Gold price in 2008: open, high, low, close
Gold averaged $870.98 an ounce in 2008, moving between $704.90 and $1,003.20. Month-by-month figures, the year's change and the inflation-adjusted value, from public data.
Gold price in 2008, month by month (US dollars per troy ounce)
| Month | Open | High | Low | Close | London avg |
|---|---|---|---|---|---|
| January | $857.00 | $927.10 | $857.00 | $922.70 | $890.00 |
| February | $908.70 | $972.10 | $885.90 | $972.10 | $922.00 |
| March | $981.50 | $1,003.20 | $916.20 | $916.20 | $968.00 |
| April | $882.90 | $945.10 | $862.80 | $862.80 | $910.00 |
| May | $848.90 | $928.00 | $848.90 | $887.30 | $889.00 |
| June | $892.90 | $929.30 | $867.90 | $926.20 | $889.00 |
| July | $942.50 | $977.70 | $902.90 | $913.90 | $940.00 |
| August | $909.00 | $909.00 | $786.00 | $829.30 | $839.00 |
| September | $805.00 | $903.90 | $741.30 | $874.20 | $830.00 |
| October | $880.70 | $903.10 | $713.30 | $716.80 | $807.00 |
| November | $725.40 | $819.40 | $704.90 | $816.20 | $761.00 |
| December | $774.60 | $883.60 | $750.50 | $883.60 | $816.00 |
Open, high, low and close are daily COMEX futures settlements; the last column is the monthly average of the London (LBMA) price, which differs slightly from COMEX.
Source: World Bank Commodity Markets (Pink Sheet) monthly London gold prices; COMEX gold futures (GC=F) daily settlements; US CPI (FRED series CPIAUCSL). Data updated ; refreshed automatically about once a day. Figures are indicative and may be revised by the sources.
Gold in 2008: the numbers
In 2008, gold averaged $870.98 an ounce, measured by daily COMEX settlement prices. It opened the year at $857.00, reached a high of $1,003.20 in March 2008 and a low of $704.90 in November 2008, and closed at $883.60, a change of +5.8% from the end of 2007. 6 of the 11 month-to-month changes were higher. Adjusted for inflation, the closing price equals about $1,406 in September 2026 dollars.
For context, gold closed 2007 at $834.90 and 2009 at $1,095.20 (+23.9% in 2009).
Gold traded above $1,000 for the first time in March 2008 as Bear Stearns collapsed, then fell back toward $700 in the autumn when the failure of Lehman Brothers forced funds to sell anything liquid, gold included. It still finished the year higher, one of very few assets to do so.
Source: Federal Reserve History: The Great Recession and its aftermath
How this compares with the whole record
The gold price history page charts every year since 1968 and lists the open, high, low and close of each, and the all-time-high tracker shows every record close. Figures for 2008 use daily COMEX settlement prices; the London price and COMEX futures differ slightly, usually by a few dollars.
Frequently asked questions
What was the gold price in 2008?
Gold averaged $870.98 per troy ounce in 2008, measured by daily COMEX settlement prices. It opened the year at $857.00 and closed at $883.60.
What was the highest gold price in 2008?
The highest daily settlement in 2008 was $1,003.20, in March 2008. Intraday highs were slightly higher.
What was the lowest gold price in 2008?
The lowest daily settlement in 2008 was $704.90, in November 2008.
Did gold go up or down in 2008?
Gold up +5.8% in 2008, from $834.90 at the end of 2007 to $883.60. Adjusted for inflation, that closing price is about $1,406 in September 2026 dollars.
Educational information only, not financial advice and not a forecast. Past prices do not predict future prices. See our risk disclaimer and editorial policy.