Distance from the record
This close sat 8.05% 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 July 2008, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 8 July 2008
Gold closed at $922.40 per troy ounce on 23 July 2008, down $25.60 (2.70%) from the previous close of $948.00.
Gold lost 2.70% 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 8.05% 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 $680.80, making this a +35.49% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $922.40 per troy ounce on 23 July 2008. That is $25.60 lower than the previous close of $948.00, a move of -2.70%.
The gold price fell on 23 July 2008, losing $25.60 (2.70%) against the previous session's close of $948.00.
At $922.40 per troy ounce, one gram of pure gold was worth about $29.66 on 23 July 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 23 July 2008 18k gold was worth about $22.24 per gram and 14k about $17.30 per gram, against $29.66 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 53.0 on 23 July 2008, meaning one ounce of gold was worth roughly 53.0 ounces of silver.
A week before 23 July 2008, gold was around $961.80 per troy ounce, so the close of $922.40 is a loss of 4.1% over the week.
A year before 23 July 2008, gold was around $680.80 per troy ounce. The close of $922.40 therefore represents a rise of 35.5% over twelve months.
It closed 8.05% below the highest close on record up to that date, which was set on 2008-03-18.