Distance from the record
This close sat 36.23% below the highest gold close recorded up to that date, set on 2011-08-22.
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This page is a historical record of the gold price in 29 August 2018, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,204.50 per troy ounce on 29 August 2018, down $2.900 (0.24%) from the previous close of $1,207.40.
This close sat 36.23% below the highest gold close recorded up to that date, set on 2011-08-22.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,313.10, making this a -8.27% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,204.50 per troy ounce on 29 August 2018. That is $2.90 lower than the previous close of $1,207.40, a move of -0.24%.
The gold price fell on 29 August 2018, losing $2.90 (0.24%) against the previous session's close of $1,207.40.
At $1,204.50 per troy ounce, one gram of pure gold was worth about $38.73 on 29 August 2018. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 29 August 2018 18k gold was worth about $29.04 per gram and 14k about $22.59 per gram, against $38.73 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 82.0 on 29 August 2018, meaning one ounce of gold was worth roughly 82.0 ounces of silver.
It closed 36.23% below the highest close on record up to that date, which was set on 2011-08-22.