Distance from the record
This close sat 8.64% 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 3 February 2005, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 18 October 2004
Gold closed at $416.60 per troy ounce on 3 February 2005, down $4.500 (1.07%) from the previous close of $421.10.
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 $399.20, making this a +4.36% 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 3 February 2005. That is $4.50 lower than the previous close of $421.10, a move of -1.07%.
The gold price fell on 3 February 2005, losing $4.50 (1.07%) against the previous session's close of $421.10.
At $416.60 per troy ounce, one gram of pure gold was worth about $13.39 on 3 February 2005. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 3 February 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 62.5 on 3 February 2005, meaning one ounce of gold was worth roughly 62.5 ounces of silver.
A week before 3 February 2005, gold was around $426.30 per troy ounce, so the close of $416.60 is a loss of 2.3% over the week.
It closed 8.64% below the highest close on record up to that date, which was set on 2004-12-03.