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Lowest closing price since 1 August 2007
Gold closed at $716.80 per troy ounce on 1 October 2008, down $157.40 (18.01%) from the previous close of $874.20.
Notable session: lowest close of the year; 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 $792.00, making this a -9.49% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $716.80 per troy ounce on 1 October 2008. That is $157.40 lower than the previous close of $874.20, a move of -18.01%.
The gold price fell on 1 October 2008, losing $157.40 (18.01%) against the previous session's close of $874.20.
At $716.80 per troy ounce, one gram of pure gold was worth about $23.05 on 1 October 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 October 2008 18k gold was worth about $17.28 per gram and 14k about $13.44 per gram, against $23.05 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 73.7 on 1 October 2008, meaning one ounce of gold was worth roughly 73.7 ounces of silver.
A week before 1 October 2008, gold was around $874.20 per troy ounce, so the close of $716.80 is a loss of 18.0% over the week.
A month before 1 October 2008, gold was around $874.20 per troy ounce, so the close of $716.80 is a loss of 18.0% over the month.
A year before 1 October 2008, gold was around $792.00 per troy ounce. The close of $716.80 therefore represents a fall of 9.5% over twelve months.