Distance from the record
This close sat 23.37% 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 3 December 2008, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 20 November 2008
Gold closed at $768.80 per troy ounce on 3 December 2008, down $12.50 (1.60%) from the previous close of $781.30.
This close sat 23.37% 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 $788.30, making this a -2.47% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $768.80 per troy ounce on 3 December 2008. That is $12.50 lower than the previous close of $781.30, a move of -1.60%.
The gold price fell on 3 December 2008, losing $12.50 (1.60%) against the previous session's close of $781.30.
At $768.80 per troy ounce, one gram of pure gold was worth about $24.72 on 3 December 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 3 December 2008 18k gold was worth about $18.54 per gram and 14k about $14.42 per gram, against $24.72 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 80.4 on 3 December 2008, meaning one ounce of gold was worth roughly 80.4 ounces of silver.
A week before 3 December 2008, gold was around $808.50 per troy ounce, so the close of $768.80 is a loss of 4.9% over the week.
A month before 3 December 2008, gold was around $725.40 per troy ounce, so the close of $768.80 is a gain of 6.0% over the month.
It closed 23.37% below the highest close on record up to that date, which was set on 2008-03-18.