Distance from the record
This close sat 26.90% 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 October 2008, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 1 October 2008
Gold closed at $733.30 per troy ounce on 22 October 2008, down $32.80 (4.28%) from the previous close of $766.10.
Notable session: moved more than 3% in a session.
Gold lost 4.28% 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 26.90% 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 $755.80, making this a -2.98% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $733.30 per troy ounce on 22 October 2008. That is $32.80 lower than the previous close of $766.10, a move of -4.28%.
The gold price fell on 22 October 2008, losing $32.80 (4.28%) against the previous session's close of $766.10.
At $733.30 per troy ounce, one gram of pure gold was worth about $23.58 on 22 October 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 22 October 2008 18k gold was worth about $17.68 per gram and 14k about $13.75 per gram, against $23.58 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 77.6 on 22 October 2008, meaning one ounce of gold was worth roughly 77.6 ounces of silver.
A week before 22 October 2008, gold was around $835.50 per troy ounce, so the close of $733.30 is a loss of 12.2% over the week.
A month before 22 October 2008, gold was around $903.90 per troy ounce, so the close of $733.30 is a loss of 18.9% over the month.
It closed 26.90% below the highest close on record up to that date, which was set on 2008-03-18.