Distance from the record
This close sat 30.53% 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 2018, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,312.00 per troy ounce on 8 May 2018, down $0.200 (0.02%) from the previous close of $1,312.20.
Gold barely moved, closing within 0.02% of the previous session. Flat days are the majority of any price series and are most useful as the baseline the notable days are measured against.
This close sat 30.53% 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 $1,225.30, making this a +7.08% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,312.00 per troy ounce on 8 May 2018. That is $0.20 lower than the previous close of $1,312.20, a move of -0.02%.
The gold price fell on 8 May 2018, losing $0.20 (0.02%) against the previous session's close of $1,312.20.
At $1,312.00 per troy ounce, one gram of pure gold was worth about $42.18 on 8 May 2018. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 May 2018 18k gold was worth about $31.64 per gram and 14k about $24.61 per gram, against $42.18 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 80.1 on 8 May 2018, meaning one ounce of gold was worth roughly 80.1 ounces of silver.
It closed 30.53% below the highest close on record up to that date, which was set on 2011-08-22.