Distance from the record
This close sat 4.44% below the highest gold close recorded up to that date, set on 2008-01-28.
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This page is a historical record of the gold price in 5 February 2008, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 23 January 2008
Gold closed at $885.90 per troy ounce on 5 February 2008, down $19.00 (2.10%) from the previous close of $904.90.
Notable session: lowest close of the month.
Gold lost 2.10% 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 4.44% below the highest gold close recorded up to that date, set on 2008-01-28.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $650.90, making this a +36.10% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $885.90 per troy ounce on 5 February 2008. That is $19.00 lower than the previous close of $904.90, a move of -2.10%.
The gold price fell on 5 February 2008, losing $19.00 (2.10%) against the previous session's close of $904.90.
At $885.90 per troy ounce, one gram of pure gold was worth about $28.48 on 5 February 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 5 February 2008 18k gold was worth about $21.36 per gram and 14k about $16.61 per gram, against $28.48 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 54.3 on 5 February 2008, meaning one ounce of gold was worth roughly 54.3 ounces of silver.
A week before 5 February 2008, gold was around $925.10 per troy ounce, so the close of $885.90 is a loss of 4.2% over the week.
A year before 5 February 2008, gold was around $650.90 per troy ounce. The close of $885.90 therefore represents a rise of 36.1% over twelve months.
It closed 4.44% below the highest close on record up to that date, which was set on 2008-01-28.