Highest so far that week
This was the strongest close of the week up to that point.
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This page is a historical record of the gold price in 7 October 2019, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,497.70 per troy ounce on 7 October 2019, down $8.500 (0.56%) from the previous close of $1,506.20.
This was the strongest close of the week up to that point.
This close sat 20.70% 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 $1,201.20, making this a +24.68% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,497.70 per troy ounce on 7 October 2019. That is $8.50 lower than the previous close of $1,506.20, a move of -0.56%.
The gold price fell on 7 October 2019, losing $8.50 (0.56%) against the previous session's close of $1,506.20.
At $1,497.70 per troy ounce, one gram of pure gold was worth about $48.15 on 7 October 2019. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 October 2019 18k gold was worth about $36.11 per gram and 14k about $28.09 per gram, against $48.15 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 85.8 on 7 October 2019, meaning one ounce of gold was worth roughly 85.8 ounces of silver.
A week before 7 October 2019, gold was around $1,465.70 per troy ounce, so the close of $1,497.70 is a gain of 2.2% over the week.
A year before 7 October 2019, gold was around $1,201.20 per troy ounce. The close of $1,497.70 therefore represents a rise of 24.7% over twelve months.
It closed 20.70% below the highest close on record up to that date, which was set on 2011-08-22.