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Gold's highest closing price on record
Gold closed at $517.10 per troy ounce on 1 December 2005, up $22.50 (4.55%) from the previous close of $494.60.
Notable session: highest close of the year; moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $437.50, making this a +18.19% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $517.10 per troy ounce on 1 December 2005. That is $22.50 higher than the previous close of $494.60, a move of 4.55%.
The gold price rose on 1 December 2005, gaining $22.50 (4.55%) against the previous session's close of $494.60.
At $517.10 per troy ounce, one gram of pure gold was worth about $16.63 on 1 December 2005. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 December 2005 18k gold was worth about $12.47 per gram and 14k about $9.70 per gram, against $16.63 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 58.6 on 1 December 2005, meaning one ounce of gold was worth roughly 58.6 ounces of silver.
A week before 1 December 2005, gold was around $494.60 per troy ounce, so the close of $517.10 is a gain of 4.5% over the week.
A month before 1 December 2005, gold was around $494.60 per troy ounce, so the close of $517.10 is a gain of 4.5% over the month.
A year before 1 December 2005, gold was around $437.50 per troy ounce. The close of $517.10 therefore represents a rise of 18.2% over twelve months.