Distance from the record
This close sat 28.46% 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 12 November 2008, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 31 October 2008
Gold closed at $717.70 per troy ounce on 12 November 2008, down $14.30 (1.95%) from the previous close of $732.00.
This close sat 28.46% below the highest gold close recorded up to that date, set on 2008-03-18.
One of the ten lowest gold closes of that year, ranking 247 of 251 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $805.80, making this a -10.93% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $717.70 per troy ounce on 12 November 2008. That is $14.30 lower than the previous close of $732.00, a move of -1.95%.
The gold price fell on 12 November 2008, losing $14.30 (1.95%) against the previous session's close of $732.00.
At $717.70 per troy ounce, one gram of pure gold was worth about $23.07 on 12 November 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 12 November 2008 18k gold was worth about $17.31 per gram and 14k about $13.46 per gram, against $23.07 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 75.7 on 12 November 2008, meaning one ounce of gold was worth roughly 75.7 ounces of silver.
A week before 12 November 2008, gold was around $741.30 per troy ounce, so the close of $717.70 is a loss of 3.2% over the week.
A month before 12 November 2008, gold was around $855.40 per troy ounce, so the close of $717.70 is a loss of 16.1% over the month.
It closed 28.46% below the highest close on record up to that date, which was set on 2008-03-18.