Distance from the record
This close sat 4.10% below the highest gold close recorded up to that date, set on 2004-12-03.
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This page is a historical record of the gold price in 24 August 2005, not the current price.See today's gold price (11 September 2026)
Gold closed at $437.30 per troy ounce on 24 August 2005, down $2.100 (0.48%) from the previous close of $439.40.
This close sat 4.10% 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 $403.00, making this a +8.51% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $437.30 per troy ounce on 24 August 2005. That is $2.10 lower than the previous close of $439.40, a move of -0.48%.
The gold price fell on 24 August 2005, losing $2.10 (0.48%) against the previous session's close of $439.40.
At $437.30 per troy ounce, one gram of pure gold was worth about $14.06 on 24 August 2005. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 24 August 2005 18k gold was worth about $10.54 per gram and 14k about $8.20 per gram, against $14.06 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 63.2 on 24 August 2005, meaning one ounce of gold was worth roughly 63.2 ounces of silver.
It closed 4.10% below the highest close on record up to that date, which was set on 2004-12-03.