Distance from the record
This close sat 14.73% below the highest gold close recorded up to that date, set on 2008-03-18.
Loading…
This page is a historical record of the gold price in 10 October 2008, not the current price.See today's gold price (11 September 2026)
Gold falls 3.1% in a single session
Gold closed at $855.40 per troy ounce on 10 October 2008, down $27.70 (3.14%) from the previous close of $883.10.
Notable session: moved more than 3% in a session.
Gold lost 3.14% in one session, far more than a normal day's range. Falls this size rarely happen in isolation — the days on either side give the move its context.
This close sat 14.73% below the highest gold close recorded up to that date, set on 2008-03-18.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $740.40, making this a +15.53% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $855.40 per troy ounce on 10 October 2008. That is $27.70 lower than the previous close of $883.10, a move of -3.14%.
The gold price fell on 10 October 2008, losing $27.70 (3.14%) against the previous session's close of $883.10.
At $855.40 per troy ounce, one gram of pure gold was worth about $27.50 on 10 October 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 10 October 2008 18k gold was worth about $20.63 per gram and 14k about $16.04 per gram, against $27.50 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 81.1 on 10 October 2008, meaning one ounce of gold was worth roughly 81.1 ounces of silver.
A week before 10 October 2008, gold was around $828.90 per troy ounce, so the close of $855.40 is a gain of 3.2% over the week.
A month before 10 October 2008, gold was around $757.90 per troy ounce, so the close of $855.40 is a gain of 12.9% over the month.
A year before 10 October 2008, gold was around $740.40 per troy ounce. The close of $855.40 therefore represents a rise of 15.5% over twelve months.
It closed 14.73% below the highest close on record up to that date, which was set on 2008-03-18.