Highest so far that week
This was the strongest close of the week up to that point.
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This page is a historical record of the gold price in 8 May 2008, not the current price.See today's gold price (11 September 2026)
Gold closed at $880.60 per troy ounce on 8 May 2008, up $11.00 (1.26%) from the previous close of $869.60.
Gold moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
This was the strongest close of the week up to that point.
This close sat 12.22% below the highest gold close recorded up to that date, set on 2008-03-18.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $685.10, making this a +28.54% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $880.60 per troy ounce on 8 May 2008. That is $11.00 higher than the previous close of $869.60, a move of 1.26%.
The gold price rose on 8 May 2008, gaining $11.00 (1.26%) against the previous session's close of $869.60.
At $880.60 per troy ounce, one gram of pure gold was worth about $28.31 on 8 May 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 May 2008 18k gold was worth about $21.23 per gram and 14k about $16.52 per gram, against $28.31 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 52.4 on 8 May 2008, meaning one ounce of gold was worth roughly 52.4 ounces of silver.
A year before 8 May 2008, gold was around $685.10 per troy ounce. The close of $880.60 therefore represents a rise of 28.5% over twelve months.
It closed 12.22% below the highest close on record up to that date, which was set on 2008-03-18.