Gold Price in 2007
Gold averaged $695.76 an ounce in 2007, ranging from $604.90 to $839.60, and ended the year up 31.4% at $834.90. The highest close was $839.60 on December 28, 2007 and the lowest $604.90 on January 5, 2007; the year started from $635.20, the close at the end of 2006. Today's price is 364.3% above the 2007 close.
Gold price chart, 2007
USD per troy ounce · daily closeMonthly Gold Prices in 2007
Month-end close and range, US dollars per troy ounce. Choose a month for every day's price.
| Month | Close | High | Low | Change |
|---|---|---|---|---|
| January | $652.00 | $652.00 | $604.90 | +2.6% |
| February | $669.40 | $686.50 | $646.20 | +2.7% |
| March | $663.00 | $666.50 | $636.70 | −1.0% |
| April | $674.40 | $692.00 | $664.00 | +1.7% |
| May | $671.20 | $688.00 | $653.00 | −0.5% |
| June | $648.10 | $671.20 | $641.70 | −3.4% |
| July | $663.60 | $684.20 | $648.40 | +2.4% |
| August | $673.00 | $674.50 | $648.30 | +1.4% |
| September | $747.20 | $747.20 | $681.70 | +11.0% |
| October | $790.70 | $792.00 | $729.30 | +5.8% |
| November | $782.20 | $835.20 | $776.80 | −1.1% |
| December | $834.90 | $839.60 | $788.30 | +6.7% |
Gold in 2007 at a Glance
- Gold rose 31.4% in US dollars. In PKR terms it rose 33.6%, and in TRY terms it rose 8.4% — the difference comes from currency moves.
- It did better than Silver (+15.4%) and S&P 500 (with dividends) (+5.5%).
- After US inflation of 4.1%, the real change was +26.3%.
- In the futures market, managed money (speculators) went from net long 38,119 to net long 171,253 contracts.
Key Events in 2007
What happened, and how gold moved that day (or the next trading day) and about a month later.
- Thursday, August 9BNP Paribas closes funds exposed to US subprime mortgages, marking the start of the credit crunch. SourceGold: +1.3% that day · +3.2% a month later
- Friday, September 14Northern Rock receives Bank of England emergency support, triggering a run on the bank. SourceGold: 0.0% that day · +3.9% a month later
Gold in 2007: records, milestones and the London price chart →
Gold in other currencies, 2007
| Currency | Change |
|---|---|
| PKR | +33.6% |
| GBP | +29.6% |
| ZAR | +27.7% |
| EGP | +26.6% |
| JPY | +23.3% |
| CNY | +23.0% |
| CHF | +22.0% |
| EUR | +18.8% |
| AUD | +18.6% |
| INR | +17.1% |
| CAD | +12.6% |
| TRY | +8.4% |
Price in each currency at the year-end exchange rate, year-end to year-end. A falling currency makes gold rise more in local terms.
Gold vs other assets, 2007
| Asset | Change (USD) |
|---|---|
| Silver | +15.4% |
| S&P 500 (with dividends) | +5.5% |
| US inflation (CPI) | +4.1% |
Gold Price on Festivals in 2007
| Festival | Date | Price |
|---|---|---|
| Chinese New Year | Sun 18 Feb | ¥166.43 24K ¥/g |
| Gudi Padwa | Mon 19 Mar | ₹9,311 24K ₹/10 g |
| Akshaya Tritiya | Thu 19 Apr | ₹9,238 24K ₹/10 g |
| Navratri | Fri 12 Oct | ₹9,411 24K ₹/10 g |
| Eid al-Fitr | Fri 12 Oct | AED 88.37 24K AED/g |
| Dussehra | Sun 21 Oct | ₹9,635 24K ₹/10 g |
| Dhanteras | Wed 7 Nov | ₹10,454 24K ₹/10 g |
| Diwali | Fri 9 Nov | ₹10,451 24K ₹/10 g |
| Eid al-Adha | Wed 19 Dec | AED 94.61 24K AED/g |
International price converted at that day's rate, before local taxes and making charges.
Futures positioning: managed money (speculators) held a net long position of 171,253 contracts on 31 Dec 2007, against net long 38,119 a year earlier. COT report →
Gold in 2007: FAQ
What was the price of gold in 2007?
Gold traded between $604.90 and $839.60 per troy ounce in 2007 (daily closes), averaging $695.76. It closed the year at $834.90.
How much did gold go up in 2007?
Gold rose 31.4% in 2007, from $635.20 to $834.90 per ounce.
What was the highest gold price in 2007?
The highest daily close in 2007 was $839.60 per troy ounce on December 28, 2007.
What was the best month for gold in 2007?
September (+11.0%). The weakest was June (−3.4%).
How much did gold rise in rupees in 2007?
Gold rose 17.1% in Indian rupee terms in 2007, compared with +31.4% in US dollars.
Did gold beat the stock market in 2007?
Yes. Gold was +31.4% for the year, against +5.5% for the S&P 500 with dividends reinvested.
What was the biggest event for gold in 2007?
Of the key events listed on this page, the biggest one-day reaction was on 9 August: BNP Paribas closes funds exposed to US subprime mortgages, marking the start of the credit crunch. Gold moved +1.3% that day.
Daily closing prices of COMEX front-month gold futures (US dollars per troy ounce), which track the spot price closely. Download the full daily series as CSV or get any year from the free gold price API (free to use with a link to this site).
Cite this page
For essays, articles and research. Prices on this page update daily, so the citations include today's date as the date you accessed it.
@misc{corgano2026goldpricein2007, author = {{Corgano}}, title = {Gold Price in 2007}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2007}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-11-01}}