Distance from the record
This close sat 22.60% 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 September 2008, not the current price.See today's gold price (11 September 2026)
Gold closed at $776.50 per troy ounce on 16 September 2008, down $6.600 (0.84%) from the previous close of $783.10.
This close sat 22.60% 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 $709.60, making this a +9.43% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $776.50 per troy ounce on 16 September 2008. That is $6.60 lower than the previous close of $783.10, a move of -0.84%.
The gold price fell on 16 September 2008, losing $6.60 (0.84%) against the previous session's close of $783.10.
At $776.50 per troy ounce, one gram of pure gold was worth about $24.97 on 16 September 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 September 2008 18k gold was worth about $18.72 per gram and 14k about $14.56 per gram, against $24.97 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 74.2 on 16 September 2008, meaning one ounce of gold was worth roughly 74.2 ounces of silver.
It closed 22.60% below the highest close on record up to that date, which was set on 2008-03-18.