Distance from the record
This close sat 26.31% 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 October 2008, not the current price.See today's gold price (11 September 2026)
Gold closed at $739.30 per troy ounce on 28 October 2008, down $2.400 (0.32%) from the previous close of $741.70.
This close sat 26.31% 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 -5.69% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $739.30 per troy ounce on 28 October 2008. That is $2.40 lower than the previous close of $741.70, a move of -0.32%.
The gold price fell on 28 October 2008, losing $2.40 (0.32%) against the previous session's close of $741.70.
At $739.30 per troy ounce, one gram of pure gold was worth about $23.77 on 28 October 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 28 October 2008 18k gold was worth about $17.83 per gram and 14k about $13.87 per gram, against $23.77 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 84.1 on 28 October 2008, meaning one ounce of gold was worth roughly 84.1 ounces of silver.
A week before 28 October 2008, gold was around $766.10 per troy ounce, so the close of $739.30 is a loss of 3.5% over the week.
A month before 28 October 2008, gold was around $882.90 per troy ounce, so the close of $739.30 is a loss of 16.3% over the month.
It closed 26.31% below the highest close on record up to that date, which was set on 2008-03-18.