Distance from the record
This close sat 31.77% 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 May 2014, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,288.60 per troy ounce on 7 May 2014, down $19.70 (1.51%) from the previous close of $1,308.30.
This close sat 31.77% 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 $1,449.00, making this a -11.07% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,288.60 per troy ounce on 7 May 2014. That is $19.70 lower than the previous close of $1,308.30, a move of -1.51%.
The gold price fell on 7 May 2014, losing $19.70 (1.51%) against the previous session's close of $1,308.30.
At $1,288.60 per troy ounce, one gram of pure gold was worth about $41.43 on 7 May 2014. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 May 2014 18k gold was worth about $31.07 per gram and 14k about $24.17 per gram, against $41.43 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 66.8 on 7 May 2014, meaning one ounce of gold was worth roughly 66.8 ounces of silver.
It closed 31.77% below the highest close on record up to that date, which was set on 2011-08-22.