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 October 2008, not the current price.See today's gold price (11 September 2026)
Gold closed at $741.70 per troy ounce on 27 October 2008, up $12.60 (1.73%) from the previous close of $729.10.
This was the strongest close of the week up to that point.
This close sat 26.07% 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 $783.90, making this a -5.38% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $741.70 per troy ounce on 27 October 2008. That is $12.60 higher than the previous close of $729.10, a move of 1.73%.
The gold price rose on 27 October 2008, gaining $12.60 (1.73%) against the previous session's close of $729.10.
At $741.70 per troy ounce, one gram of pure gold was worth about $23.85 on 27 October 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 27 October 2008 18k gold was worth about $17.88 per gram and 14k about $13.91 per gram, against $23.85 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 80.7 on 27 October 2008, meaning one ounce of gold was worth roughly 80.7 ounces of silver.
A week before 27 October 2008, gold was around $787.60 per troy ounce, so the close of $741.70 is a loss of 5.8% over the week.
A month before 27 October 2008, gold was around $882.90 per troy ounce, so the close of $741.70 is a loss of 16.0% over the month.
It closed 26.07% below the highest close on record up to that date, which was set on 2008-03-18.