Distance from the record
This close sat 20.73% 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 October 2019, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,497.20 per troy ounce on 8 October 2019, down $0.500 (0.03%) from the previous close of $1,497.70.
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 20.73% 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 $1,184.40, making this a +26.41% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,497.20 per troy ounce on 8 October 2019. That is $0.50 lower than the previous close of $1,497.70, a move of -0.03%.
The gold price fell on 8 October 2019, losing $0.50 (0.03%) against the previous session's close of $1,497.70.
At $1,497.20 per troy ounce, one gram of pure gold was worth about $48.14 on 8 October 2019. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 October 2019 18k gold was worth about $36.10 per gram and 14k about $28.08 per gram, against $48.14 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 85.0 on 8 October 2019, meaning one ounce of gold was worth roughly 85.0 ounces of silver.
A year before 8 October 2019, gold was around $1,184.40 per troy ounce. The close of $1,497.20 therefore represents a rise of 26.4% 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 20.73% below the highest close on record up to that date, which was set on 2011-08-22.