Highest so far that month
No earlier session that month closed above this level.
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This page is a historical record of the gold price in 12 July 2004, not the current price.See today's gold price (11 September 2026)
Highest closing price since 12 April 2004
Gold closed at $408.10 per troy ounce on 12 July 2004, up $0.600 (0.15%) from the previous close of $407.50.
Notable session: highest close of the month.
Gold barely moved, closing within 0.15% of the previous session. Flat days are the majority of any price series and are most useful as the baseline the notable days are measured against.
No earlier session that month closed above this level.
This close sat 4.49% below the highest gold close recorded up to that date, set on 2004-03-31.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $344.80, making this a +18.36% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $408.10 per troy ounce on 12 July 2004. That is $0.60 higher than the previous close of $407.50, a move of 0.15%.
The gold price rose on 12 July 2004, gaining $0.60 (0.15%) against the previous session's close of $407.50.
At $408.10 per troy ounce, one gram of pure gold was worth about $13.12 on 12 July 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 12 July 2004 18k gold was worth about $9.84 per gram and 14k about $7.65 per gram, against $13.12 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 62.5 on 12 July 2004, meaning one ounce of gold was worth roughly 62.5 ounces of silver.
A week before 12 July 2004, gold was around $398.30 per troy ounce, so the close of $408.10 is a gain of 2.5% over the week.
A month before 12 July 2004, gold was around $385.90 per troy ounce, so the close of $408.10 is a gain of 5.8% over the month.
A year before 12 July 2004, gold was around $344.80 per troy ounce. The close of $408.10 therefore represents a rise of 18.4% over twelve months.
It closed 4.49% below the highest close on record up to that date, which was set on 2004-03-31.
The most recent higher close was about 3 months earlier — 62 trading sessions before this one.