Distance from the record
This close sat 26.91% 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 7 November 2008, not the current price.See today's gold price (11 September 2026)
Gold closed at $733.20 per troy ounce on 7 November 2008, up $2.000 (0.27%) from the previous close of $731.20.
This close sat 26.91% 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 $831.00, making this a -11.77% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $733.20 per troy ounce on 7 November 2008. That is $2.00 higher than the previous close of $731.20, a move of 0.27%.
The gold price rose on 7 November 2008, gaining $2.00 (0.27%) against the previous session's close of $731.20.
At $733.20 per troy ounce, one gram of pure gold was worth about $23.57 on 7 November 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 November 2008 18k gold was worth about $17.68 per gram and 14k about $13.75 per gram, against $23.57 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 73.6 on 7 November 2008, meaning one ounce of gold was worth roughly 73.6 ounces of silver.
A week before 7 November 2008, gold was around $716.80 per troy ounce, so the close of $733.20 is a gain of 2.3% over the week.
A month before 7 November 2008, gold was around $878.40 per troy ounce, so the close of $733.20 is a loss of 16.5% over the month.
It closed 26.91% below the highest close on record up to that date, which was set on 2008-03-18.