Distance from the record
This close sat 6.86% 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 March 2005, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 11 February 2005
Gold closed at $424.70 per troy ounce on 24 March 2005, down $0.500 (0.12%) from the previous close of $425.20.
Notable session: lowest close of the month.
Gold barely moved, closing within 0.12% of the previous session. Flat days are the majority of any price series and are most useful as the baseline the notable days are measured against.
This close sat 6.86% 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 $417.20, making this a +1.80% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $424.70 per troy ounce on 24 March 2005. That is $0.50 lower than the previous close of $425.20, a move of -0.12%.
The gold price fell on 24 March 2005, losing $0.50 (0.12%) against the previous session's close of $425.20.
At $424.70 per troy ounce, one gram of pure gold was worth about $13.65 on 24 March 2005. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 24 March 2005 18k gold was worth about $10.24 per gram and 14k about $7.97 per gram, against $13.65 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 61.3 on 24 March 2005, meaning one ounce of gold was worth roughly 61.3 ounces of silver.
A week before 24 March 2005, gold was around $438.70 per troy ounce, so the close of $424.70 is a loss of 3.2% over the week.
It closed 6.86% below the highest close on record up to that date, which was set on 2004-12-03.