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 23 May 2005, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 9 February 2005
Gold closed at $416.60 per troy ounce on 23 May 2005, down $0.800 (0.19%) from the previous close of $417.40.
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 8.64% below the highest gold close recorded up to that date, set on 2004-12-03.
One of the ten lowest gold closes of that year, ranking 240 of 246 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $384.80, making this a +8.26% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $416.60 per troy ounce on 23 May 2005. That is $0.80 lower than the previous close of $417.40, a move of -0.19%.
The gold price fell on 23 May 2005, losing $0.80 (0.19%) against the previous session's close of $417.40.
At $416.60 per troy ounce, one gram of pure gold was worth about $13.39 on 23 May 2005. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 23 May 2005 18k gold was worth about $10.05 per gram and 14k about $7.81 per gram, against $13.39 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 59.9 on 23 May 2005, meaning one ounce of gold was worth roughly 59.9 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 8.64% below the highest close on record up to that date, which was set on 2004-12-03.