Distance from the record
This close sat 5.42% 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 27 March 2008, not the current price.See today's gold price (11 September 2026)
Gold closed at $948.80 per troy ounce on 27 March 2008, down $0.200 (0.02%) from the previous close of $949.00.
Gold barely moved, closing within 0.02% of the previous session. Flat days are the majority of any price series and are most useful as the baseline the notable days are measured against.
This close sat 5.42% 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 $662.10, making this a +43.30% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $948.80 per troy ounce on 27 March 2008. That is $0.20 lower than the previous close of $949.00, a move of -0.02%.
The gold price fell on 27 March 2008, losing $0.20 (0.02%) against the previous session's close of $949.00.
At $948.80 per troy ounce, one gram of pure gold was worth about $30.50 on 27 March 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 27 March 2008 18k gold was worth about $22.88 per gram and 14k about $17.79 per gram, against $30.50 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 51.3 on 27 March 2008, meaning one ounce of gold was worth roughly 51.3 ounces of silver.
A week before 27 March 2008, gold was around $919.60 per troy ounce, so the close of $948.80 is a gain of 3.2% over the week.
A year before 27 March 2008, gold was around $662.10 per troy ounce. The close of $948.80 therefore represents a rise of 43.3% over twelve months.
It closed 5.42% below the highest close on record up to that date, which was set on 2008-03-18.