Distance from the record
This close sat 11.79% below the highest gold close recorded up to that date, set on 2004-03-31.
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This page is a historical record of the gold price in 11 May 2004, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 20 October 2003
Gold closed at $376.90 per troy ounce on 11 May 2004, down $1.400 (0.37%) from the previous close of $378.30.
This close extended a run of 4 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 11.79% below the highest gold close recorded up to that date, set on 2004-03-31.
One of the ten lowest gold closes of that year, ranking 245 of 247 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $348.60, making this a +8.12% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $376.90 per troy ounce on 11 May 2004. That is $1.40 lower than the previous close of $378.30, a move of -0.37%.
The gold price fell on 11 May 2004, losing $1.40 (0.37%) against the previous session's close of $378.30.
At $376.90 per troy ounce, one gram of pure gold was worth about $12.12 on 11 May 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 11 May 2004 18k gold was worth about $9.09 per gram and 14k about $7.07 per gram, against $12.12 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 68.4 on 11 May 2004, meaning one ounce of gold was worth roughly 68.4 ounces of silver.
A week before 11 May 2004, gold was around $391.40 per troy ounce, so the close of $376.90 is a loss of 3.7% over the week.
A month before 11 May 2004, gold was around $419.90 per troy ounce, so the close of $376.90 is a loss of 10.2% over the month.
This close was session 4 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 11.79% below the highest close on record up to that date, which was set on 2004-03-31.