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 31 March 2008, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 15 February 2008
Gold closed at $916.20 per troy ounce on 31 March 2008, down $14.40 (1.55%) from the previous close of $930.60.
Notable session: lowest close of the month.
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 was the strongest close of the week up to that point.
This close sat 8.67% 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 $663.00, making this a +38.19% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $916.20 per troy ounce on 31 March 2008. That is $14.40 lower than the previous close of $930.60, a move of -1.55%.
The gold price fell on 31 March 2008, losing $14.40 (1.55%) against the previous session's close of $930.60.
At $916.20 per troy ounce, one gram of pure gold was worth about $29.46 on 31 March 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 31 March 2008 18k gold was worth about $22.09 per gram and 14k about $17.18 per gram, against $29.46 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 53.0 on 31 March 2008, meaning one ounce of gold was worth roughly 53.0 ounces of silver.
A month before 31 March 2008, gold was around $972.10 per troy ounce, so the close of $916.20 is a loss of 5.8% over the month.
A year before 31 March 2008, gold was around $663.00 per troy ounce. The close of $916.20 therefore represents a rise of 38.2% 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 8.67% below the highest close on record up to that date, which was set on 2008-03-18.