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Lowest closing price since 1 November 2003
Gold closed at $402.20 per troy ounce on 1 January 2004, down $13.50 (3.25%) from the previous close of $415.70.
Notable session: moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $368.30, making this a +9.20% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $402.20 per troy ounce on 1 January 2004. That is $13.50 lower than the previous close of $415.70, a move of -3.25%.
The gold price fell on 1 January 2004, losing $13.50 (3.25%) against the previous session's close of $415.70.
At $402.20 per troy ounce, one gram of pure gold was worth about $12.93 on 1 January 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 January 2004 18k gold was worth about $9.70 per gram and 14k about $7.54 per gram, against $12.93 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 64.4 on 1 January 2004, meaning one ounce of gold was worth roughly 64.4 ounces of silver.
A week before 1 January 2004, gold was around $415.70 per troy ounce, so the close of $402.20 is a loss of 3.2% over the week.
A month before 1 January 2004, gold was around $415.70 per troy ounce, so the close of $402.20 is a loss of 3.2% over the month.
A year before 1 January 2004, gold was around $368.30 per troy ounce. The close of $402.20 therefore represents a rise of 9.2% over twelve months.