Distance from the record
This close sat 20.49% 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 September 2008, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 15 August 2008
Gold closed at $797.60 per troy ounce on 5 September 2008, down $0.300 (0.04%) from the previous close of $797.90.
This close extended a run of 5 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 20.49% 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 $681.70, making this a +17.00% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $797.60 per troy ounce on 5 September 2008. That is $0.30 lower than the previous close of $797.90, a move of -0.04%.
The gold price fell on 5 September 2008, losing $0.30 (0.04%) against the previous session's close of $797.90.
At $797.60 per troy ounce, one gram of pure gold was worth about $25.64 on 5 September 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 5 September 2008 18k gold was worth about $19.23 per gram and 14k about $14.96 per gram, against $25.64 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 65.1 on 5 September 2008, meaning one ounce of gold was worth roughly 65.1 ounces of silver.
A week before 5 September 2008, gold was around $829.30 per troy ounce, so the close of $797.60 is a loss of 3.8% over the week.
A month before 5 September 2008, gold was around $878.60 per troy ounce, so the close of $797.60 is a loss of 9.2% over the month.
A year before 5 September 2008, gold was around $681.70 per troy ounce. The close of $797.60 therefore represents a rise of 17.0% over twelve months.
This close was session 5 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 20.49% below the highest close on record up to that date, which was set on 2008-03-18.