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Lowest closing price since 1 September 2004
Gold closed at $421.80 per troy ounce on 1 January 2005, down $15.70 (3.59%) from the previous close of $437.50.
Notable session: lowest 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 $402.20, making this a +4.87% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $421.80 per troy ounce on 1 January 2005. That is $15.70 lower than the previous close of $437.50, a move of -3.59%.
The gold price fell on 1 January 2005, losing $15.70 (3.59%) against the previous session's close of $437.50.
At $421.80 per troy ounce, one gram of pure gold was worth about $13.56 on 1 January 2005. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 January 2005 18k gold was worth about $10.17 per gram and 14k about $7.91 per gram, against $13.56 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 62.6 on 1 January 2005, meaning one ounce of gold was worth roughly 62.6 ounces of silver.
A week before 1 January 2005, gold was around $437.50 per troy ounce, so the close of $421.80 is a loss of 3.6% over the week.
A month before 1 January 2005, gold was around $437.50 per troy ounce, so the close of $421.80 is a loss of 3.6% over the month.
A year before 1 January 2005, gold was around $402.20 per troy ounce. The close of $421.80 therefore represents a rise of 4.9% over twelve months.