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 28 August 2008, not the current price.See today's gold price (11 September 2026)
Gold closed at $830.90 per troy ounce on 28 August 2008, up $2.800 (0.34%) from the previous close of $828.10.
This close extended a run of 3 consecutive sessions of gains. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This was the strongest close of the week up to that point.
This close sat 17.18% 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 $664.40, making this a +25.06% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $830.90 per troy ounce on 28 August 2008. That is $2.80 higher than the previous close of $828.10, a move of 0.34%.
The gold price rose on 28 August 2008, gaining $2.80 (0.34%) against the previous session's close of $828.10.
At $830.90 per troy ounce, one gram of pure gold was worth about $26.71 on 28 August 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 28 August 2008 18k gold was worth about $20.04 per gram and 14k about $15.58 per gram, against $26.71 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 61.1 on 28 August 2008, meaning one ounce of gold was worth roughly 61.1 ounces of silver.
A month before 28 August 2008, gold was around $927.60 per troy ounce, so the close of $830.90 is a loss of 10.4% over the month.
A year before 28 August 2008, gold was around $664.40 per troy ounce. The close of $830.90 therefore represents a rise of 25.1% over twelve months.
This close was session 3 of a consecutive run of gains. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 17.18% below the highest close on record up to that date, which was set on 2008-03-18.