Distance from the record
This close sat 17.37% 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 October 2008, not the current price.See today's gold price (11 September 2026)
Gold closed at $828.90 per troy ounce on 3 October 2008, down $10.10 (1.20%) from the previous close of $839.00.
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.
This close sat 17.37% 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 $729.30, making this a +13.66% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $828.90 per troy ounce on 3 October 2008. That is $10.10 lower than the previous close of $839.00, a move of -1.20%.
The gold price fell on 3 October 2008, losing $10.10 (1.20%) against the previous session's close of $839.00.
At $828.90 per troy ounce, one gram of pure gold was worth about $26.65 on 3 October 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 3 October 2008 18k gold was worth about $19.99 per gram and 14k about $15.55 per gram, against $26.65 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 73.5 on 3 October 2008, meaning one ounce of gold was worth roughly 73.5 ounces of silver.
A week before 3 October 2008, gold was around $882.90 per troy ounce, so the close of $828.90 is a loss of 6.1% over the week.
A year before 3 October 2008, gold was around $729.30 per troy ounce. The close of $828.90 therefore represents a rise of 13.7% over twelve months.
It closed 17.37% below the highest close on record up to that date, which was set on 2008-03-18.