Distance from the record
This close sat 21.65% 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 15 August 2008, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 30 November 2007
Gold closed at $786.00 per troy ounce on 15 August 2008, down $22.20 (2.75%) from the previous close of $808.20.
Notable session: lowest close of the month.
Gold lost 2.75% 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 21.65% 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 $668.90, making this a +17.51% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $786.00 per troy ounce on 15 August 2008. That is $22.20 lower than the previous close of $808.20, a move of -2.75%.
The gold price fell on 15 August 2008, losing $22.20 (2.75%) against the previous session's close of $808.20.
At $786.00 per troy ounce, one gram of pure gold was worth about $25.27 on 15 August 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 15 August 2008 18k gold was worth about $18.95 per gram and 14k about $14.74 per gram, against $25.27 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 61.4 on 15 August 2008, meaning one ounce of gold was worth roughly 61.4 ounces of silver.
A week before 15 August 2008, gold was around $857.80 per troy ounce, so the close of $786.00 is a loss of 8.4% over the week.
A month before 15 August 2008, gold was around $977.70 per troy ounce, so the close of $786.00 is a loss of 19.6% over the month.
A year before 15 August 2008, gold was around $668.90 per troy ounce. The close of $786.00 therefore represents a rise of 17.5% over twelve months.
It closed 21.65% below the highest close on record up to that date, which was set on 2008-03-18.