Distance from the record
This close sat 17.11% below the highest gold close recorded up to that date, set on 2020-08-06.
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This page is a historical record of the gold price in 7 October 2022, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,700.50 per troy ounce on 7 October 2022, down $11.20 (0.65%) from the previous close of $1,711.70.
This close sat 17.11% below the highest gold close recorded up to that date, set on 2020-08-06.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,757.90, making this a -3.27% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,700.50 per troy ounce on 7 October 2022. That is $11.20 lower than the previous close of $1,711.70, a move of -0.65%.
The gold price fell on 7 October 2022, losing $11.20 (0.65%) against the previous session's close of $1,711.70.
At $1,700.50 per troy ounce, one gram of pure gold was worth about $54.67 on 7 October 2022. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 October 2022 18k gold was worth about $41.00 per gram and 14k about $31.89 per gram, against $54.67 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 84.2 on 7 October 2022, meaning one ounce of gold was worth roughly 84.2 ounces of silver.
A week before 7 October 2022, gold was around $1,662.40 per troy ounce, so the close of $1,700.50 is a gain of 2.3% over the week.
It closed 17.11% below the highest close on record up to that date, which was set on 2020-08-06.