Distance from the record
This close sat 4.58% below the highest gold close recorded up to that date, set on 2008-03-18.
Loading…
This page is a historical record of the gold price in 18 July 2008, not the current price.See today's gold price (11 September 2026)
Gold closed at $957.30 per troy ounce on 18 July 2008, down $12.70 (1.31%) from the previous close of $970.00.
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 4.58% 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 $672.60, making this a +42.33% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $957.30 per troy ounce on 18 July 2008. That is $12.70 lower than the previous close of $970.00, a move of -1.31%.
The gold price fell on 18 July 2008, losing $12.70 (1.31%) against the previous session's close of $970.00.
At $957.30 per troy ounce, one gram of pure gold was worth about $30.78 on 18 July 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 18 July 2008 18k gold was worth about $23.08 per gram and 14k about $17.95 per gram, against $30.78 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 52.8 on 18 July 2008, meaning one ounce of gold was worth roughly 52.8 ounces of silver.
A month before 18 July 2008, gold was around $890.90 per troy ounce, so the close of $957.30 is a gain of 7.5% over the month.
A year before 18 July 2008, gold was around $672.60 per troy ounce. The close of $957.30 therefore represents a rise of 42.3% over twelve months.
It closed 4.58% below the highest close on record up to that date, which was set on 2008-03-18.