Distance from the record
This close sat 2.31% 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 18 January 2008, not the current price.See today's gold price (11 September 2026)
Gold closed at $880.80 per troy ounce on 18 January 2008, up $1.300 (0.15%) from the previous close of $879.50.
Gold barely moved, closing within 0.15% of the previous session. Flat days are the majority of any price series and are most useful as the baseline the notable days are measured against.
This close sat 2.31% 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 $627.10, making this a +40.46% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $880.80 per troy ounce on 18 January 2008. That is $1.30 higher than the previous close of $879.50, a move of 0.15%.
The gold price rose on 18 January 2008, gaining $1.30 (0.15%) against the previous session's close of $879.50.
At $880.80 per troy ounce, one gram of pure gold was worth about $28.32 on 18 January 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 18 January 2008 18k gold was worth about $21.24 per gram and 14k about $16.52 per gram, against $28.32 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 54.6 on 18 January 2008, meaning one ounce of gold was worth roughly 54.6 ounces of silver.
A month before 18 January 2008, gold was around $803.00 per troy ounce, so the close of $880.80 is a gain of 9.7% over the month.
A year before 18 January 2008, gold was around $627.10 per troy ounce. The close of $880.80 therefore represents a rise of 40.5% over twelve months.
It closed 2.31% below the highest close on record up to that date, which was set on 2008-01-14.