Distance from the record
This close sat 8.50% 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 May 2008, not the current price.See today's gold price (11 September 2026)
Gold closed at $917.90 per troy ounce on 22 May 2008, down $10.10 (1.09%) from the previous close of $928.00.
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 8.50% 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 $659.10, making this a +39.27% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $917.90 per troy ounce on 22 May 2008. That is $10.10 lower than the previous close of $928.00, a move of -1.09%.
The gold price fell on 22 May 2008, losing $10.10 (1.09%) against the previous session's close of $928.00.
At $917.90 per troy ounce, one gram of pure gold was worth about $29.51 on 22 May 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 22 May 2008 18k gold was worth about $22.13 per gram and 14k about $17.21 per gram, against $29.51 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 51.1 on 22 May 2008, meaning one ounce of gold was worth roughly 51.1 ounces of silver.
A week before 22 May 2008, gold was around $879.00 per troy ounce, so the close of $917.90 is a gain of 4.4% over the week.
A year before 22 May 2008, gold was around $659.10 per troy ounce. The close of $917.90 therefore represents a rise of 39.3% over twelve months.
It closed 8.50% below the highest close on record up to that date, which was set on 2008-03-18.