Loading…
Gold's highest closing price on record
Gold closed at $427.30 per troy ounce on 1 March 2004, up $25.10 (6.24%) from the previous close of $402.20.
Notable session: moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $335.90, making this a +27.21% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $427.30 per troy ounce on 1 March 2004. That is $25.10 higher than the previous close of $402.20, a move of 6.24%.
The gold price rose on 1 March 2004, gaining $25.10 (6.24%) against the previous session's close of $402.20.
At $427.30 per troy ounce, one gram of pure gold was worth about $13.74 on 1 March 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 March 2004 18k gold was worth about $10.30 per gram and 14k about $8.01 per gram, against $13.74 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 53.8 on 1 March 2004, meaning one ounce of gold was worth roughly 53.8 ounces of silver.
A week before 1 March 2004, gold was around $402.20 per troy ounce, so the close of $427.30 is a gain of 6.2% over the week.
A month before 1 March 2004, gold was around $402.20 per troy ounce, so the close of $427.30 is a gain of 6.2% over the month.
A year before 1 March 2004, gold was around $335.90 per troy ounce. The close of $427.30 therefore represents a rise of 27.2% over twelve months.