Gold Price in August 2008
In August 2008, gold fell 9.3%, from $913.90 at the end of July to $829.30 per troy ounce on August 29, 2008. The highest close was $909.00 on August 1, 2008, the lowest $786.00 on August 15, 2008, and the average over 21 trading days was $835.83. Today's price is 398.3% higher than the August 2008 close.
Gold price chart, August 2008
US dollars per troy ounce · daily closeDaily Gold Prices, August 2008
Closing price for every trading day, with the same price in INR and AED at that day's exchange rate.
| Date | Close (USD per oz) | Change | USD per gram | 24K India, ₹ per 10 g | 24K UAE, AED per gram |
|---|---|---|---|---|---|
| Aug 1Fri | $909.00 | −0.54% | $29.23 | ₹12,401 | AED 107.32 |
| Aug 4Mon | $900.10 | −0.98% | $28.94 | ₹12,280 | AED 106.23 |
| Aug 5Tue | $878.60 | −2.39% | $28.25 | ₹11,987 | AED 103.70 |
| Aug 6Wed | $875.60 | −0.34% | $28.15 | ₹11,946 | AED 103.34 |
| Aug 7Thu | $870.70 | −0.56% | $27.99 | ₹11,879 | AED 102.76 |
| Aug 8Fri | $857.80 | −1.48% | $27.58 | ₹11,703 | AED 101.27 |
| Aug 11Mon | $821.50 | −4.23% | $26.41 | ₹11,208 | AED 96.96 |
| Aug 12Tue | $808.20 | −1.62% | $25.98 | ₹11,026 | AED 95.39 |
| Aug 13Wed | $825.00 | +2.08% | $26.52 | ₹11,255 | AED 97.37 |
| Aug 14Thu | $808.20 | −2.04% | $25.98 | ₹11,026 | AED 95.39 |
| Aug 15Fri | $786.00 | −2.75% | $25.27 | ₹10,723 | AED 92.80 |
| Aug 18Mon | $799.70 | +1.74% | $25.71 | ₹10,910 | AED 94.38 |
| Aug 19Tue | $811.10 | +1.43% | $26.08 | ₹11,066 | AED 95.73 |
| Aug 20Wed | $810.30 | −0.10% | $26.05 | ₹11,055 | AED 95.64 |
| Aug 21Thu | $833.00 | +2.80% | $26.78 | ₹11,364 | AED 98.32 |
| Aug 22Fri | $827.40 | −0.67% | $26.60 | ₹11,288 | AED 97.69 |
| Aug 25Mon | $819.80 | −0.92% | $26.36 | ₹11,184 | AED 96.76 |
| Aug 26Tue | $822.20 | +0.29% | $26.43 | ₹11,545 | AED 97.04 |
| Aug 27Wed | $828.10 | +0.72% | $26.62 | ₹11,622 | AED 97.74 |
| Aug 28Thu | $830.90 | +0.34% | $26.71 | ₹11,661 | AED 98.10 |
| Aug 29Fri | $829.30 | −0.19% | $26.66 | ₹11,632 | AED 97.91 |
How August usually goes for gold
In the 20 years from 2006 to 2025, gold rose in August 13 times out of 20, with an average move of +1.9% and a median of +0.9%.
Gold in August 2008: FAQ
What was the price of gold in August 2008?
Gold traded between $786.00 and $909.00 per troy ounce (daily closes) in August 2008, averaging $835.83. It closed the month at $829.30.
How much did gold go down in August 2008?
Gold fell 9.3%, from $913.90 to $829.30. The biggest daily rise was +2.8% on August 21, 2008 and the biggest fall −4.2% on August 11, 2008.
What was the gold price on August 1, 2008?
Gold closed at $909.00 per troy ounce on August 1, 2008, the first trading day of the month. 24K India, ₹ per 10 g: ₹12,401.
Is August usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in August 13 times out of 20, with an average move of +1.9% and a median of +0.9%. Past seasonal patterns are not a reliable guide to any single year.