Distance from the record
This close sat 35.25% 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 November 2018, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,222.90 per troy ounce on 8 November 2018, down $3.300 (0.27%) from the previous close of $1,226.20.
This close sat 35.25% 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 $1,281.60, making this a -4.58% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,222.90 per troy ounce on 8 November 2018. That is $3.30 lower than the previous close of $1,226.20, a move of -0.27%.
The gold price fell on 8 November 2018, losing $3.30 (0.27%) against the previous session's close of $1,226.20.
At $1,222.90 per troy ounce, one gram of pure gold was worth about $39.32 on 8 November 2018. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 November 2018 18k gold was worth about $29.49 per gram and 14k about $22.94 per gram, against $39.32 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 85.0 on 8 November 2018, meaning one ounce of gold was worth roughly 85.0 ounces of silver.
It closed 35.25% below the highest close on record up to that date, which was set on 2011-08-22.