Distance from the record
This close sat 19.99% 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 September 2008, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 18 August 2008
Gold closed at $802.70 per troy ounce on 3 September 2008, down $2.300 (0.29%) from the previous close of $805.00.
This close extended a run of 3 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 19.99% 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 $673.00, making this a +19.27% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $802.70 per troy ounce on 3 September 2008. That is $2.30 lower than the previous close of $805.00, a move of -0.29%.
The gold price fell on 3 September 2008, losing $2.30 (0.29%) against the previous session's close of $805.00.
At $802.70 per troy ounce, one gram of pure gold was worth about $25.81 on 3 September 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 3 September 2008 18k gold was worth about $19.36 per gram and 14k about $15.05 per gram, against $25.81 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 62.4 on 3 September 2008, meaning one ounce of gold was worth roughly 62.4 ounces of silver.
A week before 3 September 2008, gold was around $828.10 per troy ounce, so the close of $802.70 is a loss of 3.1% over the week.
A month before 3 September 2008, gold was around $913.90 per troy ounce, so the close of $802.70 is a loss of 12.2% over the month.
A year before 3 September 2008, gold was around $673.00 per troy ounce. The close of $802.70 therefore represents a rise of 19.3% over twelve months.
This close was session 3 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 19.99% below the highest close on record up to that date, which was set on 2008-03-18.