Distance from the record
This close sat 12.72% 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 6 August 2008, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 13 June 2008
Gold closed at $875.60 per troy ounce on 6 August 2008, down $3.000 (0.34%) from the previous close of $878.60.
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 12.72% 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 $671.50, making this a +30.39% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $875.60 per troy ounce on 6 August 2008. That is $3.00 lower than the previous close of $878.60, a move of -0.34%.
The gold price fell on 6 August 2008, losing $3.00 (0.34%) against the previous session's close of $878.60.
At $875.60 per troy ounce, one gram of pure gold was worth about $28.15 on 6 August 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 6 August 2008 18k gold was worth about $21.11 per gram and 14k about $16.42 per gram, against $28.15 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 53.2 on 6 August 2008, meaning one ounce of gold was worth roughly 53.2 ounces of silver.
A week before 6 August 2008, gold was around $902.90 per troy ounce, so the close of $875.60 is a loss of 3.0% over the week.
A month before 6 August 2008, gold was around $931.90 per troy ounce, so the close of $875.60 is a loss of 6.0% over the month.
A year before 6 August 2008, gold was around $671.50 per troy ounce. The close of $875.60 therefore represents a rise of 30.4% 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 12.72% below the highest close on record up to that date, which was set on 2008-03-18.