the previous session's close of $687.20.
At $688.00 per troy ounce, one gram of pure gold was worth about $22.12 on 7 May 2007. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 May 2007 18k gold was worth about $16.59 per gram and 14k about $12.90 per gram, against $22.12 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 50.9 on 7 May 2007, meaning one ounce of gold was worth roughly 50.9 ounces of silver.
This close was session 4 of a consecutive run of gains. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 4.42% below the highest close on record up to that date, which was set on 2006-05-11.