Distance from the record
This close sat 6.45% 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 5 January 2005, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 3 November 2004
Gold closed at $426.60 per troy ounce on 5 January 2005, down $1.900 (0.44%) from the previous close of $428.50.
This close extended a run of 3 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 6.45% 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 $424.40, making this a +0.52% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $426.60 per troy ounce on 5 January 2005. That is $1.90 lower than the previous close of $428.50, a move of -0.44%.
The gold price fell on 5 January 2005, losing $1.90 (0.44%) against the previous session's close of $428.50.
At $426.60 per troy ounce, one gram of pure gold was worth about $13.72 on 5 January 2005. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 5 January 2005 18k gold was worth about $10.29 per gram and 14k about $8.00 per gram, against $13.72 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 65.5 on 5 January 2005, meaning one ounce of gold was worth roughly 65.5 ounces of silver.
A week before 5 January 2005, gold was around $436.00 per troy ounce, so the close of $426.60 is a loss of 2.2% over the week.
A month before 5 January 2005, gold was around $456.00 per troy ounce, so the close of $426.60 is a loss of 6.4% over the month.
This close was session 3 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 6.45% below the highest close on record up to that date, which was set on 2004-12-03.