Distance from the record
This close sat 23.63% 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 21 October 2008, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 1 October 2008
Gold closed at $766.10 per troy ounce on 21 October 2008, down $21.50 (2.73%) from the previous close of $787.60.
Gold lost 2.73% 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 23.63% 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 +0.27% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $766.10 per troy ounce on 21 October 2008. That is $21.50 lower than the previous close of $787.60, a move of -2.73%.
The gold price fell on 21 October 2008, losing $21.50 (2.73%) against the previous session's close of $787.60.
At $766.10 per troy ounce, one gram of pure gold was worth about $24.63 on 21 October 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 21 October 2008 18k gold was worth about $18.47 per gram and 14k about $14.37 per gram, against $24.63 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 76.2 on 21 October 2008, meaning one ounce of gold was worth roughly 76.2 ounces of silver.
A week before 21 October 2008, gold was around $836.30 per troy ounce, so the close of $766.10 is a loss of 8.4% over the week.
A month before 21 October 2008, gold was around $860.60 per troy ounce, so the close of $766.10 is a loss of 11.0% over the month.
It closed 23.63% below the highest close on record up to that date, which was set on 2008-03-18.