Distance from the record
This close sat 4.13% 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 16 July 2008, not the current price.See today's gold price (11 September 2026)
Gold closed at $961.80 per troy ounce on 16 July 2008, down $15.90 (1.63%) from the previous close of $977.70.
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 4.13% 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 $665.00, making this a +44.63% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $961.80 per troy ounce on 16 July 2008. That is $15.90 lower than the previous close of $977.70, a move of -1.63%.
The gold price fell on 16 July 2008, losing $15.90 (1.63%) against the previous session's close of $977.70.
At $961.80 per troy ounce, one gram of pure gold was worth about $30.92 on 16 July 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 July 2008 18k gold was worth about $23.19 per gram and 14k about $18.04 per gram, against $30.92 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 51.3 on 16 July 2008, meaning one ounce of gold was worth roughly 51.3 ounces of silver.
A week before 16 July 2008, gold was around $927.30 per troy ounce, so the close of $961.80 is a gain of 3.7% over the week.
A month before 16 July 2008, gold was around $883.60 per troy ounce, so the close of $961.80 is a gain of 8.9% over the month.
A year before 16 July 2008, gold was around $665.00 per troy ounce. The close of $961.80 therefore represents a rise of 44.6% over twelve months.
It closed 4.13% below the highest close on record up to that date, which was set on 2008-03-18.