Distance from the record
This close sat 3.54% below the highest gold close recorded up to that date, set on 2024-04-19.
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This page is a historical record of the gold price in 8 May 2024, not the current price.See today's gold price (11 September 2026)
Gold closed at $2,313.60 per troy ounce on 8 May 2024, down $1.600 (0.07%) from the previous close of $2,315.20.
Gold barely moved, closing within 0.07% 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 3.54% below the highest gold close recorded up to that date, set on 2024-04-19.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $2,026.30, making this a +14.18% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $2,313.60 per troy ounce on 8 May 2024. That is $1.60 lower than the previous close of $2,315.20, a move of -0.07%.
The gold price fell on 8 May 2024, losing $1.60 (0.07%) against the previous session's close of $2,315.20.
At $2,313.60 per troy ounce, one gram of pure gold was worth about $74.38 on 8 May 2024. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 May 2024 18k gold was worth about $55.79 per gram and 14k about $43.39 per gram, against $74.38 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 84.6 on 8 May 2024, meaning one ounce of gold was worth roughly 84.6 ounces of silver.
A year before 8 May 2024, gold was around $2,026.30 per troy ounce. The close of $2,313.60 therefore represents a rise of 14.2% over twelve months.
It closed 3.54% below the highest close on record up to that date, which was set on 2024-04-19.