The invention provides a golf ball having a core and a cover of one layer or a plurality of layers, wherein the core is formed of a material molded under heat from a rubber composition containing (A) a base rubber, (B) an organic peroxide, and (C) water and/or a metal monocarboxylate, and has a hysteresis loss of 50% or less when compressed at a load cell speed of 500 mm/min and under a constant load of 5,000 N.