Highest so far that week
This was the strongest close of the week up to that point.
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This page is a historical record of the gold price in 29 December 2008, not the current price.See today's gold price (11 September 2026)
Highest closing price since 1 December 2008
Gold closed at $874.60 per troy ounce on 29 December 2008, up $4.200 (0.48%) from the previous close of $870.40.
This close extended a run of 3 consecutive sessions of gains. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This was the strongest close of the week up to that point.
This close sat 12.82% 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 $839.60, making this a +4.17% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $874.60 per troy ounce on 29 December 2008. That is $4.20 higher than the previous close of $870.40, a move of 0.48%.
The gold price rose on 29 December 2008, gaining $4.20 (0.48%) against the previous session's close of $870.40.
At $874.60 per troy ounce, one gram of pure gold was worth about $28.12 on 29 December 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 29 December 2008 18k gold was worth about $21.09 per gram and 14k about $16.40 per gram, against $28.12 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 81.1 on 29 December 2008, meaning one ounce of gold was worth roughly 81.1 ounces of silver.
A week before 29 December 2008, gold was around $846.20 per troy ounce, so the close of $874.60 is a gain of 3.4% over the week.
A month before 29 December 2008, gold was around $816.20 per troy ounce, so the close of $874.60 is a gain of 7.2% over the month.
This close was session 3 of a consecutive run of gains. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 12.82% below the highest close on record up to that date, which was set on 2008-03-18.