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Gold · 2008

Gold price in 2008

In 2008, gold averaged $872.37 per troy ounce ($28.05 per gram) and rose 2.9% from $840.75 to $865.00. The high was $1,024 on 2008-03-17 and the low $692.50 on 2008-10-24.

Average

$872.37

Open → close

$840.75 → $865.00

High

$1,024

Low

$692.50

Month 2008Avg / ozAvg / gram
Jan$887.78$28.54
Feb$924.28$29.72
Mar$971.06$31.22
Apr$911.60$29.31
May$889.13$28.59
Jun$889.54$28.60
Jul$941.17$30.26
Aug$840.39$27.02
Sep$824.92$26.52
Oct$812.82$26.13
Nov$757.85$24.37
Dec$819.94$26.36

2008 at a glance

The range between the year's low and high was $331.00, or 47.8% of the low – a measure of how volatile gold was in 2008.

Compared with 2007, the average price increased by 25.3%, from $696.43 to $872.37 per ounce.

For a 10-gram 24k bar, the average 2008 value was $280.47. A gram of 22k gold averaged $25.69 and a gram of 18k $21.04.

Compare with today on the live gold price page.

Other years

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FAQ

Gold price 2008 FAQ

What was the gold price in 2008?
Gold averaged $872.37 per troy ounce in 2008, or $28.05 per gram. It opened at $840.75 and closed at $865.00.
What was the highest gold price in 2008?
The highest daily gold price in 2008 was $1,024 per ounce on 2008-03-17. The lowest was $692.50 on 2008-10-24.
Did gold go up in 2008?
From the first to the last trading day of 2008, gold rose 2.9% in US dollars.
How did 2008 compare with 2007?
The average gold price in 2008 was +25.3% compared with the 2007 average of $696.43 per ounce.

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