Distance from the record
This close sat 5.50% 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 July 2008, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 10 July 2008
Gold closed at $948.00 per troy ounce on 22 July 2008, down $15.10 (1.57%) from the previous close of $963.10.
Gold moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
This close sat 5.50% 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 $683.90, making this a +38.62% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $948.00 per troy ounce on 22 July 2008. That is $15.10 lower than the previous close of $963.10, a move of -1.57%.
The gold price fell on 22 July 2008, losing $15.10 (1.57%) against the previous session's close of $963.10.
At $948.00 per troy ounce, one gram of pure gold was worth about $30.48 on 22 July 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 22 July 2008 18k gold was worth about $22.86 per gram and 14k about $17.78 per gram, against $30.48 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 52.8 on 22 July 2008, meaning one ounce of gold was worth roughly 52.8 ounces of silver.
A week before 22 July 2008, gold was around $977.70 per troy ounce, so the close of $948.00 is a loss of 3.0% over the week.
A month before 22 July 2008, gold was around $901.30 per troy ounce, so the close of $948.00 is a gain of 5.2% over the month.
A year before 22 July 2008, gold was around $683.90 per troy ounce. The close of $948.00 therefore represents a rise of 38.6% over twelve months.
It closed 5.50% below the highest close on record up to that date, which was set on 2008-03-18.