Highest so far that year
At the time, no session earlier in the year had closed higher.
Loading…
This page is a historical record of the gold price in 8 March 2005, not the current price.See today's gold price (11 September 2026)
Highest closing price since 28 December 2004
Gold closed at $440.30 per troy ounce on 8 March 2005, up $5.300 (1.22%) from the previous close of $435.00.
This close extended a run of 3 consecutive sessions of gains. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
At the time, no session earlier in the year had closed higher.
This close sat 3.44% 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 $400.60, making this a +9.91% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $440.30 per troy ounce on 8 March 2005. That is $5.30 higher than the previous close of $435.00, a move of 1.22%.
The gold price rose on 8 March 2005, gaining $5.30 (1.22%) against the previous session's close of $435.00.
At $440.30 per troy ounce, one gram of pure gold was worth about $14.16 on 8 March 2005. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 March 2005 18k gold was worth about $10.62 per gram and 14k about $8.26 per gram, against $14.16 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 58.7 on 8 March 2005, meaning one ounce of gold was worth roughly 58.7 ounces of silver.
A week before 8 March 2005, gold was around $428.70 per troy ounce, so the close of $440.30 is a gain of 2.7% over the week.
A month before 8 March 2005, gold was around $412.60 per troy ounce, so the close of $440.30 is a gain of 6.7% over the month.
This close was session 3 of a consecutive run of gains. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 3.44% below the highest close on record up to that date, which was set on 2004-12-03.