Distance from the record
This close sat 10.24% 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 28 May 2008, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 16 May 2008
Gold closed at $900.50 per troy ounce on 28 May 2008, down $7.200 (0.79%) from the previous close of $907.70.
This close sat 10.24% 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 +37.46% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $900.50 per troy ounce on 28 May 2008. That is $7.20 lower than the previous close of $907.70, a move of -0.79%.
The gold price fell on 28 May 2008, losing $7.20 (0.79%) against the previous session's close of $907.70.
At $900.50 per troy ounce, one gram of pure gold was worth about $28.95 on 28 May 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 28 May 2008 18k gold was worth about $21.71 per gram and 14k about $16.89 per gram, against $28.95 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 51.8 on 28 May 2008, meaning one ounce of gold was worth roughly 51.8 ounces of silver.
A week before 28 May 2008, gold was around $928.00 per troy ounce, so the close of $900.50 is a loss of 3.0% over the week.
A year before 28 May 2008, gold was around $655.10 per troy ounce. The close of $900.50 therefore represents a rise of 37.5% over twelve months.
It closed 10.24% below the highest close on record up to that date, which was set on 2008-03-18.