Gold Price in October 2005
In October 2005, gold fell 0.8%, from $469.00 at the end of September to $465.10 per troy ounce on October 31, 2005. The highest close was $477.10 on October 11, 2005, the lowest $461.00 on October 20, 2005, and the average over 21 trading days was $470.00. Today's price is 765.4% higher than the October 2005 close.
- Gold fell 0.8% in US dollars in October 2005, leaving it up 6.3% for the year to date.
- Measured in other currencies, the change ranged from −1.1% in CHF to +4.9% in ZAR, because exchange rates moved too.
- It did better than US stocks (−1.7%), and worse than silver (+1.2%).
- It closed higher on 8 trading days and lower on 11, with an average daily move of 0.69%.
- At the end of the month it was 2.5% below its highest close since 2000.
- Gold/silver ratio: 62.9 → 61.6.
Gold price chart, October 2005
US dollars per troy ounce · daily closeGold in other currencies, October 2005
| Currency | Change in the month |
|---|---|
| ZAR | +4.9% |
| JPY | +1.8% |
| INR | +1.7% |
| CAD | +0.8% |
| EUR | −0.5% |
| TRY | −0.7% |
| PKR | −0.8% |
| CNY | −0.9% |
| GBP | −1.1% |
| EGP | −1.1% |
| CHF | −1.1% |
Price in each currency at each day's exchange rate, previous month-end to this month-end. A weaker currency makes gold rise more in local terms.
Gold vs other assets, October 2005
| Asset | Change (USD) |
|---|---|
| Gold | −0.8% |
| Silver | +1.2% |
| S&P 500 (with dividends) | −1.7% |
| US inflation (CPI, month) | +0.20% |
| Gold, year to date (end of October) | +6.3% |
| Gold/silver ratio | 62.9 → 61.6 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, October 2005
Closing price for every trading day, with the same price in INR and AED at that day's exchange rate.
| Date | Close (USD per oz) | Change | USD per gram | 24K India, ₹ per 10 g | 24K UAE, AED per gram |
|---|---|---|---|---|---|
| Oct 3Mon | $466.10 | −0.62% | $14.99 | ₹6,603 | AED 55.00 |
| Oct 4Tue | $466.10 | 0.00% | $14.99 | ₹6,600 | AED 55.01 |
| Oct 5Wed | $466.10 | 0.00% | $14.99 | ₹6,624 | AED 55.02 |
| Oct 6Thu | $471.90 | +1.24% | $15.17 | ₹6,697 | AED 55.71 |
| Oct 7Fri | $474.70 | +0.59% | $15.26 | ₹6,767 | AED 56.05 |
| Oct 10Mon | $475.10 | +0.08% | $15.27 | ₹6,835 | AED 56.08 |
| Oct 11Tue | $477.10 | +0.42% | $15.34 | ₹6,881 | AED 56.32 |
| Oct 12Wed | $473.90 | −0.67% | $15.24 | ₹6,818 | AED 55.94 |
| Oct 13Thu | $471.10 | −0.59% | $15.15 | ₹6,796 | AED 55.61 |
| Oct 14Fri | $469.20 | −0.40% | $15.09 | ₹6,746 | AED 55.39 |
| Oct 17Mon | $474.10 | +1.04% | $15.24 | ₹6,830 | AED 55.96 |
| Oct 18Tue | $472.10 | −0.42% | $15.18 | ₹6,833 | AED 55.71 |
| Oct 19Wed | $463.50 | −1.82% | $14.90 | ₹6,719 | AED 54.71 |
| Oct 20Thu | $461.00 | −0.54% | $14.82 | ₹6,687 | AED 54.42 |
| Oct 21Fri | $467.00 | +1.30% | $15.01 | ₹6,758 | AED 55.14 |
| Oct 24Mon | $465.00 | −0.43% | $14.95 | ₹6,735 | AED 54.89 |
| Oct 25Tue | $472.80 | +1.68% | $15.20 | ₹6,825 | AED 55.81 |
| Oct 26Wed | $471.20 | −0.34% | $15.15 | ₹6,808 | AED 55.62 |
| Oct 27Thu | $473.80 | +0.55% | $15.23 | ₹6,853 | AED 55.93 |
| Oct 28Fri | $473.00 | −0.17% | $15.21 | ₹6,845 | AED 55.85 |
| Oct 31Mon | $465.10 | −1.67% | $14.95 | ₹6,735 | AED 54.91 |
How October usually goes for gold
In the 20 years from 2006 to 2025, gold rose in October 12 times out of 20, with an average move of +0.6% and a median of +1.6%.
Gold in October 2005: FAQ
What was the price of gold in October 2005?
Gold traded between $461.00 and $477.10 per troy ounce (daily closes) in October 2005, averaging $470.00. It closed the month at $465.10.
How much did gold go down in October 2005?
Gold fell 0.8%, from $469.00 to $465.10. The biggest daily rise was +1.7% on October 25, 2005 and the biggest fall −1.8% on October 19, 2005.
What was the gold price on October 3, 2005?
Gold closed at $466.10 per troy ounce on October 3, 2005, the first trading day of the month. 24K India, ₹ per 10 g: ₹6,603.
Is October usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in October 12 times out of 20, with an average move of +0.6% and a median of +1.6%. Past seasonal patterns are not a reliable guide to any single year.
How much did gold change in rupees in October 2005?
Gold rose 1.7% in Indian rupee terms in October 2005, compared with −0.8% in US dollars.
Did gold beat stocks in October 2005?
Yes. Gold was −0.8% for the month, against −1.7% for the S&P 500 with dividends.
Did gold keep up with inflation in October 2005?
US consumer prices (CPI) changed +0.20% in October, so gold's real (inflation-adjusted) change was about −1.0%.