Distance from the record
This close sat 9.47% 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 2020, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,709.90 per troy ounce on 8 May 2020, down $11.90 (0.69%) from the previous close of $1,721.80.
This close sat 9.47% 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 $1,279.40, making this a +33.65% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,709.90 per troy ounce on 8 May 2020. That is $11.90 lower than the previous close of $1,721.80, a move of -0.69%.
The gold price fell on 8 May 2020, losing $11.90 (0.69%) against the previous session's close of $1,721.80.
At $1,709.90 per troy ounce, one gram of pure gold was worth about $54.97 on 8 May 2020. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 May 2020 18k gold was worth about $41.23 per gram and 14k about $32.07 per gram, against $54.97 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 108.6 on 8 May 2020, meaning one ounce of gold was worth roughly 108.6 ounces of silver.
A year before 8 May 2020, gold was around $1,279.40 per troy ounce. The close of $1,709.90 therefore represents a rise of 33.6% over twelve months.
It closed 9.47% below the highest close on record up to that date, which was set on 2011-08-22.