Distance from the record
This close sat 20.46% below the highest gold close recorded up to that date, set on 2008-03-18.
Loading…
This page is a historical record of the gold price in 4 September 2008, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 15 August 2008
Gold closed at $797.90 per troy ounce on 4 September 2008, down $4.800 (0.60%) from the previous close of $802.70.
This close extended a run of 4 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 20.46% 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 $682.50, making this a +16.91% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $797.90 per troy ounce on 4 September 2008. That is $4.80 lower than the previous close of $802.70, a move of -0.60%.
The gold price fell on 4 September 2008, losing $4.80 (0.60%) against the previous session's close of $802.70.
At $797.90 per troy ounce, one gram of pure gold was worth about $25.65 on 4 September 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 4 September 2008 18k gold was worth about $19.24 per gram and 14k about $14.96 per gram, against $25.65 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 62.1 on 4 September 2008, meaning one ounce of gold was worth roughly 62.1 ounces of silver.
A week before 4 September 2008, gold was around $830.90 per troy ounce, so the close of $797.90 is a loss of 4.0% over the week.
A month before 4 September 2008, gold was around $900.10 per troy ounce, so the close of $797.90 is a loss of 11.4% over the month.
A year before 4 September 2008, gold was around $682.50 per troy ounce. The close of $797.90 therefore represents a rise of 16.9% over twelve months.
This close was session 4 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 20.46% below the highest close on record up to that date, which was set on 2008-03-18.