Gold Price in 2007

In 2007, the price of gold averaged $695 per troy ounce, up 15.1% from the year before. This page covers the 2007 average, high, low, and year-end close, the events that moved the market, and what that gold would be worth in today's dollars.

2007 Average

$695

LBMA annual average, USD/oz

Change vs 2006

+15.1%

from $604 in 2006

2007 High

$846

from daily trading data

2007 Low

$602

from daily trading data

Year-End Close

$834

last trading day of 2007

What happened to the gold price in 2007

Gold averaged $695 per troy ounce in 2007, climbing 15.1% from the $604 average of 2006. Daily trading data shows gold moved between a low of $602 and a high of $846 during the year, ending 2007 at $834. The notable development of 2007: Subprime crisis emerges.

The 2000s brought gold's modern bull market. The dot-com bust, the September 11 attacks, a weakening dollar, and finally the 2008 financial crisis rebuilt investment demand, carrying gold past $1,000 per ounce for the first time.

Adjusted for inflation, gold's 2007 average of $695 equals about $1,081 in today's dollars. The conversion uses US Bureau of Labor Statistics CPI-U annual averages, so treat it as a close approximation rather than an exact figure.

Frequently Asked Questions

What was the price of gold in 2007?

Gold averaged $695 per troy ounce in 2007, based on LBMA annual average data. Daily prices ranged from a low of $602 to a high of $846, and the year closed at $834. That average was up 15.1% from $604 in 2006.

What is a 2007 gold price worth in today's dollars?

Adjusted with the US Consumer Price Index, gold's 2007 average of $695 works out to roughly $1,081 in today's dollars, using 2025 as the CPI base year. The conversion uses BLS CPI-U annual averages, so treat it as a close approximation rather than an exact figure.

What moved the gold price in 2007?

The defining story of 2007: Subprime crisis emerges. Against that backdrop, the annual average climbed 15.1%, from $604 in 2006 to $695.

Annual averages are LBMA prices per troy ounce in US dollars. Where shown, the yearly high, low, and close come from MetalCharts daily historical data and may differ slightly from figures published elsewhere. Inflation adjustments use BLS CPI-U annual averages.