Distance from the record
This close sat 14.21% 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 September 2008, not the current price.See today's gold price (11 September 2026)
Gold falls 3.6% in a single session
Gold closed at $860.60 per troy ounce on 19 September 2008, down $32.10 (3.60%) from the previous close of $892.70.
Notable session: moved more than 3% in a session.
Gold lost 3.60% 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 14.21% 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 $722.00, making this a +19.20% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $860.60 per troy ounce on 19 September 2008. That is $32.10 lower than the previous close of $892.70, a move of -3.60%.
The gold price fell on 19 September 2008, losing $32.10 (3.60%) against the previous session's close of $892.70.
At $860.60 per troy ounce, one gram of pure gold was worth about $27.67 on 19 September 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 19 September 2008 18k gold was worth about $20.75 per gram and 14k about $16.14 per gram, against $27.67 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 69.3 on 19 September 2008, meaning one ounce of gold was worth roughly 69.3 ounces of silver.
A week before 19 September 2008, gold was around $760.30 per troy ounce, so the close of $860.60 is a gain of 13.2% over the week.
A month before 19 September 2008, gold was around $811.10 per troy ounce, so the close of $860.60 is a gain of 6.1% over the month.
A year before 19 September 2008, gold was around $722.00 per troy ounce. The close of $860.60 therefore represents a rise of 19.2% over twelve months.
It closed 14.21% below the highest close on record up to that date, which was set on 2008-03-18.