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Gold's highest closing price on record
Gold closed at $451.30 per troy ounce on 1 November 2004, up $22.80 (5.32%) from the previous close of $428.50.
Notable session: highest close of the year; moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $396.80, making this a +13.73% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $451.30 per troy ounce on 1 November 2004. That is $22.80 higher than the previous close of $428.50, a move of 5.32%.
The gold price rose on 1 November 2004, gaining $22.80 (5.32%) against the previous session's close of $428.50.
At $451.30 per troy ounce, one gram of pure gold was worth about $14.51 on 1 November 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 November 2004 18k gold was worth about $10.88 per gram and 14k about $8.46 per gram, against $14.51 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 58.4 on 1 November 2004, meaning one ounce of gold was worth roughly 58.4 ounces of silver.
A week before 1 November 2004, gold was around $428.50 per troy ounce, so the close of $451.30 is a gain of 5.3% over the week.
A month before 1 November 2004, gold was around $428.50 per troy ounce, so the close of $451.30 is a gain of 5.3% over the month.
A year before 1 November 2004, gold was around $396.80 per troy ounce. The close of $451.30 therefore represents a rise of 13.7% over twelve months.