Distance from the record
This close sat 6.84% 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 June 2005, not the current price.See today's gold price (11 September 2026)
Gold closed at $424.80 per troy ounce on 7 June 2005, down $1.700 (0.40%) from the previous close of $426.50.
This close sat 6.84% 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 $393.80, making this a +7.87% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $424.80 per troy ounce on 7 June 2005. That is $1.70 lower than the previous close of $426.50, a move of -0.40%.
The gold price fell on 7 June 2005, losing $1.70 (0.40%) against the previous session's close of $426.50.
At $424.80 per troy ounce, one gram of pure gold was worth about $13.66 on 7 June 2005. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 June 2005 18k gold was worth about $10.24 per gram and 14k about $7.97 per gram, against $13.66 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 57.2 on 7 June 2005, meaning one ounce of gold was worth roughly 57.2 ounces of silver.
A week before 7 June 2005, gold was around $416.30 per troy ounce, so the close of $424.80 is a gain of 2.0% over the week.
It closed 6.84% below the highest close on record up to that date, which was set on 2004-12-03.