Distance from the record
This close sat 17.52% 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 22 August 2008, not the current price.See today's gold price (11 September 2026)
Gold closed at $827.40 per troy ounce on 22 August 2008, down $5.600 (0.67%) from the previous close of $833.00.
This close sat 17.52% 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 $659.10, making this a +25.53% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $827.40 per troy ounce on 22 August 2008. That is $5.60 lower than the previous close of $833.00, a move of -0.67%.
The gold price fell on 22 August 2008, losing $5.60 (0.67%) against the previous session's close of $833.00.
At $827.40 per troy ounce, one gram of pure gold was worth about $26.60 on 22 August 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 22 August 2008 18k gold was worth about $19.95 per gram and 14k about $15.52 per gram, against $26.60 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 61.4 on 22 August 2008, meaning one ounce of gold was worth roughly 61.4 ounces of silver.
A week before 22 August 2008, gold was around $786.00 per troy ounce, so the close of $827.40 is a gain of 5.3% over the week.
A month before 22 August 2008, gold was around $948.00 per troy ounce, so the close of $827.40 is a loss of 12.7% over the month.
A year before 22 August 2008, gold was around $659.10 per troy ounce. The close of $827.40 therefore represents a rise of 25.5% over twelve months.
It closed 17.52% below the highest close on record up to that date, which was set on 2008-03-18.