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 27 May 2008, not the current price.See today's gold price (11 September 2026)
Gold closed at $907.70 per troy ounce on 27 May 2008, down $17.90 (1.93%) from the previous close of $925.60.
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 9.52% 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 $655.10, making this a +38.56% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $907.70 per troy ounce on 27 May 2008. That is $17.90 lower than the previous close of $925.60, a move of -1.93%.
The gold price fell on 27 May 2008, losing $17.90 (1.93%) against the previous session's close of $925.60.
At $907.70 per troy ounce, one gram of pure gold was worth about $29.18 on 27 May 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 27 May 2008 18k gold was worth about $21.89 per gram and 14k about $17.02 per gram, against $29.18 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 52.1 on 27 May 2008, meaning one ounce of gold was worth roughly 52.1 ounces of silver.
A year before 27 May 2008, gold was around $655.10 per troy ounce. The close of $907.70 therefore represents a rise of 38.6% over twelve months.
It closed 9.52% below the highest close on record up to that date, which was set on 2008-03-18.