Highest so far that month
No earlier session that month closed above this level.
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This page is a historical record of the gold price in 11 July 2008, not the current price.See today's gold price (11 September 2026)
Highest closing price since 18 March 2008
Gold closed at $959.50 per troy ounce on 11 July 2008, up $18.60 (1.98%) from the previous close of $940.90.
This close extended a run of 3 consecutive sessions of gains. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
No earlier session that month closed above this level.
This close sat 4.36% 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 $660.30, making this a +45.31% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $959.50 per troy ounce on 11 July 2008. That is $18.60 higher than the previous close of $940.90, a move of 1.98%.
The gold price rose on 11 July 2008, gaining $18.60 (1.98%) against the previous session's close of $940.90.
At $959.50 per troy ounce, one gram of pure gold was worth about $30.85 on 11 July 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 11 July 2008 18k gold was worth about $23.14 per gram and 14k about $18.00 per gram, against $30.85 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 51.2 on 11 July 2008, meaning one ounce of gold was worth roughly 51.2 ounces of silver.
A week before 11 July 2008, gold was around $931.90 per troy ounce, so the close of $959.50 is a gain of 3.0% over the week.
A month before 11 July 2008, gold was around $879.70 per troy ounce, so the close of $959.50 is a gain of 9.1% over the month.
A year before 11 July 2008, gold was around $660.30 per troy ounce. The close of $959.50 therefore represents a rise of 45.3% over twelve months.
This close was session 3 of a consecutive run of gains. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 4.36% below the highest close on record up to that date, which was set on 2008-03-18.
The most recent higher close was about 4 months earlier — 80 trading sessions before this one.