Distance from the record
This close sat 5.83% 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 19 March 2008, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 25 February 2008
Gold closed at $944.70 per troy ounce on 19 March 2008, down $58.50 (5.83%) from the previous close of $1,003.20.
Notable session: moved more than 3% in a session.
Gold lost 5.83% in one session, far more than a normal day's range. Falls this size rarely happen in isolation — the days on either side give the move its context.
This close sat 5.83% 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 $653.10, making this a +44.65% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $944.70 per troy ounce on 19 March 2008. That is $58.50 lower than the previous close of $1,003.20, a move of -5.83%.
The gold price fell on 19 March 2008, losing $58.50 (5.83%) against the previous session's close of $1,003.20.
At $944.70 per troy ounce, one gram of pure gold was worth about $30.37 on 19 March 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 19 March 2008 18k gold was worth about $22.78 per gram and 14k about $17.72 per gram, against $30.37 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 51.4 on 19 March 2008, meaning one ounce of gold was worth roughly 51.4 ounces of silver.
A week before 19 March 2008, gold was around $978.80 per troy ounce, so the close of $944.70 is a loss of 3.5% over the week.
A year before 19 March 2008, gold was around $653.10 per troy ounce. The close of $944.70 therefore represents a rise of 44.6% over twelve months.
It closed 5.83% below the highest close on record up to that date, which was set on 2008-03-18.