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Highest closing price since 1 March 2004
Gold closed at $394.00 per troy ounce on 1 May 2004, up $7.000 (1.81%) from the previous close of $387.00.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $364.50, making this a +8.09% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $394.00 per troy ounce on 1 May 2004. That is $7.00 higher than the previous close of $387.00, a move of 1.81%.
The gold price rose on 1 May 2004, gaining $7.00 (1.81%) against the previous session's close of $387.00.
At $394.00 per troy ounce, one gram of pure gold was worth about $12.67 on 1 May 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 May 2004 18k gold was worth about $9.50 per gram and 14k about $7.39 per gram, against $12.67 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 64.5 on 1 May 2004, meaning one ounce of gold was worth roughly 64.5 ounces of silver.
A week before 1 May 2004, gold was around $387.00 per troy ounce, so the close of $394.00 is a gain of 1.8% over the week.
A month before 1 May 2004, gold was around $387.00 per troy ounce, so the close of $394.00 is a gain of 1.8% over the month.
A year before 1 May 2004, gold was around $364.50 per troy ounce. The close of $394.00 therefore represents a rise of 8.1% over twelve months.