Distance from the record
This close sat 11.77% 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 14 May 2004, not the current price.See today's gold price (11 September 2026)
Gold closed at $377.00 per troy ounce on 14 May 2004, up $2.200 (0.59%) from the previous close of $374.80.
This close sat 11.77% 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 244 of 247 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $352.30, making this a +7.01% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $377.00 per troy ounce on 14 May 2004. That is $2.20 higher than the previous close of $374.80, a move of 0.59%.
The gold price rose on 14 May 2004, gaining $2.20 (0.59%) against the previous session's close of $374.80.
At $377.00 per troy ounce, one gram of pure gold was worth about $12.12 on 14 May 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 14 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 65.9 on 14 May 2004, meaning one ounce of gold was worth roughly 65.9 ounces of silver.
A month before 14 May 2004, gold was around $399.80 per troy ounce, so the close of $377.00 is a loss of 5.7% over the month.
It closed 11.77% below the highest close on record up to that date, which was set on 2004-03-31.