Distance from the record
This close sat 12.38% 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 May 2008, not the current price.See today's gold price (11 September 2026)
Gold closed at $879.00 per troy ounce on 15 May 2008, up $13.60 (1.57%) from the previous close of $865.40.
Gold moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
This close sat 12.38% 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 $673.00, making this a +30.61% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $879.00 per troy ounce on 15 May 2008. That is $13.60 higher than the previous close of $865.40, a move of 1.57%.
The gold price rose on 15 May 2008, gaining $13.60 (1.57%) against the previous session's close of $865.40.
At $879.00 per troy ounce, one gram of pure gold was worth about $28.26 on 15 May 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 15 May 2008 18k gold was worth about $21.20 per gram and 14k about $16.49 per gram, against $28.26 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 52.9 on 15 May 2008, meaning one ounce of gold was worth roughly 52.9 ounces of silver.
A month before 15 May 2008, gold was around $928.70 per troy ounce, so the close of $879.00 is a loss of 5.4% over the month.
A year before 15 May 2008, gold was around $673.00 per troy ounce. The close of $879.00 therefore represents a rise of 30.6% over twelve months.
It closed 12.38% below the highest close on record up to that date, which was set on 2008-03-18.