Distance from the record
This close sat 4.73% below the highest gold close recorded up to that date, set on 2005-12-12.
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This page is a historical record of the gold price in 16 December 2005, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 2 December 2005
Gold closed at $503.40 per troy ounce on 16 December 2005, down $0.500 (0.10%) from the previous close of $503.90.
This close extended a run of 4 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 4.73% below the highest gold close recorded up to that date, set on 2005-12-12.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $436.90, making this a +15.22% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $503.40 per troy ounce on 16 December 2005. That is $0.50 lower than the previous close of $503.90, a move of -0.10%.
The gold price fell on 16 December 2005, losing $0.50 (0.10%) against the previous session's close of $503.90.
At $503.40 per troy ounce, one gram of pure gold was worth about $16.18 on 16 December 2005. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 December 2005 18k gold was worth about $12.14 per gram and 14k about $9.44 per gram, against $16.18 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 59.1 on 16 December 2005, meaning one ounce of gold was worth roughly 59.1 ounces of silver.
A week before 16 December 2005, gold was around $527.00 per troy ounce, so the close of $503.40 is a loss of 4.5% over the week.
A month before 16 December 2005, gold was around $478.30 per troy ounce, so the close of $503.40 is a gain of 5.2% over the month.
A year before 16 December 2005, gold was around $436.90 per troy ounce. The close of $503.40 therefore represents a rise of 15.2% over twelve months.
This close was session 4 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 4.73% below the highest close on record up to that date, which was set on 2005-12-12.