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 24 May 2005, not the current price.See today's gold price (11 September 2026)
Gold closed at $417.50 per troy ounce on 24 May 2005, up $0.900 (0.22%) from the previous close of $416.60.
This was the strongest close of the week up to that point.
This close sat 8.44% 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 237 of 246 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $385.60, making this a +8.27% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $417.50 per troy ounce on 24 May 2005. That is $0.90 higher than the previous close of $416.60, a move of 0.22%.
The gold price rose on 24 May 2005, gaining $0.90 (0.22%) against the previous session's close of $416.60.
At $417.50 per troy ounce, one gram of pure gold was worth about $13.42 on 24 May 2005. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 24 May 2005 18k gold was worth about $10.07 per gram and 14k about $7.83 per gram, against $13.42 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 59.7 on 24 May 2005, meaning one ounce of gold was worth roughly 59.7 ounces of silver.
It closed 8.44% below the highest close on record up to that date, which was set on 2004-12-03.