Highest so far that week
This was the strongest close of the week up to that point.
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This page is a historical record of the gold price in 20 October 2008, not the current price.See today's gold price (11 September 2026)
Gold closed at $787.60 per troy ounce on 20 October 2008, up $2.500 (0.32%) from the previous close of $785.10.
This was the strongest close of the week up to that point.
This close sat 21.49% 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 $764.00, making this a +3.09% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $787.60 per troy ounce on 20 October 2008. That is $2.50 higher than the previous close of $785.10, a move of 0.32%.
The gold price rose on 20 October 2008, gaining $2.50 (0.32%) against the previous session's close of $785.10.
At $787.60 per troy ounce, one gram of pure gold was worth about $25.32 on 20 October 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 20 October 2008 18k gold was worth about $18.99 per gram and 14k about $14.77 per gram, against $25.32 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 81.5 on 20 October 2008, meaning one ounce of gold was worth roughly 81.5 ounces of silver.
A week before 20 October 2008, gold was around $838.90 per troy ounce, so the close of $787.60 is a loss of 6.1% over the week.
A month before 20 October 2008, gold was around $860.60 per troy ounce, so the close of $787.60 is a loss of 8.5% over the month.
It closed 21.49% below the highest close on record up to that date, which was set on 2008-03-18.