Gold price in March 2008: daily prices, high, low and change
Gold closed March 2008 at $916.20 an ounce, down 5.75% on the month. The highest close was $1,003.20 on 18 Mar and the lowest $916.20 on 31 Mar. Every trading day below, with ranks and context computed from COMEX data.
Gold price chart, March 2008 (daily close and high-low range, US$ per ounce)
Gold line = daily settlement; bars = intraday high to low where available; dashed line = February 2008 close ($972.10); larger dots = new all-time-high closes.
Daily gold prices in March 2008 (20 trading days)
| Date | Open | High | Low | Close | Change | % change |
|---|---|---|---|---|---|---|
| Mon 3 Mar ATH | $984.20 | $986.90 | $979.70 | $981.50 | +$9.40 | +0.97% |
| Tue 4 Mar | $982.40 | $984.50 | $963.80 | $963.90 | −$17.60 | −1.79% |
| Wed 5 Mar ATH, best day | $965.00 | $992.70 | $963.90 | $986.20 | +$22.30 | +2.31% |
| Thu 6 Mar | $984.30 | $987.70 | $973.40 | $975.00 | −$11.20 | −1.14% |
| Fri 7 Mar | — | — | — | $972.20 | −$2.80 | −0.29% |
| Mon 10 Mar | $975.50 | $976.80 | $964.70 | $969.90 | −$2.30 | −0.24% |
| Tue 11 Mar | $975.70 | $976.70 | $971.50 | $974.20 | +$4.30 | +0.44% |
| Wed 12 Mar | $973.60 | $979.30 | $973.50 | $978.80 | +$4.60 | +0.47% |
| Thu 13 Mar ATH | $983.70 | $998.50 | $983.70 | $992.30 | +$13.50 | +1.38% |
| Fri 14 Mar ATH | $993.90 | $1,004.60 | $993.00 | $998.20 | +$5.90 | +0.59% |
| Mon 17 Mar ATH | $1,005.00 | $1,014.60 | $996.40 | $1,001.40 | +$3.20 | +0.32% |
| Tue 18 Mar ATH | $1,003.60 | $1,010.00 | $978.20 | $1,003.20 | +$1.80 | +0.18% |
| Wed 19 Mar worst day | $979.30 | $979.30 | $938.40 | $944.70 | −$58.50 | −5.83% |
| Thu 20 Mar | $939.90 | $943.20 | $917.70 | $919.60 | −$25.10 | −2.66% |
| Mon 24 Mar | $915.50 | $922.00 | $915.20 | $918.30 | −$1.30 | −0.14% |
| Tue 25 Mar | — | — | — | $934.60 | +$16.30 | +1.78% |
| Wed 26 Mar | — | — | — | $949.00 | +$14.40 | +1.54% |
| Thu 27 Mar | $947.40 | $951.70 | $945.70 | $948.80 | −$0.20 | −0.02% |
| Fri 28 Mar | $947.50 | $951.10 | $921.80 | $930.60 | −$18.20 | −1.92% |
| Mon 31 Mar | $931.00 | $940.10 | $912.00 | $916.20 | −$14.40 | −1.55% |
Close = COMEX gold futures settlement in US dollars per troy ounce; change is against the previous trading day's close. Open, high and low are shown as — on 3 days where the source has no usable intraday data (common before 2012, when the front-month contract traded thinly in the data feed).
Monthly open, high, low and close
| March 2008 | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| Settlements | $981.50 | $1,003.20 | $916.20 | $916.20 | −5.75% |
| Intraday | $984.20 | $1,014.60 17 Mar | $912.00 31 Mar | $916.20 | — |
Settlements: first, highest, lowest and last daily close of the month (the basis used on the 2008 page and the monthly returns heatmap). Intraday: the highest and lowest traded prices in the daily bars.
Source: COMEX gold futures (GC=F) daily settlements and intraday bars via Yahoo Finance; US CPI (FRED CPIAUCSL) for the inflation adjustment; World Bank Pink Sheet for the monthly London average. Figures are final settlements; sources may occasionally revise historical data.
Gold in March 2008: summary
It was the month gold first closed above $1,000 (on 17 March 2008). Gold lost ground 5.75% in March 2008, closing the month at $916.20 an ounce against $972.10 at the end of February 2008. Settlement prices ranged from $916.20 on 31 March 2008 to $1,003.20 on 18 March 2008, a spread of $87.00 (8.9%), wider than the 6.4% average of the previous 12 months. Gold closed higher on 10 of 20 trading days and lower on 10; the strongest session was 5 March 2008 (+2.31%) and the weakest 19 March 2008 (−5.83%).
Gold set 6 new all-time-high closes in March 2008, the highest at $1,003.20 on 18 March 2008. That was the biggest monthly fall since April 2004. It ended a run of 3 straight monthly gains.
How March 2008 compares
- Against other Marches: at −5.75%, March 2008 ranks 25th of 26 Marches since 2001 (best first).
- Against every month: it ranks 292nd of 313 months since September 2000, better than 7% of them.
- Range: the gap between the highest and lowest close was $87.00, or 8.9% of the opening level, 1.4× the 6.4% average of the previous 12 months.
- Daily moves: the average day moved 1.28% (up or down), against 0.80% over the previous 12 months, so March 2008 was more volatile than usual.
- Streaks: the longest run of higher closes was 6 days and the longest run of lower closes 3 days.
- Bigger picture: at the month-end close gold was +9.74% for 2008 to the end of March and +38.19% over 12 months (against the March 2007 close of $663.00).
- Average price: the mean of the 20 daily closes was $962.93; the World Bank's monthly average of the London (LBMA) price was $968.00.
Across the other 25 completed Marches since 2001, gold averaged +0.45% and rose in 12 of them (48%). March 2008 lagged that average by 6.2 percentage points. The gold seasonality tool shows the same statistics for every calendar month, and the monthly returns heatmap lays out all Marches side by side.
March 2008 in today's dollars
Adjusted for US consumer-price inflation, the $916.20 closing price equals about $1,444 in September 2026 dollars (CPI 213.4 in March 2008 against 336.3 in September 2026, FRED series CPIAUCSL), 58% more than the nominal figure. The gold price history hub restates every year's close on the same basis, and the all-time-high tracker lists every record close in nominal dollars.
Gold price by month in 2008
The gold price in 2008 page has the year's open, high, low and close, and the monthly archive on the gold price history hub explains how these month pages are built.
Frequently asked questions
What was the gold price in March 2008?
Gold closed March 2008 at $916.20 an ounce (COMEX settlement). It opened the month at $981.50 and averaged $962.93 across 20 trading days; the World Bank’s London average for the month was $968.00.
Did gold go up in March 2008?
No. Gold was down 5.75% in March 2008, from $972.10 at the end of February 2008 to $916.20. It closed higher on 10 of 20 days. Among Marches since 2001 it ranks 25th of 26 (best first).
What was the highest gold price in March 2008?
The highest close was $1,003.20 on 18 March 2008. The highest intraday price in the daily bars was $1,014.60 on 17 March 2008. It was a new all-time-high close.
What was the lowest gold price in March 2008?
The lowest close was $916.20 on 31 March 2008, $87.00 (8.9%) below the month’s highest close. The lowest intraday price was $912.00 on 31 March 2008.
Educational information only, not financial advice and not a forecast. Past prices do not predict future prices. See our risk disclaimer and editorial policy.