Distance from the record
This close sat 7.17% 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 7 July 2005, not the current price.See today's gold price (11 September 2026)
Gold closed at $423.30 per troy ounce on 7 July 2005, down $0.200 (0.05%) from the previous close of $423.50.
Gold barely moved, closing within 0.05% of the previous session. Flat days are the majority of any price series and are most useful as the baseline the notable days are measured against.
This close sat 7.17% 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 $402.30, making this a +5.22% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $423.30 per troy ounce on 7 July 2005. That is $0.20 lower than the previous close of $423.50, a move of -0.05%.
The gold price fell on 7 July 2005, losing $0.20 (0.05%) against the previous session's close of $423.50.
At $423.30 per troy ounce, one gram of pure gold was worth about $13.61 on 7 July 2005. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 July 2005 18k gold was worth about $10.21 per gram and 14k about $7.94 per gram, against $13.61 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 60.9 on 7 July 2005, meaning one ounce of gold was worth roughly 60.9 ounces of silver.
A week before 7 July 2005, gold was around $435.90 per troy ounce, so the close of $423.30 is a loss of 2.9% over the week.
It closed 7.17% below the highest close on record up to that date, which was set on 2004-12-03.