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 18 May 2005, not the current price.See today's gold price (11 September 2026)
Gold closed at $421.50 per troy ounce on 18 May 2005, up $2.100 (0.50%) from the previous close of $419.40.
This was the strongest close of the week up to that point.
This close sat 7.57% 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 $375.80, making this a +12.16% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $421.50 per troy ounce on 18 May 2005. That is $2.10 higher than the previous close of $419.40, a move of 0.50%.
The gold price rose on 18 May 2005, gaining $2.10 (0.50%) against the previous session's close of $419.40.
At $421.50 per troy ounce, one gram of pure gold was worth about $13.55 on 18 May 2005. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 18 May 2005 18k gold was worth about $10.16 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 58.7 on 18 May 2005, meaning one ounce of gold was worth roughly 58.7 ounces of silver.
A year before 18 May 2005, gold was around $375.80 per troy ounce. The close of $421.50 therefore represents a rise of 12.2% over twelve months.
It closed 7.57% below the highest close on record up to that date, which was set on 2004-12-03.