Distance from the record
This close sat 12.29% 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 June 2008, not the current price.See today's gold price (11 September 2026)
Gold closed at $879.90 per troy ounce on 4 June 2008, down $1.700 (0.19%) from the previous close of $881.60.
This close sat 12.29% 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 $670.70, making this a +31.19% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $879.90 per troy ounce on 4 June 2008. That is $1.70 lower than the previous close of $881.60, a move of -0.19%.
The gold price fell on 4 June 2008, losing $1.70 (0.19%) against the previous session's close of $881.60.
At $879.90 per troy ounce, one gram of pure gold was worth about $28.29 on 4 June 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 4 June 2008 18k gold was worth about $21.22 per gram and 14k about $16.50 per gram, against $28.29 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 52.0 on 4 June 2008, meaning one ounce of gold was worth roughly 52.0 ounces of silver.
A week before 4 June 2008, gold was around $900.50 per troy ounce, so the close of $879.90 is a loss of 2.3% over the week.
A year before 4 June 2008, gold was around $670.70 per troy ounce. The close of $879.90 therefore represents a rise of 31.2% over twelve months.
It closed 12.29% below the highest close on record up to that date, which was set on 2008-03-18.