Distance from the record
This close sat 26.11% below the highest gold close recorded up to that date, set on 2008-03-18.
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This page is a historical record of the gold price in 11 September 2008, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 10 October 2007
Gold closed at $741.30 per troy ounce on 11 September 2008, down $16.60 (2.19%) from the previous close of $757.90.
Notable session: lowest close of the month.
Gold lost 2.19% 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 26.11% 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 $712.20, making this a +4.09% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $741.30 per troy ounce on 11 September 2008. That is $16.60 lower than the previous close of $757.90, a move of -2.19%.
The gold price fell on 11 September 2008, losing $16.60 (2.19%) against the previous session's close of $757.90.
At $741.30 per troy ounce, one gram of pure gold was worth about $23.83 on 11 September 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 11 September 2008 18k gold was worth about $17.88 per gram and 14k about $13.90 per gram, against $23.83 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 70.7 on 11 September 2008, meaning one ounce of gold was worth roughly 70.7 ounces of silver.
A week before 11 September 2008, gold was around $797.90 per troy ounce, so the close of $741.30 is a loss of 7.1% over the week.
A month before 11 September 2008, gold was around $821.50 per troy ounce, so the close of $741.30 is a loss of 9.8% over the month.
This close was session 9 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 26.11% below the highest close on record up to that date, which was set on 2008-03-18.