Highest so far that week
This was the strongest close of the week up to that point.
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This page is a historical record of the gold price in 12 March 2008, not the current price.See today's gold price (11 September 2026)
Gold closed at $978.80 per troy ounce on 12 March 2008, up $4.600 (0.47%) from the previous close of $974.20.
This was the strongest close of the week up to that point.
One of the ten highest gold closes of that year, ranking 7 of 251 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $648.40, making this a +50.96% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $978.80 per troy ounce on 12 March 2008. That is $4.60 higher than the previous close of $974.20, a move of 0.47%.
The gold price rose on 12 March 2008, gaining $4.60 (0.47%) against the previous session's close of $974.20.
At $978.80 per troy ounce, one gram of pure gold was worth about $31.47 on 12 March 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 12 March 2008 18k gold was worth about $23.60 per gram and 14k about $18.36 per gram, against $31.47 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 49.2 on 12 March 2008, meaning one ounce of gold was worth roughly 49.2 ounces of silver.
A month before 12 March 2008, gold was around $907.40 per troy ounce, so the close of $978.80 is a gain of 7.9% over the month.
A year before 12 March 2008, gold was around $648.40 per troy ounce. The close of $978.80 therefore represents a rise of 51.0% over twelve months.
It closed 0.75% below the highest close on record up to that date, which was set on 2008-03-05.