Highest so far that month
No earlier session that month closed above this level.
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This page is a historical record of the gold price in 3 November 2008, not the current price.See today's gold price (11 September 2026)
Gold closed at $725.40 per troy ounce on 3 November 2008, up $8.600 (1.20%) from the previous close of $716.80.
Gold moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
No earlier session that month closed above this level.
This close sat 27.69% below the highest gold close recorded up to that date, set on 2008-03-18.
One of the ten lowest gold closes of that year, ranking 246 of 251 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $805.70, making this a -9.97% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $725.40 per troy ounce on 3 November 2008. That is $8.60 higher than the previous close of $716.80, a move of 1.20%.
The gold price rose on 3 November 2008, gaining $8.60 (1.20%) against the previous session's close of $716.80.
At $725.40 per troy ounce, one gram of pure gold was worth about $23.32 on 3 November 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 3 November 2008 18k gold was worth about $17.49 per gram and 14k about $13.60 per gram, against $23.32 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 74.4 on 3 November 2008, meaning one ounce of gold was worth roughly 74.4 ounces of silver.
A week before 3 November 2008, gold was around $741.70 per troy ounce, so the close of $725.40 is a loss of 2.2% over the week.
A month before 3 November 2008, gold was around $828.90 per troy ounce, so the close of $725.40 is a loss of 12.5% over the month.
It closed 27.69% below the highest close on record up to that date, which was set on 2008-03-18.