Distance from the record
This close sat 14.83% below the highest gold close recorded up to that date, set on 2026-01-29.
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This page is a historical record of the gold price in 28 August 2026, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 18 August 2026
Gold closed at $4,529.90 per troy ounce on 28 August 2026, down $137.50 (2.95%) from the previous close of $4,667.40.
Gold lost 2.95% in one session, far more than a normal day's range. Falls this size rarely happen in isolation — the days on either side give the move its context.
This close sat 14.83% below the highest gold close recorded up to that date, set on 2026-01-29.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $3,431.80, making this a +32.00% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $4,529.90 per troy ounce on 28 August 2026. That is $137.50 lower than the previous close of $4,667.40, a move of -2.95%.
The gold price fell on 28 August 2026, losing $137.50 (2.95%) against the previous session's close of $4,667.40.
At $4,529.90 per troy ounce, one gram of pure gold was worth about $145.64 on 28 August 2026. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 28 August 2026 18k gold was worth about $109.23 per gram and 14k about $84.96 per gram, against $145.64 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 66.8 on 28 August 2026, meaning one ounce of gold was worth roughly 66.8 ounces of silver.
A week before 28 August 2026, gold was around $4,680.60 per troy ounce, so the close of $4,529.90 is a loss of 3.2% over the week.
A month before 28 August 2026, gold was around $4,036.30 per troy ounce, so the close of $4,529.90 is a gain of 12.2% over the month.
A year before 28 August 2026, gold was around $3,431.80 per troy ounce. The close of $4,529.90 therefore represents a rise of 32.0% over twelve months.
It closed 14.83% below the highest close on record up to that date, which was set on 2026-01-29.