Gold Price in April 2008
In April 2008, gold fell 5.8%, from $916.20 at the end of March to $862.80 per troy ounce on April 30, 2008. The highest close was $945.10 on April 16, 2008, the lowest $862.80 on April 30, 2008, and the average over 22 trading days was $909.66. Today's price is 349.3% higher than the April 2008 close.
Gold ended April lower. What usually happens in May after a lower April →
- Gold fell 5.8% in US dollars in April 2008, leaving it up 3.3% for the year to date.
- Measured in other currencies, the change ranged from −12.4% in ZAR to −2.0% in JPY, because exchange rates moved too.
- It did worse than silver (−4.5%) and US stocks (+4.9%).
- It closed higher on 12 trading days and lower on 10, with an average daily move of 1.23%.
- At the end of the month it was 14.0% below its highest close since 2000.
- Gold/silver ratio: 53.0 → 52.3.
Gold price chart, April 2008
US dollars per troy ounce · daily closeGold in other currencies, April 2008
| Currency | Change in the month |
|---|---|
| JPY | −2.0% |
| CHF | −2.0% |
| PKR | −3.0% |
| INR | −4.7% |
| EUR | −5.0% |
| GBP | −6.0% |
| CNY | −6.1% |
| CAD | −7.4% |
| EGP | −7.5% |
| AUD | −8.8% |
| TRY | −10.4% |
| ZAR | −12.4% |
Price in each currency at each day's exchange rate, previous month-end to this month-end. A weaker currency makes gold rise more in local terms.
Gold vs other assets, April 2008
| Asset | Change (USD) |
|---|---|
| Gold | −5.8% |
| Silver | −4.5% |
| S&P 500 (with dividends) | +4.9% |
| US inflation (CPI, month) | +0.61% |
| Gold, year to date (end of April) | +3.3% |
| Gold/silver ratio | 53.0 → 52.3 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, April 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 |
|---|---|---|---|---|---|
| Apr 1Tue | $882.90 | −3.63% | $28.39 | ₹11,332 | AED 104.21 |
| Apr 2Wed | $895.20 | +1.39% | $28.78 | ₹11,479 | AED 105.67 |
| Apr 3Thu | $905.00 | +1.09% | $29.10 | ₹11,582 | AED 106.81 |
| Apr 4Fri | $909.00 | +0.44% | $29.23 | ₹11,633 | AED 107.29 |
| Apr 7Mon | $922.70 | +1.51% | $29.67 | ₹11,815 | AED 108.92 |
| Apr 8Tue | $914.00 | −0.94% | $29.39 | ₹11,701 | AED 107.88 |
| Apr 9Wed | $933.60 | +2.14% | $30.02 | ₹11,973 | AED 110.19 |
| Apr 10Thu | $928.30 | −0.57% | $29.85 | ₹11,871 | AED 109.60 |
| Apr 11Fri | $923.60 | −0.51% | $29.69 | ₹11,811 | AED 109.04 |
| Apr 14Mon | $925.40 | +0.19% | $29.75 | ₹11,860 | AED 109.26 |
| Apr 15Tue | $928.70 | +0.36% | $29.86 | ₹11,892 | AED 109.60 |
| Apr 16Wed | $945.10 | +1.77% | $30.39 | ₹12,115 | AED 111.56 |
| Apr 17Thu | $939.80 | −0.56% | $30.22 | ₹11,982 | AED 110.95 |
| Apr 18Fri | $912.20 | −2.94% | $29.33 | ₹11,630 | AED 107.69 |
| Apr 21Mon | $914.70 | +0.27% | $29.41 | ₹11,713 | AED 107.96 |
| Apr 22Tue | $922.30 | +0.83% | $29.65 | ₹11,820 | AED 108.85 |
| Apr 23Wed | $906.20 | −1.75% | $29.14 | ₹11,664 | AED 106.97 |
| Apr 24Thu | $886.80 | −2.14% | $28.51 | ₹11,423 | AED 104.68 |
| Apr 25Fri | $887.20 | +0.05% | $28.52 | ₹11,428 | AED 104.73 |
| Apr 28Mon | $892.90 | +0.64% | $28.71 | ₹11,569 | AED 105.38 |
| Apr 29Tue | $874.20 | −2.09% | $28.11 | ₹11,351 | AED 103.18 |
| Apr 30Wed | $862.80 | −1.30% | $27.74 | ₹11,203 | AED 101.83 |
How April usually goes for gold
In the 20 years from 2006 to 2025, gold rose in April 12 times out of 20, with an average move of +1.8% and a median of +1.5%. Every April since 1971 →
Gold in April 2008: FAQ
What was the price of gold in April 2008?
Gold traded between $862.80 and $945.10 per troy ounce (daily closes) in April 2008, averaging $909.66. It closed the month at $862.80.
How much did gold go down in April 2008?
Gold fell 5.8%, from $916.20 to $862.80. The biggest daily rise was +2.1% on April 9, 2008 and the biggest fall −3.6% on April 1, 2008.
What was the gold price on April 1, 2008?
Gold closed at $882.90 per troy ounce on April 1, 2008, the first trading day of the month. 24K India, ₹ per 10 g: ₹11,332.
Is April usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in April 12 times out of 20, with an average move of +1.8% and a median of +1.5%. Past seasonal patterns are not a reliable guide to any single year.
How much did gold change in rupees in April 2008?
Gold fell 4.7% in Indian rupee terms in April 2008, compared with −5.8% in US dollars.
Did gold beat stocks in April 2008?
No. Gold was −5.8% for the month, against +4.9% for the S&P 500 with dividends.
Did gold keep up with inflation in April 2008?
US consumer prices (CPI) changed +0.61% in April, so gold's real (inflation-adjusted) change was about −6.4%.
Cite this page
For essays, articles and research. Prices on this page update daily, so the citations include today's date as the date you accessed it.
@misc{corgano2026goldpriceinapril, author = {{Corgano}}, title = {Gold Price in April 2008}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2008/april}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}