Distance from the record
This close sat 14.31% 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 18 December 2008, not the current price.See today's gold price (11 September 2026)
Gold closed at $859.60 per troy ounce on 18 December 2008, down $7.900 (0.91%) from the previous close of $867.50.
This close sat 14.31% 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 $803.00, making this a +7.05% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $859.60 per troy ounce on 18 December 2008. That is $7.90 lower than the previous close of $867.50, a move of -0.91%.
The gold price fell on 18 December 2008, losing $7.90 (0.91%) against the previous session's close of $867.50.
At $859.60 per troy ounce, one gram of pure gold was worth about $27.64 on 18 December 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 18 December 2008 18k gold was worth about $20.73 per gram and 14k about $16.12 per gram, against $27.64 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 77.5 on 18 December 2008, meaning one ounce of gold was worth roughly 77.5 ounces of silver.
A week before 18 December 2008, gold was around $824.90 per troy ounce, so the close of $859.60 is a gain of 4.2% over the week.
A month before 18 December 2008, gold was around $732.60 per troy ounce, so the close of $859.60 is a gain of 17.3% over the month.
It closed 14.31% below the highest close on record up to that date, which was set on 2008-03-18.