Distance from the record
This close sat 31.84% 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 May 2014, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,287.40 per troy ounce on 8 May 2014, down $1.200 (0.09%) from the previous close of $1,288.60.
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 31.84% 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 $1,473.90, making this a -12.65% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,287.40 per troy ounce on 8 May 2014. That is $1.20 lower than the previous close of $1,288.60, a move of -0.09%.
The gold price fell on 8 May 2014, losing $1.20 (0.09%) against the previous session's close of $1,288.60.
At $1,287.40 per troy ounce, one gram of pure gold was worth about $41.39 on 8 May 2014. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 May 2014 18k gold was worth about $31.04 per gram and 14k about $24.14 per gram, against $41.39 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 67.4 on 8 May 2014, meaning one ounce of gold was worth roughly 67.4 ounces of silver.
A week before 8 May 2014, gold was around $1,245.60 per troy ounce, so the close of $1,287.40 is a gain of 3.4% over the week.
A year before 8 May 2014, gold was around $1,473.90 per troy ounce. The close of $1,287.40 therefore represents a fall of 12.7% over twelve months.
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 31.84% below the highest close on record up to that date, which was set on 2011-08-22.