Distance from the record
This close sat 22.12% 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 2 December 2008, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 20 November 2008
Gold closed at $781.30 per troy ounce on 2 December 2008, down $102.30 (11.58%) from the previous close of $883.60.
Notable session: one of the largest single-day moves on record; moved more than 3% in a session.
Gold lost 11.58% 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 22.12% 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 $782.20, making this a -0.12% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $781.30 per troy ounce on 2 December 2008. That is $102.30 lower than the previous close of $883.60, a move of -11.58%.
The gold price fell on 2 December 2008, losing $102.30 (11.58%) against the previous session's close of $883.60.
At $781.30 per troy ounce, one gram of pure gold was worth about $25.12 on 2 December 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 2 December 2008 18k gold was worth about $18.84 per gram and 14k about $14.65 per gram, against $25.12 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 81.5 on 2 December 2008, meaning one ounce of gold was worth roughly 81.5 ounces of silver.
A week before 2 December 2008, gold was around $818.40 per troy ounce, so the close of $781.30 is a loss of 4.5% over the week.
A month before 2 December 2008, gold was around $716.80 per troy ounce, so the close of $781.30 is a gain of 9.0% over the month.
It closed 22.12% below the highest close on record up to that date, which was set on 2008-03-18.