Distance from the record
This close sat 14.49% 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 8 August 2008, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 2 May 2008
Gold closed at $857.80 per troy ounce on 8 August 2008, down $12.90 (1.48%) from the previous close of $870.70.
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 14.49% 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 $674.50, making this a +27.18% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $857.80 per troy ounce on 8 August 2008. That is $12.90 lower than the previous close of $870.70, a move of -1.48%.
The gold price fell on 8 August 2008, losing $12.90 (1.48%) against the previous session's close of $870.70.
At $857.80 per troy ounce, one gram of pure gold was worth about $27.58 on 8 August 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 August 2008 18k gold was worth about $20.68 per gram and 14k about $16.09 per gram, against $27.58 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 56.1 on 8 August 2008, meaning one ounce of gold was worth roughly 56.1 ounces of silver.
A week before 8 August 2008, gold was around $913.90 per troy ounce, so the close of $857.80 is a loss of 6.1% over the week.
A month before 8 August 2008, gold was around $921.90 per troy ounce, so the close of $857.80 is a loss of 7.0% over the month.
A year before 8 August 2008, gold was around $674.50 per troy ounce. The close of $857.80 therefore represents a rise of 27.2% 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 14.49% below the highest close on record up to that date, which was set on 2008-03-18.