Distance from the record
This close sat 1.87% below the highest gold close recorded up to that date, set on 2024-05-20.
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This page is a historical record of the gold price in 5 July 2024, not the current price.See today's gold price (11 September 2026)
Gold closed at $2,388.50 per troy ounce on 5 July 2024, up $28.70 (1.22%) from the previous close of $2,359.80.
This close sat 1.87% below the highest gold close recorded up to that date, set on 2024-05-20.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,919.60, making this a +24.43% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $2,388.50 per troy ounce on 5 July 2024. That is $28.70 higher than the previous close of $2,359.80, a move of 1.22%.
The gold price rose on 5 July 2024, gaining $28.70 (1.22%) against the previous session's close of $2,359.80.
At $2,388.50 per troy ounce, one gram of pure gold was worth about $76.79 on 5 July 2024. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 5 July 2024 18k gold was worth about $57.59 per gram and 14k about $44.80 per gram, against $76.79 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 76.1 on 5 July 2024, meaning one ounce of gold was worth roughly 76.1 ounces of silver.
A week before 5 July 2024, gold was around $2,327.70 per troy ounce, so the close of $2,388.50 is a gain of 2.6% over the week.
A year before 5 July 2024, gold was around $1,919.60 per troy ounce. The close of $2,388.50 therefore represents a rise of 24.4% over twelve months.
It closed 1.87% below the highest close on record up to that date, which was set on 2024-05-20.