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Gold's highest closing price on record
Gold closed at $922.70 per troy ounce on 1 January 2008, up $87.80 (10.52%) from the previous close of $834.90.
Notable session: one of the largest single-day moves on record; moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $652.00, making this a +41.52% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $922.70 per troy ounce on 1 January 2008. That is $87.80 higher than the previous close of $834.90, a move of 10.52%.
The gold price rose on 1 January 2008, gaining $87.80 (10.52%) against the previous session's close of $834.90.
At $922.70 per troy ounce, one gram of pure gold was worth about $29.67 on 1 January 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 January 2008 18k gold was worth about $22.25 per gram and 14k about $17.30 per gram, against $29.67 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 54.4 on 1 January 2008, meaning one ounce of gold was worth roughly 54.4 ounces of silver.
A week before 1 January 2008, gold was around $834.90 per troy ounce, so the close of $922.70 is a gain of 10.5% over the week.
A month before 1 January 2008, gold was around $834.90 per troy ounce, so the close of $922.70 is a gain of 10.5% over the month.
A year before 1 January 2008, gold was around $652.00 per troy ounce. The close of $922.70 therefore represents a rise of 41.5% over twelve months.