Distance from the record
This close sat 12.40% 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 January 2009, not the current price.See today's gold price (11 September 2026)
Gold falls 5.2% in a single session
Gold closed at $878.80 per troy ounce on 2 January 2009, down $48.50 (5.23%) from the previous close of $927.30.
Notable session: moved more than 3% in a session.
Gold lost 5.23% 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 12.40% 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 $857.00, making this a +2.54% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $878.80 per troy ounce on 2 January 2009. That is $48.50 lower than the previous close of $927.30, a move of -5.23%.
The gold price fell on 2 January 2009, losing $48.50 (5.23%) against the previous session's close of $927.30.
At $878.80 per troy ounce, one gram of pure gold was worth about $28.25 on 2 January 2009. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 2 January 2009 18k gold was worth about $21.19 per gram and 14k about $16.48 per gram, against $28.25 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 76.7 on 2 January 2009, meaning one ounce of gold was worth roughly 76.7 ounces of silver.
A month before 2 January 2009, gold was around $781.30 per troy ounce, so the close of $878.80 is a gain of 12.5% over the month.
It closed 12.40% below the highest close on record up to that date, which was set on 2008-03-18.