Highest so far that week
This was the strongest close of the week up to that point.
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This page is a historical record of the gold price in 24 December 2008, not the current price.See today's gold price (11 September 2026)
Gold closed at $847.10 per troy ounce on 24 December 2008, up $9.900 (1.18%) from the previous close of $837.20.
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 was the strongest close of the week up to that point.
This close sat 15.56% 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 $812.80, making this a +4.22% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $847.10 per troy ounce on 24 December 2008. That is $9.90 higher than the previous close of $837.20, a move of 1.18%.
The gold price rose on 24 December 2008, gaining $9.90 (1.18%) against the previous session's close of $837.20.
At $847.10 per troy ounce, one gram of pure gold was worth about $27.23 on 24 December 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 24 December 2008 18k gold was worth about $20.43 per gram and 14k about $15.89 per gram, against $27.23 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 82.1 on 24 December 2008, meaning one ounce of gold was worth roughly 82.1 ounces of silver.
A week before 24 December 2008, gold was around $867.50 per troy ounce, so the close of $847.10 is a loss of 2.4% over the week.
It closed 15.56% below the highest close on record up to that date, which was set on 2008-03-18.