Gold Price in February 2008
In February 2008, gold rose 5.4%, from $922.70 at the end of January to $972.10 per troy ounce on February 29, 2008. The highest close was $972.10 on February 29, 2008, the lowest $885.90 on February 5, 2008, and the average over 20 trading days was $925.11. Today's price is 298.8% higher than the February 2008 close.
Gold ended February higher. What usually happens in March after a higher February →
- Gold rose 5.4% in US dollars in February 2008, leaving it up 16.4% for the year to date.
- Measured in other currencies, the change ranged from +1.5% in AUD to +10.4% in ZAR, because exchange rates moved too.
- It did better than US stocks (−3.2%), and worse than silver (+16.9%).
- It closed higher on 12 trading days and lower on 8, with an average daily move of 0.99%.
- It set 4 record closing highs (London price, records since 1968), the last on 29 February.
- Gold/silver ratio: 54.4 → 49.1.
Gold price chart, February 2008
US dollars per troy ounce · daily closeGold in other currencies, February 2008
| Currency | Change in the month |
|---|---|
| ZAR | +10.4% |
| TRY | +9.7% |
| INR | +7.0% |
| PKR | +5.6% |
| GBP | +5.6% |
| EGP | +4.4% |
| CNY | +4.3% |
| CAD | +3.8% |
| EUR | +3.1% |
| JPY | +2.9% |
| CHF | +1.6% |
| AUD | +1.5% |
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, February 2008
| Asset | Change (USD) |
|---|---|
| Gold | +5.4% |
| Silver | +16.9% |
| S&P 500 (with dividends) | −3.2% |
| US inflation (CPI, month) | +0.29% |
| Gold, year to date (end of February) | +16.4% |
| Gold/silver ratio | 54.4 → 49.1 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, February 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 |
|---|---|---|---|---|---|
| Feb 1Fri | $908.70 | −1.52% | $29.22 | ₹11,474 | AED 107.18 |
| Feb 4Mon | $904.90 | −0.42% | $29.09 | ₹11,425 | AED 106.80 |
| Feb 5Tue | $885.90 | −2.10% | $28.48 | ₹11,237 | AED 104.57 |
| Feb 6Wed | $900.70 | +1.67% | $28.96 | ₹11,449 | AED 106.31 |
| Feb 7Thu | $906.10 | +0.60% | $29.13 | ₹11,495 | AED 106.94 |
| Feb 8Fri | $918.40 | +1.36% | $29.53 | ₹11,674 | AED 108.39 |
| Feb 11Mon | $922.90 | +0.49% | $29.67 | ₹11,728 | AED 108.94 |
| Feb 12Tue | $907.40 | −1.68% | $29.17 | ₹11,545 | AED 107.11 |
| Feb 13Wed | $906.50 | −0.10% | $29.14 | ₹11,551 | AED 107.01 |
| Feb 14Thu | $907.40 | +0.10% | $29.17 | ₹11,546 | AED 107.13 |
| Feb 15Fri | $902.80 | −0.51% | $29.03 | ₹11,490 | AED 106.57 |
| Feb 19Tue | $926.60 | +2.64% | $29.79 | ₹11,823 | AED 109.38 |
| Feb 20Wed | $934.60 | +0.86% | $30.05 | ₹12,059 | AED 110.32 |
| Feb 21Thu | $946.10 | +1.23% | $30.42 | ₹12,141 | AED 111.68 |
| Feb 22Fri | $944.70 | −0.15% | $30.37 | ₹12,142 | AED 111.51 |
| Feb 25Mon | $937.60 | −0.75% | $30.14 | ₹12,032 | AED 110.68 |
| Feb 26Tue | $946.10 | +0.91% | $30.42 | ₹12,111 | AED 111.68 |
| Feb 27Wed | $958.20 | +1.28% | $30.81 | ₹12,227 | AED 113.11 |
| Feb 28Thu | $964.50 | +0.66% | $31.01 | ₹12,347 | AED 113.85 |
| Feb 29Fri | $972.10 | +0.79% | $31.25 | ₹12,473 | AED 114.75 |
How February usually goes for gold
In the 20 years from 2006 to 2025, gold rose in February 11 times out of 20, with an average move of +0.9% and a median of +0.8%. Every February since 1971 →
Gold in February 2008: FAQ
What was the price of gold in February 2008?
Gold traded between $885.90 and $972.10 per troy ounce (daily closes) in February 2008, averaging $925.11. It closed the month at $972.10.
How much did gold go up in February 2008?
Gold rose 5.4%, from $922.70 to $972.10. The biggest daily rise was +2.6% on February 19, 2008 and the biggest fall −2.1% on February 5, 2008.
What was the gold price on February 1, 2008?
Gold closed at $908.70 per troy ounce on February 1, 2008, the first trading day of the month. 24K India, ₹ per 10 g: ₹11,474.
Is February usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in February 11 times out of 20, with an average move of +0.9% and a median of +0.8%. Past seasonal patterns are not a reliable guide to any single year.
How much did gold change in rupees in February 2008?
Gold rose 7.0% in Indian rupee terms in February 2008, compared with +5.4% in US dollars.
Did gold beat stocks in February 2008?
Yes. Gold was +5.4% for the month, against −3.2% for the S&P 500 with dividends.
Did gold keep up with inflation in February 2008?
US consumer prices (CPI) changed +0.29% in February, so gold's real (inflation-adjusted) change was about +5.0%.
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{corgano2026goldpriceinfebruary, author = {{Corgano}}, title = {Gold Price in February 2008}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2008/february}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}