Highest so far that year
At the time, no session earlier in the year had closed higher.
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This page is a historical record of the gold price in 8 March 2022, not the current price.See today's gold price (11 September 2026)
Highest closing price since 6 August 2020
Gold closed at $2,040.10 per troy ounce on 8 March 2022, up $46.20 (2.32%) from the previous close of $1,993.90.
Notable session: highest close of the year; highest close of the month.
This was a 2.32% move in one session — well beyond a typical day for gold. Moves this size are usually a reaction to something specific rather than ordinary drift, so the surrounding news is worth checking alongside the number.
At the time, no session earlier in the year had closed higher.
One of the ten highest gold closes of that year, ranking 1 of 250 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,677.70, making this a +21.60% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $2,040.10 per troy ounce on 8 March 2022. That is $46.20 higher than the previous close of $1,993.90, a move of 2.32%.
The gold price rose on 8 March 2022, gaining $46.20 (2.32%) against the previous session's close of $1,993.90.
At $2,040.10 per troy ounce, one gram of pure gold was worth about $65.59 on 8 March 2022. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 March 2022 18k gold was worth about $49.19 per gram and 14k about $38.26 per gram, against $65.59 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 75.9 on 8 March 2022, meaning one ounce of gold was worth roughly 75.9 ounces of silver.
A week before 8 March 2022, gold was around $1,949.20 per troy ounce, so the close of $2,040.10 is a gain of 4.7% over the week.
A month before 8 March 2022, gold was around $1,826.60 per troy ounce, so the close of $2,040.10 is a gain of 11.7% over the month.
A year before 8 March 2022, gold was around $1,677.70 per troy ounce. The close of $2,040.10 therefore represents a rise of 21.6% over twelve months.
This close was session 4 of a consecutive run of gains. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 0.56% below the highest close on record up to that date, which was set on 2020-08-06.
The most recent higher close was about 2 years earlier — 398 trading sessions before this one.