Highest so far that week
This was the strongest close of the week up to that point.
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This page is a historical record of the gold price in 5 May 2008, not the current price.See today's gold price (11 September 2026)
Gold closed at $872.30 per troy ounce on 5 May 2008, up $16.20 (1.89%) from the previous close of $856.10.
Gold moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
This was the strongest close of the week up to that point.
This close sat 13.05% 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 $687.20, making this a +26.94% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $872.30 per troy ounce on 5 May 2008. That is $16.20 higher than the previous close of $856.10, a move of 1.89%.
The gold price rose on 5 May 2008, gaining $16.20 (1.89%) against the previous session's close of $856.10.
At $872.30 per troy ounce, one gram of pure gold was worth about $28.05 on 5 May 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 5 May 2008 18k gold was worth about $21.03 per gram and 14k about $16.36 per gram, against $28.05 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 52.1 on 5 May 2008, meaning one ounce of gold was worth roughly 52.1 ounces of silver.
A week before 5 May 2008, gold was around $892.90 per troy ounce, so the close of $872.30 is a loss of 2.3% over the week.
A year before 5 May 2008, gold was around $687.20 per troy ounce. The close of $872.30 therefore represents a rise of 26.9% over twelve months.
It closed 13.05% below the highest close on record up to that date, which was set on 2008-03-18.