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Gold's highest closing price on record
Gold closed at $494.60 per troy ounce on 1 November 2005, up $29.50 (6.34%) from the previous close of $465.10.
Notable session: moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $451.30, making this a +9.59% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $494.60 per troy ounce on 1 November 2005. That is $29.50 higher than the previous close of $465.10, a move of 6.34%.
The gold price rose on 1 November 2005, gaining $29.50 (6.34%) against the previous session's close of $465.10.
At $494.60 per troy ounce, one gram of pure gold was worth about $15.90 on 1 November 2005. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 November 2005 18k gold was worth about $11.93 per gram and 14k about $9.28 per gram, against $15.90 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 59.7 on 1 November 2005, meaning one ounce of gold was worth roughly 59.7 ounces of silver.
A week before 1 November 2005, gold was around $465.10 per troy ounce, so the close of $494.60 is a gain of 6.3% over the week.
A month before 1 November 2005, gold was around $465.10 per troy ounce, so the close of $494.60 is a gain of 6.3% over the month.
A year before 1 November 2005, gold was around $451.30 per troy ounce. The close of $494.60 therefore represents a rise of 9.6% over twelve months.