Distance from the record
This close sat 2.45% 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 17 January 2008, not the current price.See today's gold price (11 September 2026)
Gold closed at $879.50 per troy ounce on 17 January 2008, down $1.100 (0.12%) from the previous close of $880.60.
This close extended a run of 3 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 2.45% 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 $632.10, making this a +39.14% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $879.50 per troy ounce on 17 January 2008. That is $1.10 lower than the previous close of $880.60, a move of -0.12%.
The gold price fell on 17 January 2008, losing $1.10 (0.12%) against the previous session's close of $880.60.
At $879.50 per troy ounce, one gram of pure gold was worth about $28.28 on 17 January 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 17 January 2008 18k gold was worth about $21.21 per gram and 14k about $16.49 per gram, against $28.28 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 55.2 on 17 January 2008, meaning one ounce of gold was worth roughly 55.2 ounces of silver.
A month before 17 January 2008, gold was around $794.80 per troy ounce, so the close of $879.50 is a gain of 10.7% over the month.
A year before 17 January 2008, gold was around $632.10 per troy ounce. The close of $879.50 therefore represents a rise of 39.1% over twelve months.
This close was session 3 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 2.45% below the highest close on record up to that date, which was set on 2008-01-14.