Distance from the record
This close sat 23.86% 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 4 December 2008, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 20 November 2008
Gold closed at $763.80 per troy ounce on 4 December 2008, down $5.000 (0.65%) from the previous close of $768.80.
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 23.86% 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 $801.30, making this a -4.68% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $763.80 per troy ounce on 4 December 2008. That is $5.00 lower than the previous close of $768.80, a move of -0.65%.
The gold price fell on 4 December 2008, losing $5.00 (0.65%) against the previous session's close of $768.80.
At $763.80 per troy ounce, one gram of pure gold was worth about $24.56 on 4 December 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 4 December 2008 18k gold was worth about $18.42 per gram and 14k about $14.32 per gram, against $24.56 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 80.5 on 4 December 2008, meaning one ounce of gold was worth roughly 80.5 ounces of silver.
A week before 4 December 2008, gold was around $808.50 per troy ounce, so the close of $763.80 is a loss of 5.5% over the week.
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 23.86% below the highest close on record up to that date, which was set on 2008-03-18.