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Gold's highest closing price on record
Gold closed at $469.00 per troy ounce on 1 September 2005, up $35.20 (8.11%) from the previous close of $433.80.
Notable session: moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $418.70, making this a +12.01% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $469.00 per troy ounce on 1 September 2005. That is $35.20 higher than the previous close of $433.80, a move of 8.11%.
The gold price rose on 1 September 2005, gaining $35.20 (8.11%) against the previous session's close of $433.80.
At $469.00 per troy ounce, one gram of pure gold was worth about $15.08 on 1 September 2005. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 September 2005 18k gold was worth about $11.31 per gram and 14k about $8.80 per gram, against $15.08 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 62.9 on 1 September 2005, meaning one ounce of gold was worth roughly 62.9 ounces of silver.
A week before 1 September 2005, gold was around $433.80 per troy ounce, so the close of $469.00 is a gain of 8.1% over the week.
A month before 1 September 2005, gold was around $433.80 per troy ounce, so the close of $469.00 is a gain of 8.1% over the month.
A year before 1 September 2005, gold was around $418.70 per troy ounce. The close of $469.00 therefore represents a rise of 12.0% over twelve months.