Distance from the record
This close sat 16.55% 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 23 December 2008, not the current price.See today's gold price (11 September 2026)
Gold closed at $837.20 per troy ounce on 23 December 2008, down $9.000 (1.06%) from the previous close of $846.20.
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 16.55% 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 $811.60, making this a +3.15% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $837.20 per troy ounce on 23 December 2008. That is $9.00 lower than the previous close of $846.20, a move of -1.06%.
The gold price fell on 23 December 2008, losing $9.00 (1.06%) against the previous session's close of $846.20.
At $837.20 per troy ounce, one gram of pure gold was worth about $26.92 on 23 December 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 23 December 2008 18k gold was worth about $20.19 per gram and 14k about $15.70 per gram, against $26.92 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 81.8 on 23 December 2008, meaning one ounce of gold was worth roughly 81.8 ounces of silver.
A month before 23 December 2008, gold was around $791.70 per troy ounce, so the close of $837.20 is a gain of 5.7% over the month.
It closed 16.55% below the highest close on record up to that date, which was set on 2008-03-18.