Gold price in January 2005: daily prices, high, low and change
Gold closed January 2005 at $421.80 an ounce, down 3.59% on the month. The highest close was $428.70 on 3 Jan and the lowest $418.90 on 7 Jan. Every trading day below, with ranks and context computed from COMEX data.
Gold price chart, January 2005 (daily close and high-low range, US$ per ounce)
Gold line = daily settlement; bars = intraday high to low where available; dashed line = December 2004 close ($437.50).
Daily gold prices in January 2005 (20 trading days)
| Date | Open | High | Low | Close | Change | % change |
|---|---|---|---|---|---|---|
| Mon 3 Jan worst day | — | — | — | $428.70 | −$8.80 | −2.01% |
| Tue 4 Jan | — | — | — | $428.50 | −$0.20 | −0.05% |
| Wed 5 Jan | — | — | — | $426.60 | −$1.90 | −0.44% |
| Thu 6 Jan | — | — | — | $421.00 | −$5.60 | −1.31% |
| Fri 7 Jan | $423.70 | $423.70 | $418.70 | $418.90 | −$2.10 | −0.50% |
| Mon 10 Jan | — | — | — | $419.10 | +$0.20 | +0.05% |
| Tue 11 Jan | — | — | — | $421.90 | +$2.80 | +0.67% |
| Wed 12 Jan | — | — | — | $426.10 | +$4.20 | +1.00% |
| Thu 13 Jan | — | — | — | $424.50 | −$1.60 | −0.38% |
| Fri 14 Jan | $422.00 | $423.20 | $422.00 | $422.70 | −$1.80 | −0.42% |
| Tue 18 Jan | — | — | — | $423.20 | +$0.50 | +0.12% |
| Wed 19 Jan | — | — | — | $423.00 | −$0.20 | −0.05% |
| Thu 20 Jan | — | — | — | $422.40 | −$0.60 | −0.14% |
| Fri 21 Jan | — | — | — | $426.70 | +$4.30 | +1.02% |
| Mon 24 Jan | — | — | — | $426.90 | +$0.20 | +0.05% |
| Tue 25 Jan | — | — | — | $422.00 | −$4.90 | −1.15% |
| Wed 26 Jan best day | — | — | — | $426.90 | +$4.90 | +1.16% |
| Thu 27 Jan | — | — | — | $426.30 | −$0.60 | −0.14% |
| Fri 28 Jan | $426.10 | $427.50 | $424.00 | $425.80 | −$0.50 | −0.12% |
| Mon 31 Jan | $426.00 | $426.50 | $419.30 | $421.80 | −$4.00 | −0.94% |
Close = COMEX gold futures settlement in US dollars per troy ounce; change is against the previous trading day's close. Open, high and low are shown as — on 16 days where the source has no usable intraday data (common before 2012, when the front-month contract traded thinly in the data feed).
Monthly open, high, low and close
| January 2005 | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| Settlements | $428.70 | $428.70 | $418.90 | $421.80 | −3.59% |
Settlements: first, highest, lowest and last daily close of the month (the basis used on the 2005 page and the monthly returns heatmap). Intraday highs and lows are not shown because the source lacks usable intraday data for part of this month.
Source: COMEX gold futures (GC=F) daily settlements and intraday bars via Yahoo Finance; US CPI (FRED CPIAUCSL) for the inflation adjustment; World Bank Pink Sheet for the monthly London average. Figures are final settlements; sources may occasionally revise historical data.
Gold in January 2005: summary
Gold dropped 3.59% in January 2005, settling the month at $421.80 an ounce against $437.50 at the end of December 2004. Settlement prices ranged from $418.90 on 7 January 2005 to $428.70 on 3 January 2005, a spread of $9.80 (2.2%), narrower than the 6.1% average of the previous 12 months. Gold closed higher on 7 of 20 trading days and lower on 13; the strongest session was 26 January 2005 (+1.16%) and the weakest 3 January 2005 (−2.01%).
On the monthly change, January 2005 was the 2nd-worst January of the 26 since 2001.
How January 2005 compares
- Against other Januaries: at −3.59%, January 2005 ranks 25th of 26 Januaries since 2001 (best first).
- Against every month: it ranks 268th of 313 months since September 2000, better than 14% of them.
- Range: the gap between the highest and lowest close was $9.80, or 2.2% of the opening level, 0.4× the 6.1% average of the previous 12 months.
- Daily moves: the average day moved 0.59% (up or down), against 0.79% over the previous 12 months, so January 2005 was calmer than usual.
- Streaks: the longest run of higher closes was 3 days and the longest run of lower closes 5 days.
- Bigger picture: at the month-end close gold was +4.87% over 12 months (against the January 2004 close of $402.20).
- Average price: the mean of the 20 daily closes was $424.15; the World Bank's monthly average of the London (LBMA) price was $424.00.
Across the other 25 completed Januaries since 2001, gold averaged +3.22% and rose in 17 of them (68%). January 2005 lagged that average by 6.8 percentage points. The gold seasonality tool shows the same statistics for every calendar month, and the monthly returns heatmap lays out all Januaries side by side.
January 2005 in today's dollars
Adjusted for US consumer-price inflation, the $421.80 closing price equals about $740 in September 2026 dollars (CPI 191.6 in January 2005 against 336.3 in September 2026, FRED series CPIAUCSL), 76% more than the nominal figure. The gold price history hub restates every year's close on the same basis, and the all-time-high tracker lists every record close in nominal dollars.
Gold price by month in 2005
The gold price in 2005 page has the year's open, high, low and close, and the monthly archive on the gold price history hub explains how these month pages are built.
Frequently asked questions
What was the gold price in January 2005?
Gold closed January 2005 at $421.80 an ounce (COMEX settlement). It opened the month at $428.70 and averaged $424.15 across 20 trading days; the World Bank’s London average for the month was $424.00.
Did gold go up in January 2005?
No. Gold was down 3.59% in January 2005, from $437.50 at the end of December 2004 to $421.80. It closed higher on 7 of 20 days. Among Januaries since 2001 it ranks 25th of 26 (best first).
What was the highest gold price in January 2005?
The highest close was $428.70 on 3 January 2005.
What was the lowest gold price in January 2005?
The lowest close was $418.90 on 7 January 2005, $9.80 (2.2%) below the month’s highest close.
Educational information only, not financial advice and not a forecast. Past prices do not predict future prices. See our risk disclaimer and editorial policy.