Distance from the record
This close sat 3.47% below the highest gold close recorded up to that date, set on 2024-04-19.
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This page is a historical record of the gold price in 7 May 2024, not the current price.See today's gold price (11 September 2026)
Gold closed at $2,315.20 per troy ounce on 7 May 2024, down $6.400 (0.28%) from the previous close of $2,321.60.
This close sat 3.47% below the highest gold close recorded up to that date, set on 2024-04-19.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $2,017.40, making this a +14.76% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $2,315.20 per troy ounce on 7 May 2024. That is $6.40 lower than the previous close of $2,321.60, a move of -0.28%.
The gold price fell on 7 May 2024, losing $6.40 (0.28%) against the previous session's close of $2,321.60.
At $2,315.20 per troy ounce, one gram of pure gold was worth about $74.44 on 7 May 2024. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 May 2024 18k gold was worth about $55.83 per gram and 14k about $43.42 per gram, against $74.44 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 84.8 on 7 May 2024, meaning one ounce of gold was worth roughly 84.8 ounces of silver.
A year before 7 May 2024, gold was around $2,017.40 per troy ounce. The close of $2,315.20 therefore represents a rise of 14.8% over twelve months.
It closed 3.47% below the highest close on record up to that date, which was set on 2024-04-19.