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 8 October 2007, not the current price.See today's gold price (11 September 2026)
Gold closed at $732.80 per troy ounce on 8 October 2007, down $8.500 (1.15%) from the previous close of $741.30.
Gold moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
This was the strongest close of the week up to that point.
This close sat 1.35% below the highest gold close recorded up to that date, set on 2007-09-28.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $572.40, making this a +28.02% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $732.80 per troy ounce on 8 October 2007. That is $8.50 lower than the previous close of $741.30, a move of -1.15%.
The gold price fell on 8 October 2007, losing $8.50 (1.15%) against the previous session's close of $741.30.
At $732.80 per troy ounce, one gram of pure gold was worth about $23.56 on 8 October 2007. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 October 2007 18k gold was worth about $17.67 per gram and 14k about $13.74 per gram, against $23.56 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 55.3 on 8 October 2007, meaning one ounce of gold was worth roughly 55.3 ounces of silver.
A year before 8 October 2007, gold was around $572.40 per troy ounce. The close of $732.80 therefore represents a rise of 28.0% over twelve months.
It closed 1.35% below the highest close on record up to that date, which was set on 2007-09-28.