Gold price history
Gold price in 2008
Gold averaged $872 an ounce in 2008. That was +25.1% on 2007.
Gold today: …
What happened in 2008
The global financial crisis. Gold fell at first as investors sold everything, then recovered strongly.
Month by month in 2008
| Month | Average price |
|---|---|
| January | $890 |
| February | $922 |
| March | $968 |
| April | $910 |
| May | $889 |
| June | $889 |
| July | $940 |
| August | $839 |
| September | $830 |
| October | $807 |
| November | $761 |
| December | $816 |
2008 on the long-run chart
The large dot is 2008. Yearly averages, log scale.
Yearly and monthly figures are averages of daily prices, in US dollars per troy ounce. Source: World Bank Commodity Markets (Pink Sheet), CC BY 4.0, via the open gold-prices dataset. Daily highs and lows were higher and lower than the monthly averages. Latest month in the data: September 2026.
Questions people ask
What was the price of gold in 2008?
Gold averaged about $872 an ounce in 2008. The highest month was March ($968) and the lowest was November ($761).
How much is gold now compared with 2008?
See the live figure at the top of this page. It compares today's price with the 2008 average of $872. Past prices don't tell you what gold will do next.
Know why gold moved, within minutes
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