Loading…
Gold's highest closing price on record
Gold closed at $428.50 per troy ounce on 1 October 2004, up $9.800 (2.34%) from the previous close of $418.70.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $384.50, making this a +11.44% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $428.50 per troy ounce on 1 October 2004. That is $9.80 higher than the previous close of $418.70, a move of 2.34%.
The gold price rose on 1 October 2004, gaining $9.80 (2.34%) against the previous session's close of $418.70.
At $428.50 per troy ounce, one gram of pure gold was worth about $13.78 on 1 October 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 October 2004 18k gold was worth about $10.33 per gram and 14k about $8.04 per gram, against $13.78 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 58.8 on 1 October 2004, meaning one ounce of gold was worth roughly 58.8 ounces of silver.
A week before 1 October 2004, gold was around $418.70 per troy ounce, so the close of $428.50 is a gain of 2.3% over the week.
A month before 1 October 2004, gold was around $418.70 per troy ounce, so the close of $428.50 is a gain of 2.3% over the month.
A year before 1 October 2004, gold was around $384.50 per troy ounce. The close of $428.50 therefore represents a rise of 11.4% over twelve months.