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 16 December 2008, not the current price.See today's gold price (11 September 2026)
Highest closing price since 1 December 2008
Gold closed at $841.70 per troy ounce on 16 December 2008, up $6.300 (0.75%) from the previous close of $835.40.
This was the strongest close of the week up to that point.
This close sat 16.10% 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 $793.30, making this a +6.10% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $841.70 per troy ounce on 16 December 2008. That is $6.30 higher than the previous close of $835.40, a move of 0.75%.
The gold price rose on 16 December 2008, gaining $6.30 (0.75%) against the previous session's close of $835.40.
At $841.70 per troy ounce, one gram of pure gold was worth about $27.06 on 16 December 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 December 2008 18k gold was worth about $20.30 per gram and 14k about $15.79 per gram, against $27.06 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 78.9 on 16 December 2008, meaning one ounce of gold was worth roughly 78.9 ounces of silver.
A week before 16 December 2008, gold was around $772.40 per troy ounce, so the close of $841.70 is a gain of 9.0% over the week.
A month before 16 December 2008, gold was around $742.40 per troy ounce, so the close of $841.70 is a gain of 13.4% over the month.
It closed 16.10% below the highest close on record up to that date, which was set on 2008-03-18.