Distance from the record
This close sat 2.33% below the highest gold close recorded up to that date, set on 2008-01-14.
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This page is a historical record of the gold price in 16 January 2008, not the current price.See today's gold price (11 September 2026)
Gold closed at $880.60 per troy ounce on 16 January 2008, down $20.40 (2.26%) from the previous close of $901.00.
Gold lost 2.26% 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 2.33% below the highest gold close recorded up to that date, set on 2008-01-14.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $624.60, making this a +40.99% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $880.60 per troy ounce on 16 January 2008. That is $20.40 lower than the previous close of $901.00, a move of -2.26%.
The gold price fell on 16 January 2008, losing $20.40 (2.26%) against the previous session's close of $901.00.
At $880.60 per troy ounce, one gram of pure gold was worth about $28.31 on 16 January 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 January 2008 18k gold was worth about $21.23 per gram and 14k about $16.52 per gram, against $28.31 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 55.7 on 16 January 2008, meaning one ounce of gold was worth roughly 55.7 ounces of silver.
A month before 16 January 2008, gold was around $793.30 per troy ounce, so the close of $880.60 is a gain of 11.0% over the month.
A year before 16 January 2008, gold was around $624.60 per troy ounce. The close of $880.60 therefore represents a rise of 41.0% over twelve months.
It closed 2.33% below the highest close on record up to that date, which was set on 2008-01-14.