Highest so far that week
This was the strongest close of the week up to that point.
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This page is a historical record of the gold price in 16 May 2005, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 10 February 2005
Gold closed at $418.90 per troy ounce on 16 May 2005, down $1.300 (0.31%) from the previous close of $420.20.
This close extended a run of 3 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 was the strongest close of the week up to that point.
This close sat 8.14% 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 $377.00, making this a +11.11% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $418.90 per troy ounce on 16 May 2005. That is $1.30 lower than the previous close of $420.20, a move of -0.31%.
The gold price fell on 16 May 2005, losing $1.30 (0.31%) against the previous session's close of $420.20.
At $418.90 per troy ounce, one gram of pure gold was worth about $13.47 on 16 May 2005. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 May 2005 18k gold was worth about $10.10 per gram and 14k about $7.86 per gram, against $13.47 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 60.4 on 16 May 2005, meaning one ounce of gold was worth roughly 60.4 ounces of silver.
This close was session 3 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 8.14% below the highest close on record up to that date, which was set on 2004-12-03.