Gold Price in December 2007
In December 2007, gold rose 6.7%, from $782.20 at the end of November to $834.90 per troy ounce on December 31, 2007. The highest close was $839.60 on December 28, 2007, the lowest $788.30 on December 3, 2007, and the average over 20 trading days was $807.96. Today's price is 364.3% higher than the December 2007 close.
Gold ended December higher. What usually happens in January after a higher December →
- Gold rose 6.7% in US dollars in December 2007, leaving it up 31.4% for the year to date.
- Measured in other currencies, the change ranged from +5.4% in CNY to +10.5% in GBP, because exchange rates moved too.
- It did better than silver (+6.0%) and US stocks (−0.7%).
- It closed higher on 13 trading days and lower on 7, with an average daily move of 0.82%.
- At the end of the month it was 0.6% below its highest close since 2000.
- Gold/silver ratio: 56.0 → 56.4.
Gold price chart, December 2007
US dollars per troy ounce · daily closeGold in other currencies, December 2007
| Currency | Change in the month |
|---|---|
| GBP | +10.5% |
| AUD | +8.1% |
| PKR | +7.9% |
| EUR | +7.4% |
| ZAR | +6.9% |
| CHF | +6.7% |
| JPY | +6.6% |
| CAD | +6.4% |
| INR | +6.2% |
| EGP | +6.0% |
| TRY | +5.8% |
| CNY | +5.4% |
Price in each currency at each day's exchange rate, previous month-end to this month-end. A weaker currency makes gold rise more in local terms.
Gold vs other assets, December 2007
| Asset | Change (USD) |
|---|---|
| Gold | +6.7% |
| Silver | +6.0% |
| S&P 500 (with dividends) | −0.7% |
| US inflation (CPI, month) | −0.07% |
| Gold, year to date (end of December) | +31.4% |
| Gold/silver ratio | 56.0 → 56.4 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, December 2007
Closing price for every trading day, with the same price in INR and AED at that day's exchange rate.
| Date | Close (USD per oz) | Change | USD per gram | 24K India, ₹ per 10 g | 24K UAE, AED per gram |
|---|---|---|---|---|---|
| Dec 3Mon | $788.30 | +0.78% | $25.34 | ₹10,010 | AED 93.03 |
| Dec 4Tue | $801.30 | +1.65% | $25.76 | ₹10,138 | AED 94.56 |
| Dec 5Wed | $797.50 | −0.47% | $25.64 | ₹10,102 | AED 94.11 |
| Dec 6Thu | $801.20 | +0.46% | $25.76 | ₹10,147 | AED 94.59 |
| Dec 7Fri | $794.40 | −0.85% | $25.54 | ₹10,053 | AED 93.76 |
| Dec 10Mon | $807.70 | +1.67% | $25.97 | ₹10,217 | AED 95.35 |
| Dec 11Tue | $811.40 | +0.46% | $26.09 | ₹10,250 | AED 95.79 |
| Dec 12Wed | $813.50 | +0.26% | $26.15 | ₹10,277 | AED 96.00 |
| Dec 13Thu | $799.00 | −1.78% | $25.69 | ₹10,098 | AED 94.32 |
| Dec 14Fri | $793.30 | −0.71% | $25.51 | ₹10,008 | AED 93.64 |
| Dec 17Mon | $794.80 | +0.19% | $25.55 | ₹10,061 | AED 93.82 |
| Dec 18Tue | $803.00 | +1.03% | $25.82 | ₹10,165 | AED 94.81 |
| Dec 19Wed | $801.10 | −0.24% | $25.76 | ₹10,171 | AED 94.61 |
| Dec 20Thu | $799.20 | −0.24% | $25.69 | ₹10,147 | AED 94.38 |
| Dec 21Fri | $811.60 | +1.55% | $26.09 | ₹10,238 | AED 95.84 |
| Dec 24Mon | $812.80 | +0.15% | $26.13 | ₹10,257 | AED 95.99 |
| Dec 26Wed | $826.00 | +1.62% | $26.56 | ₹10,461 | AED 97.54 |
| Dec 27Thu | $828.60 | +0.31% | $26.64 | ₹10,442 | AED 97.85 |
| Dec 28Fri | $839.60 | +1.33% | $26.99 | ₹10,594 | AED 99.13 |
| Dec 31Mon | $834.90 | −0.56% | $26.84 | ₹10,534 | AED 98.57 |
How December usually goes for gold
In the 20 years from 2006 to 2025, gold rose in December 12 times out of 20, with an average move of +1.0% and a median of +1.8%. Every December since 1971 →
Gold in December 2007: FAQ
What was the price of gold in December 2007?
Gold traded between $788.30 and $839.60 per troy ounce (daily closes) in December 2007, averaging $807.96. It closed the month at $834.90.
How much did gold go up in December 2007?
Gold rose 6.7%, from $782.20 to $834.90. The biggest daily rise was +1.7% on December 10, 2007 and the biggest fall −1.8% on December 13, 2007.
What was the gold price on December 3, 2007?
Gold closed at $788.30 per troy ounce on December 3, 2007, the first trading day of the month. 24K India, ₹ per 10 g: ₹10,010.
Is December usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in December 12 times out of 20, with an average move of +1.0% and a median of +1.8%. Past seasonal patterns are not a reliable guide to any single year.
How much did gold change in rupees in December 2007?
Gold rose 6.2% in Indian rupee terms in December 2007, compared with +6.7% in US dollars.
Did gold beat stocks in December 2007?
Yes. Gold was +6.7% for the month, against −0.7% for the S&P 500 with dividends.
Did gold keep up with inflation in December 2007?
US consumer prices (CPI) changed −0.07% in December, so gold's real (inflation-adjusted) change was about +6.8%.
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{corgano2026goldpriceindecember, author = {{Corgano}}, title = {Gold Price in December 2007}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2007/december}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}