Distance from the record
This close sat 27.32% 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 24 October 2008, not the current price.See today's gold price (11 September 2026)
Gold closed at $729.10 per troy ounce on 24 October 2008, up $15.80 (2.22%) from the previous close of $713.30.
This was a 2.22% move in one session — well beyond a typical day for gold. Moves this size are usually a reaction to something specific rather than ordinary drift, so the surrounding news is worth checking alongside the number.
This close sat 27.32% below the highest gold close recorded up to that date, set on 2008-03-18.
One of the ten lowest gold closes of that year, ranking 245 of 251 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $761.60, making this a -4.27% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $729.10 per troy ounce on 24 October 2008. That is $15.80 higher than the previous close of $713.30, a move of 2.22%.
The gold price rose on 24 October 2008, gaining $15.80 (2.22%) against the previous session's close of $713.30.
At $729.10 per troy ounce, one gram of pure gold was worth about $23.44 on 24 October 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 24 October 2008 18k gold was worth about $17.58 per gram and 14k about $13.67 per gram, against $23.44 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 78.4 on 24 October 2008, meaning one ounce of gold was worth roughly 78.4 ounces of silver.
A week before 24 October 2008, gold was around $785.10 per troy ounce, so the close of $729.10 is a loss of 7.1% over the week.
A month before 24 October 2008, gold was around $889.00 per troy ounce, so the close of $729.10 is a loss of 18.0% over the month.
It closed 27.32% below the highest close on record up to that date, which was set on 2008-03-18.