Gold Price in June 2008
In June 2008, gold rose 4.4%, from $887.30 at the end of May to $926.20 per troy ounce on June 30, 2008. The highest close was $929.30 on June 27, 2008, the lowest $867.90 on June 10, 2008, and the average over 21 trading days was $889.90. Today's price is 318.6% higher than the June 2008 close.
Gold ended June higher. What usually happens in July after a higher June →
- Gold rose 4.4% in US dollars in June 2008, leaving it up 10.9% for the year to date.
- Measured in other currencies, the change ranged from +2.3% in CHF to +7.9% in ZAR, because exchange rates moved too.
- It did better than silver (+3.5%) and US stocks (−8.4%).
- It closed higher on 11 trading days and lower on 10, with an average daily move of 1.16%.
- At the end of the month it was 7.7% below its highest close since 2000.
- Gold/silver ratio: 52.7 → 53.2.
Gold price chart, June 2008
US dollars per troy ounce · daily closeGold in other currencies, June 2008
| Currency | Change in the month |
|---|---|
| ZAR | +7.9% |
| PKR | +7.5% |
| CAD | +7.1% |
| TRY | +5.2% |
| INR | +5.2% |
| JPY | +5.0% |
| EGP | +4.8% |
| AUD | +4.2% |
| GBP | +3.9% |
| CNY | +3.3% |
| EUR | +3.0% |
| CHF | +2.3% |
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, June 2008
| Asset | Change (USD) |
|---|---|
| Gold | +4.4% |
| Silver | +3.5% |
| S&P 500 (with dividends) | −8.4% |
| US inflation (CPI, month) | +1.01% |
| Gold, year to date (end of June) | +10.9% |
| Gold/silver ratio | 52.7 → 53.2 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, June 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 |
|---|---|---|---|---|---|
| Jun 2Mon | $892.90 | +0.63% | $28.71 | ₹12,127 | AED 105.38 |
| Jun 3Tue | $881.60 | −1.27% | $28.34 | ₹12,050 | AED 104.05 |
| Jun 4Wed | $879.90 | −0.19% | $28.29 | ₹12,106 | AED 103.85 |
| Jun 5Thu | $871.80 | −0.92% | $28.03 | ₹11,973 | AED 102.94 |
| Jun 6Fri | $895.40 | +2.71% | $28.79 | ₹12,297 | AED 105.73 |
| Jun 9Mon | $894.70 | −0.08% | $28.77 | ₹12,320 | AED 105.63 |
| Jun 10Tue | $867.90 | −3.00% | $27.90 | ₹11,885 | AED 102.43 |
| Jun 11Wed | $879.70 | +1.36% | $28.28 | ₹12,091 | AED 103.85 |
| Jun 12Thu | $869.20 | −1.19% | $27.95 | ₹11,969 | AED 102.62 |
| Jun 13Fri | $870.30 | +0.13% | $27.98 | ₹11,984 | AED 102.75 |
| Jun 16Mon | $883.60 | +1.53% | $28.41 | ₹12,134 | AED 104.29 |
| Jun 17Tue | $884.30 | +0.08% | $28.43 | ₹12,180 | AED 104.37 |
| Jun 18Wed | $890.90 | +0.75% | $28.64 | ₹12,275 | AED 105.18 |
| Jun 19Thu | $901.70 | +1.21% | $28.99 | ₹12,408 | AED 106.44 |
| Jun 20Fri | $901.30 | −0.04% | $28.98 | ₹12,402 | AED 106.39 |
| Jun 23Mon | $884.80 | −1.83% | $28.45 | ₹12,189 | AED 104.43 |
| Jun 24Tue | $889.20 | +0.50% | $28.59 | ₹12,204 | AED 104.95 |
| Jun 25Wed | $880.00 | −1.03% | $28.29 | ₹12,067 | AED 103.89 |
| Jun 26Thu | $913.10 | +3.76% | $29.36 | ₹12,540 | AED 107.80 |
| Jun 27Fri | $929.30 | +1.77% | $29.88 | ₹12,762 | AED 109.71 |
| Jun 30Mon | $926.20 | −0.33% | $29.78 | ₹12,760 | AED 109.32 |
How June usually goes for gold
In the 20 years from 2006 to 2025, gold rose in June 9 times out of 20, with an average move of −0.4% and a median of −1.6%. Every June since 1971 →
Gold in June 2008: FAQ
What was the price of gold in June 2008?
Gold traded between $867.90 and $929.30 per troy ounce (daily closes) in June 2008, averaging $889.90. It closed the month at $926.20.
How much did gold go up in June 2008?
Gold rose 4.4%, from $887.30 to $926.20. The biggest daily rise was +3.8% on June 26, 2008 and the biggest fall −3.0% on June 10, 2008.
What was the gold price on June 2, 2008?
Gold closed at $892.90 per troy ounce on June 2, 2008, the first trading day of the month. 24K India, ₹ per 10 g: ₹12,127.
Is June usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in June 9 times out of 20, with an average move of −0.4% and a median of −1.6%. Past seasonal patterns are not a reliable guide to any single year.
How much did gold change in rupees in June 2008?
Gold rose 5.2% in Indian rupee terms in June 2008, compared with +4.4% in US dollars.
Did gold beat stocks in June 2008?
Yes. Gold was +4.4% for the month, against −8.4% for the S&P 500 with dividends.
Did gold keep up with inflation in June 2008?
US consumer prices (CPI) changed +1.01% in June, so gold's real (inflation-adjusted) change was about +3.3%.
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{corgano2026goldpriceinjune, author = {{Corgano}}, title = {Gold Price in June 2008}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2008/june}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}