Distance from the record
This close sat 29.73% 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 13 November 2008, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 10 September 2007
Gold closed at $704.90 per troy ounce on 13 November 2008, down $12.80 (1.78%) from the previous close of $717.70.
Notable session: lowest close of the year; lowest close of the month.
Gold had not closed this low for about a year. Breaking below a level held that long is the kind of move that tends to set the tone for the sessions that follow.
This close sat 29.73% 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 251 of 251 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $797.20, making this a -11.58% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $704.90 per troy ounce on 13 November 2008. That is $12.80 lower than the previous close of $717.70, a move of -1.78%.
The gold price fell on 13 November 2008, losing $12.80 (1.78%) against the previous session's close of $717.70.
At $704.90 per troy ounce, one gram of pure gold was worth about $22.66 on 13 November 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 13 November 2008 18k gold was worth about $17.00 per gram and 14k about $13.22 per gram, against $22.66 for pure 24k. These are melt values before any dealer margin.
A week before 13 November 2008, gold was around $731.20 per troy ounce, so the close of $704.90 is a loss of 3.6% over the week.
A month before 13 November 2008, gold was around $838.90 per troy ounce, so the close of $704.90 is a loss of 16.0% over the month.
This close was session 3 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 29.73% below the highest close on record up to that date, which was set on 2008-03-18.