Distance from the record
This close sat 7.54% below the highest gold close recorded up to that date, set on 2004-12-03.
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This page is a historical record of the gold price in 12 May 2005, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 11 February 2005
Gold closed at $421.60 per troy ounce on 12 May 2005, down $5.600 (1.31%) from the previous close of $427.20.
This close sat 7.54% below the highest gold close recorded up to that date, set on 2004-12-03.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $377.40, making this a +11.71% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $421.60 per troy ounce on 12 May 2005. That is $5.60 lower than the previous close of $427.20, a move of -1.31%.
The gold price fell on 12 May 2005, losing $5.60 (1.31%) against the previous session's close of $427.20.
At $421.60 per troy ounce, one gram of pure gold was worth about $13.55 on 12 May 2005. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 12 May 2005 18k gold was worth about $10.17 per gram and 14k about $7.91 per gram, against $13.55 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 60.7 on 12 May 2005, meaning one ounce of gold was worth roughly 60.7 ounces of silver.
It closed 7.54% below the highest close on record up to that date, which was set on 2004-12-03.