Distance from the record
This close sat 3.13% below the highest gold close recorded up to that date, set on 2004-10-01.
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This page is a historical record of the gold price in 12 October 2004, not the current price.See today's gold price (11 September 2026)
Gold closed at $415.10 per troy ounce on 12 October 2004, down $6.900 (1.64%) from the previous close of $422.00.
This close sat 3.13% below the highest gold close recorded up to that date, set on 2004-10-01.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $373.60, making this a +11.11% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $415.10 per troy ounce on 12 October 2004. That is $6.90 lower than the previous close of $422.00, a move of -1.64%.
The gold price fell on 12 October 2004, losing $6.90 (1.64%) against the previous session's close of $422.00.
At $415.10 per troy ounce, one gram of pure gold was worth about $13.35 on 12 October 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 12 October 2004 18k gold was worth about $10.01 per gram and 14k about $7.79 per gram, against $13.35 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 59.0 on 12 October 2004, meaning one ounce of gold was worth roughly 59.0 ounces of silver.
It closed 3.13% below the highest close on record up to that date, which was set on 2004-10-01.