Gold Price in October 2008
In October 2008, gold fell 18.0%, from $874.20 at the end of September to $716.80 per troy ounce on October 31, 2008. The highest close was $903.10 on October 8, 2008, the lowest $713.30 on October 23, 2008, and the average over 23 trading days was $801.99. Today's price is 476.4% higher than the October 2008 close.
Gold price chart, October 2008
US dollars per troy ounce · daily closeDaily Gold Prices, October 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 |
|---|---|---|---|---|---|
| Oct 1Wed | $880.70 | +0.74% | $28.32 | ₹13,186 | AED 103.96 |
| Oct 2Thu | $839.00 | −4.73% | $26.97 | ₹12,516 | AED 99.06 |
| Oct 3Fri | $828.90 | −1.20% | $26.65 | ₹12,518 | AED 97.86 |
| Oct 6Mon | $862.70 | +4.08% | $27.74 | ₹13,193 | AED 101.83 |
| Oct 7Tue | $878.40 | +1.82% | $28.24 | ₹13,476 | AED 103.69 |
| Oct 8Wed | $903.10 | +2.81% | $29.04 | ₹13,922 | AED 106.60 |
| Oct 9Thu | $883.10 | −2.21% | $28.39 | ₹13,511 | AED 104.27 |
| Oct 10Fri | $855.40 | −3.14% | $27.50 | ₹13,317 | AED 101.00 |
| Oct 13Mon | $838.90 | −1.93% | $26.97 | ₹12,983 | AED 99.02 |
| Oct 14Tue | $836.30 | −0.31% | $26.89 | ₹12,906 | AED 98.75 |
| Oct 15Wed | $835.50 | −0.10% | $26.86 | ₹13,003 | AED 98.62 |
| Oct 16Thu | $801.50 | −4.07% | $25.77 | ₹12,537 | AED 94.61 |
| Oct 17Fri | $785.10 | −2.05% | $25.24 | ₹12,324 | AED 92.68 |
| Oct 20Mon | $787.60 | +0.32% | $25.32 | ₹12,330 | AED 92.97 |
| Oct 21Tue | $766.10 | −2.73% | $24.63 | ₹12,044 | AED 90.42 |
| Oct 22Wed | $733.30 | −4.28% | $23.58 | ₹11,601 | AED 86.55 |
| Oct 23Thu | $713.30 | −2.73% | $22.93 | ₹11,371 | AED 84.19 |
| Oct 24Fri | $729.10 | +2.22% | $23.44 | ₹11,663 | AED 86.07 |
| Oct 27Mon | $741.70 | +1.73% | $23.85 | ₹11,856 | AED 87.54 |
| Oct 28Tue | $739.30 | −0.32% | $23.77 | ₹11,686 | AED 87.27 |
| Oct 29Wed | $752.80 | +1.83% | $24.20 | ₹11,976 | AED 88.86 |
| Oct 30Thu | $737.20 | −2.07% | $23.70 | ₹11,702 | AED 87.05 |
| Oct 31Fri | $716.80 | −2.77% | $23.05 | ₹11,385 | AED 84.63 |
How October usually goes for gold
In the 20 years from 2006 to 2025, gold rose in October 12 times out of 20, with an average move of +0.6% and a median of +1.6%.
Gold in October 2008: FAQ
What was the price of gold in October 2008?
Gold traded between $713.30 and $903.10 per troy ounce (daily closes) in October 2008, averaging $801.99. It closed the month at $716.80.
How much did gold go down in October 2008?
Gold fell 18.0%, from $874.20 to $716.80. The biggest daily rise was +4.1% on October 6, 2008 and the biggest fall −4.7% on October 2, 2008.
What was the gold price on October 1, 2008?
Gold closed at $880.70 per troy ounce on October 1, 2008, the first trading day of the month. 24K India, ₹ per 10 g: ₹13,186.
Is October usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in October 12 times out of 20, with an average move of +0.6% and a median of +1.6%. Past seasonal patterns are not a reliable guide to any single year.