Distance from the record
This close sat 13.10% 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 June 2008, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 14 May 2008
Gold closed at $871.80 per troy ounce on 5 June 2008, down $8.100 (0.92%) from the previous close of $879.90.
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 13.10% 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 $669.60, making this a +30.20% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $871.80 per troy ounce on 5 June 2008. That is $8.10 lower than the previous close of $879.90, a move of -0.92%.
The gold price fell on 5 June 2008, losing $8.10 (0.92%) against the previous session's close of $879.90.
At $871.80 per troy ounce, one gram of pure gold was worth about $28.03 on 5 June 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 5 June 2008 18k gold was worth about $21.02 per gram and 14k about $16.35 per gram, against $28.03 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 50.9 on 5 June 2008, meaning one ounce of gold was worth roughly 50.9 ounces of silver.
A year before 5 June 2008, gold was around $669.60 per troy ounce. The close of $871.80 therefore represents a rise of 30.2% over twelve months.
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 13.10% below the highest close on record up to that date, which was set on 2008-03-18.