Distance from the record
This close sat 1.42% below the highest gold close recorded up to that date, set on 2008-03-05.
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This page is a historical record of the gold price in 7 March 2008, not the current price.See today's gold price (11 September 2026)
Gold closed at $972.20 per troy ounce on 7 March 2008, down $2.800 (0.29%) from the previous close of $975.00.
This close sat 1.42% below the highest gold close recorded up to that date, set on 2008-03-05.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $650.60, making this a +49.43% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $972.20 per troy ounce on 7 March 2008. That is $2.80 lower than the previous close of $975.00, a move of -0.29%.
The gold price fell on 7 March 2008, losing $2.80 (0.29%) against the previous session's close of $975.00.
At $972.20 per troy ounce, one gram of pure gold was worth about $31.26 on 7 March 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 March 2008 18k gold was worth about $23.44 per gram and 14k about $18.23 per gram, against $31.26 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 48.2 on 7 March 2008, meaning one ounce of gold was worth roughly 48.2 ounces of silver.
A month before 7 March 2008, gold was around $906.10 per troy ounce, so the close of $972.20 is a gain of 7.3% over the month.
A year before 7 March 2008, gold was around $650.60 per troy ounce. The close of $972.20 therefore represents a rise of 49.4% over twelve months.
It closed 1.42% below the highest close on record up to that date, which was set on 2008-03-05.