Distance from the record
This close sat 30.27% below the highest gold close recorded up to that date, set on 2011-08-22.
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This page is a historical record of the gold price in 8 February 2018, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,316.90 per troy ounce on 8 February 2018, up $5.300 (0.40%) from the previous close of $1,311.60.
This close sat 30.27% below the highest gold close recorded up to that date, set on 2011-08-22.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,237.60, making this a +6.41% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,316.90 per troy ounce on 8 February 2018. That is $5.30 higher than the previous close of $1,311.60, a move of 0.40%.
The gold price rose on 8 February 2018, gaining $5.30 (0.40%) against the previous session's close of $1,311.60.
At $1,316.90 per troy ounce, one gram of pure gold was worth about $42.34 on 8 February 2018. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 February 2018 18k gold was worth about $31.75 per gram and 14k about $24.70 per gram, against $42.34 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 80.7 on 8 February 2018, meaning one ounce of gold was worth roughly 80.7 ounces of silver.
It closed 30.27% below the highest close on record up to that date, which was set on 2011-08-22.