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Lowest closing price since 1 April 2004
Gold closed at $391.00 per troy ounce on 1 July 2004, down $1.600 (0.41%) from the previous close of $392.60.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $354.00, making this a +10.45% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $391.00 per troy ounce on 1 July 2004. That is $1.60 lower than the previous close of $392.60, a move of -0.41%.
The gold price fell on 1 July 2004, losing $1.60 (0.41%) against the previous session's close of $392.60.
At $391.00 per troy ounce, one gram of pure gold was worth about $12.57 on 1 July 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 July 2004 18k gold was worth about $9.43 per gram and 14k about $7.33 per gram, against $12.57 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 59.7 on 1 July 2004, meaning one ounce of gold was worth roughly 59.7 ounces of silver.
A week before 1 July 2004, gold was around $392.60 per troy ounce, so the close of $391.00 is a loss of 0.4% over the week.
A month before 1 July 2004, gold was around $392.60 per troy ounce, so the close of $391.00 is a loss of 0.4% over the month.
A year before 1 July 2004, gold was around $354.00 per troy ounce. The close of $391.00 therefore represents a rise of 10.5% over twelve months.