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Lowest closing price since 1 October 2004
Gold closed at $437.50 per troy ounce on 1 December 2004, down $13.80 (3.06%) from the previous close of $451.30.
Notable session: moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $415.70, making this a +5.24% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $437.50 per troy ounce on 1 December 2004. That is $13.80 lower than the previous close of $451.30, a move of -3.06%.
The gold price fell on 1 December 2004, losing $13.80 (3.06%) against the previous session's close of $451.30.
At $437.50 per troy ounce, one gram of pure gold was worth about $14.07 on 1 December 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 December 2004 18k gold was worth about $10.55 per gram and 14k about $8.21 per gram, against $14.07 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 64.3 on 1 December 2004, meaning one ounce of gold was worth roughly 64.3 ounces of silver.
A week before 1 December 2004, gold was around $451.30 per troy ounce, so the close of $437.50 is a loss of 3.1% over the week.
A month before 1 December 2004, gold was around $451.30 per troy ounce, so the close of $437.50 is a loss of 3.1% over the month.
A year before 1 December 2004, gold was around $415.70 per troy ounce. The close of $437.50 therefore represents a rise of 5.2% over twelve months.