Highest so far that year
At the time, no session earlier in the year had closed higher.
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This page is a historical record of the gold price in 7 September 2007, not the current price.See today's gold price (11 September 2026)
Highest closing price since 12 May 2006
Gold closed at $700.80 per troy ounce on 7 September 2007, up $5.200 (0.75%) from the previous close of $695.60.
Gold had not closed this high for about a year. Reclaiming a level after that long usually says more about the trend than the size of the day's move does.
At the time, no session earlier in the year had closed higher.
This close sat 2.64% 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 $617.00, making this a +13.58% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $700.80 per troy ounce on 7 September 2007. That is $5.20 higher than the previous close of $695.60, a move of 0.75%.
The gold price rose on 7 September 2007, gaining $5.20 (0.75%) against the previous session's close of $695.60.
At $700.80 per troy ounce, one gram of pure gold was worth about $22.53 on 7 September 2007. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 September 2007 18k gold was worth about $16.90 per gram and 14k about $13.14 per gram, against $22.53 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 55.7 on 7 September 2007, meaning one ounce of gold was worth roughly 55.7 ounces of silver.
A week before 7 September 2007, gold was around $673.00 per troy ounce, so the close of $700.80 is a gain of 4.1% over the week.
A year before 7 September 2007, gold was around $617.00 per troy ounce. The close of $700.80 therefore represents a rise of 13.6% over twelve months.
It closed 2.64% below the highest close on record up to that date, which was set on 2006-05-11.
The most recent higher close was about a year earlier — 333 trading sessions before this one.