Distance from the record
This close sat 30.32% 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 July 2014, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,316.00 per troy ounce on 8 July 2014, down $0.500 (0.04%) from the previous close of $1,316.50.
This close extended a run of 3 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 30.32% 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 $1,234.90, making this a +6.57% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,316.00 per troy ounce on 8 July 2014. That is $0.50 lower than the previous close of $1,316.50, a move of -0.04%.
The gold price fell on 8 July 2014, losing $0.50 (0.04%) against the previous session's close of $1,316.50.
At $1,316.00 per troy ounce, one gram of pure gold was worth about $42.31 on 8 July 2014. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 July 2014 18k gold was worth about $31.73 per gram and 14k about $24.68 per gram, against $42.31 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 62.8 on 8 July 2014, meaning one ounce of gold was worth roughly 62.8 ounces of silver.
A week before 8 July 2014, gold was around $1,281.30 per troy ounce, so the close of $1,316.00 is a gain of 2.7% over the week.
A month before 8 July 2014, gold was around $1,252.10 per troy ounce, so the close of $1,316.00 is a gain of 5.1% over the month.
This close was session 3 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 30.32% below the highest close on record up to that date, which was set on 2011-08-22.