Distance from the record
This close sat 11.97% below the highest gold close recorded up to that date, set on 2008-03-18.
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This page is a historical record of the gold price in 9 October 2008, not the current price.See today's gold price (11 September 2026)
Gold closed at $883.10 per troy ounce on 9 October 2008, down $20.00 (2.21%) from the previous close of $903.10.
Gold lost 2.21% in one session, far more than a normal day's range. Falls this size rarely happen in isolation — the days on either side give the move its context.
This close sat 11.97% below the highest gold close recorded up to that date, set on 2008-03-18.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $737.40, making this a +19.76% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $883.10 per troy ounce on 9 October 2008. That is $20.00 lower than the previous close of $903.10, a move of -2.21%.
The gold price fell on 9 October 2008, losing $20.00 (2.21%) against the previous session's close of $903.10.
At $883.10 per troy ounce, one gram of pure gold was worth about $28.39 on 9 October 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 9 October 2008 18k gold was worth about $21.29 per gram and 14k about $16.56 per gram, against $28.39 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 74.7 on 9 October 2008, meaning one ounce of gold was worth roughly 74.7 ounces of silver.
A week before 9 October 2008, gold was around $839.00 per troy ounce, so the close of $883.10 is a gain of 5.3% over the week.
A month before 9 October 2008, gold was around $787.10 per troy ounce, so the close of $883.10 is a gain of 12.2% over the month.
A year before 9 October 2008, gold was around $737.40 per troy ounce. The close of $883.10 therefore represents a rise of 19.8% over twelve months.
It closed 11.97% below the highest close on record up to that date, which was set on 2008-03-18.