Distance from the record
This close sat 17.33% 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 29 August 2008, not the current price.See today's gold price (11 September 2026)
Gold closed at $829.30 per troy ounce on 29 August 2008, down $1.600 (0.19%) from the previous close of $830.90.
This close sat 17.33% 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 $666.30, making this a +24.46% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $829.30 per troy ounce on 29 August 2008. That is $1.60 lower than the previous close of $830.90, a move of -0.19%.
The gold price fell on 29 August 2008, losing $1.60 (0.19%) against the previous session's close of $830.90.
At $829.30 per troy ounce, one gram of pure gold was worth about $26.66 on 29 August 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 29 August 2008 18k gold was worth about $20.00 per gram and 14k about $15.55 per gram, against $26.66 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 60.9 on 29 August 2008, meaning one ounce of gold was worth roughly 60.9 ounces of silver.
A month before 29 August 2008, gold was around $916.40 per troy ounce, so the close of $829.30 is a loss of 9.5% over the month.
A year before 29 August 2008, gold was around $666.30 per troy ounce. The close of $829.30 therefore represents a rise of 24.5% over twelve months.
It closed 17.33% below the highest close on record up to that date, which was set on 2008-03-18.