Distance from the record
This close sat 21.54% 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 September 2008, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 15 August 2008
Gold closed at $787.10 per troy ounce on 9 September 2008, down $10.40 (1.30%) from the previous close of $797.50.
This close extended a run of 7 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 21.54% 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 $700.80, making this a +12.31% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $787.10 per troy ounce on 9 September 2008. That is $10.40 lower than the previous close of $797.50, a move of -1.30%.
The gold price fell on 9 September 2008, losing $10.40 (1.30%) against the previous session's close of $797.50.
At $787.10 per troy ounce, one gram of pure gold was worth about $25.31 on 9 September 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 9 September 2008 18k gold was worth about $18.98 per gram and 14k about $14.76 per gram, against $25.31 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 67.6 on 9 September 2008, meaning one ounce of gold was worth roughly 67.6 ounces of silver.
A week before 9 September 2008, gold was around $805.00 per troy ounce, so the close of $787.10 is a loss of 2.2% over the week.
A month before 9 September 2008, gold was around $857.80 per troy ounce, so the close of $787.10 is a loss of 8.2% over the month.
A year before 9 September 2008, gold was around $700.80 per troy ounce. The close of $787.10 therefore represents a rise of 12.3% over twelve months.
This close was session 7 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 21.54% below the highest close on record up to that date, which was set on 2008-03-18.