Distance from the record
This close sat 17.54% 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 January 2020, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,557.40 per troy ounce on 8 January 2020, down $14.40 (0.92%) from the previous close of $1,571.80.
This close sat 17.54% 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 $1,283.20, making this a +21.37% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,557.40 per troy ounce on 8 January 2020. That is $14.40 lower than the previous close of $1,571.80, a move of -0.92%.
The gold price fell on 8 January 2020, losing $14.40 (0.92%) against the previous session's close of $1,571.80.
At $1,557.40 per troy ounce, one gram of pure gold was worth about $50.07 on 8 January 2020. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 January 2020 18k gold was worth about $37.55 per gram and 14k about $29.21 per gram, against $50.07 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 86.1 on 8 January 2020, meaning one ounce of gold was worth roughly 86.1 ounces of silver.
A month before 8 January 2020, gold was around $1,459.10 per troy ounce, so the close of $1,557.40 is a gain of 6.7% over the month.
A year before 8 January 2020, gold was around $1,283.20 per troy ounce. The close of $1,557.40 therefore represents a rise of 21.4% over twelve months.
It closed 17.54% below the highest close on record up to that date, which was set on 2011-08-22.