Distance from the record
This close sat 4.82% below the highest gold close recorded up to that date, set on 2006-05-11.
Loading…
This page is a historical record of the gold price in 8 May 2007, not the current price.See today's gold price (11 September 2026)
Gold closed at $685.10 per troy ounce on 8 May 2007, down $2.900 (0.42%) from the previous close of $688.00.
This close sat 4.82% 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 $677.80, making this a +1.08% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $685.10 per troy ounce on 8 May 2007. That is $2.90 lower than the previous close of $688.00, a move of -0.42%.
The gold price fell on 8 May 2007, losing $2.90 (0.42%) against the previous session's close of $688.00.
At $685.10 per troy ounce, one gram of pure gold was worth about $22.03 on 8 May 2007. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 May 2007 18k gold was worth about $16.52 per gram and 14k about $12.85 per gram, against $22.03 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 50.8 on 8 May 2007, meaning one ounce of gold was worth roughly 50.8 ounces of silver.
A week before 8 May 2007, gold was around $661.00 per troy ounce, so the close of $685.10 is a gain of 3.6% over the week.
It closed 4.82% below the highest close on record up to that date, which was set on 2006-05-11.