Distance from the record
This close sat 30.12% 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 March 2018, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,319.90 per troy ounce on 8 March 2018, down $6.100 (0.46%) from the previous close of $1,326.00.
This close sat 30.12% 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 $1,208.50, making this a +9.22% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,319.90 per troy ounce on 8 March 2018. That is $6.10 lower than the previous close of $1,326.00, a move of -0.46%.
The gold price fell on 8 March 2018, losing $6.10 (0.46%) against the previous session's close of $1,326.00.
At $1,319.90 per troy ounce, one gram of pure gold was worth about $42.44 on 8 March 2018. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 March 2018 18k gold was worth about $31.83 per gram and 14k about $24.75 per gram, against $42.44 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 80.3 on 8 March 2018, meaning one ounce of gold was worth roughly 80.3 ounces of silver.
It closed 30.12% below the highest close on record up to that date, which was set on 2011-08-22.