Distance from the record
This close sat 2.67% below the highest gold close recorded up to that date, set on 2005-12-01.
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This page is a historical record of the gold price in 2 December 2005, not the current price.See today's gold price (11 September 2026)
Gold closed at $503.30 per troy ounce on 2 December 2005, down $13.80 (2.67%) from the previous close of $517.10.
Gold lost 2.67% in one session, far more than a normal day's range. Falls this size rarely happen in isolation — the days on either side give the move its context.
This close sat 2.67% below the highest gold close recorded up to that date, set on 2005-12-01.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $450.40, making this a +11.75% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $503.30 per troy ounce on 2 December 2005. That is $13.80 lower than the previous close of $517.10, a move of -2.67%.
The gold price fell on 2 December 2005, losing $13.80 (2.67%) against the previous session's close of $517.10.
At $503.30 per troy ounce, one gram of pure gold was worth about $16.18 on 2 December 2005. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 2 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 58.9 on 2 December 2005, meaning one ounce of gold was worth roughly 58.9 ounces of silver.
A week before 2 December 2005, gold was around $492.10 per troy ounce, so the close of $503.30 is a gain of 2.3% over the week.
A month before 2 December 2005, gold was around $462.80 per troy ounce, so the close of $503.30 is a gain of 8.8% over the month.
It closed 2.67% below the highest close on record up to that date, which was set on 2005-12-01.