Distance from the record
This close sat 12.42% 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 5 August 2008, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 13 June 2008
Gold closed at $878.60 per troy ounce on 5 August 2008, down $21.50 (2.39%) from the previous close of $900.10.
Gold lost 2.39% in one session, far more than a normal day's range. Falls this size rarely happen in isolation — the days on either side give the move its context.
This close sat 12.42% 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 $672.50, making this a +30.65% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $878.60 per troy ounce on 5 August 2008. That is $21.50 lower than the previous close of $900.10, a move of -2.39%.
The gold price fell on 5 August 2008, losing $21.50 (2.39%) against the previous session's close of $900.10.
At $878.60 per troy ounce, one gram of pure gold was worth about $28.25 on 5 August 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 5 August 2008 18k gold was worth about $21.19 per gram and 14k about $16.48 per gram, against $28.25 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 53.1 on 5 August 2008, meaning one ounce of gold was worth roughly 53.1 ounces of silver.
A week before 5 August 2008, gold was around $916.40 per troy ounce, so the close of $878.60 is a loss of 4.1% over the week.
A month before 5 August 2008, gold was around $931.90 per troy ounce, so the close of $878.60 is a loss of 5.7% over the month.
A year before 5 August 2008, gold was around $672.50 per troy ounce. The close of $878.60 therefore represents a rise of 30.6% over twelve months.
It closed 12.42% below the highest close on record up to that date, which was set on 2008-03-18.