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 31 May 2005, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 9 February 2005
Gold closed at $416.30 per troy ounce on 31 May 2005, down $3.500 (0.83%) from the previous close of $419.80.
Notable session: lowest close of the month.
This was the strongest close of the week up to that point.
This close sat 8.71% 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 242 of 246 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $394.00, making this a +5.66% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $416.30 per troy ounce on 31 May 2005. That is $3.50 lower than the previous close of $419.80, a move of -0.83%.
The gold price fell on 31 May 2005, losing $3.50 (0.83%) against the previous session's close of $419.80.
At $416.30 per troy ounce, one gram of pure gold was worth about $13.38 on 31 May 2005. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 31 May 2005 18k gold was worth about $10.04 per gram and 14k about $7.81 per gram, against $13.38 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 55.9 on 31 May 2005, meaning one ounce of gold was worth roughly 55.9 ounces of silver.
It closed 8.71% below the highest close on record up to that date, which was set on 2004-12-03.