Distance from the record
This close sat 26.11% 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 November 2008, not the current price.See today's gold price (11 September 2026)
Gold closed at $741.30 per troy ounce on 5 November 2008, down $14.70 (1.94%) from the previous close of $756.00.
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 close sat 26.11% 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 $808.10, making this a -8.27% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $741.30 per troy ounce on 5 November 2008. That is $14.70 lower than the previous close of $756.00, a move of -1.94%.
The gold price fell on 5 November 2008, losing $14.70 (1.94%) against the previous session's close of $756.00.
At $741.30 per troy ounce, one gram of pure gold was worth about $23.83 on 5 November 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 5 November 2008 18k gold was worth about $17.88 per gram and 14k about $13.90 per gram, against $23.83 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 70.9 on 5 November 2008, meaning one ounce of gold was worth roughly 70.9 ounces of silver.
A month before 5 November 2008, gold was around $828.90 per troy ounce, so the close of $741.30 is a loss of 10.6% over the month.
It closed 26.11% below the highest close on record up to that date, which was set on 2008-03-18.