Distance from the record
This close sat 6.15% 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 16 April 2004, not the current price.See today's gold price (11 September 2026)
Gold closed at $401.00 per troy ounce on 16 April 2004, up $3.300 (0.83%) from the previous close of $397.70.
This close sat 6.15% 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 $325.80, making this a +23.08% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $401.00 per troy ounce on 16 April 2004. That is $3.30 higher than the previous close of $397.70, a move of 0.83%.
The gold price rose on 16 April 2004, gaining $3.30 (0.83%) against the previous session's close of $397.70.
At $401.00 per troy ounce, one gram of pure gold was worth about $12.89 on 16 April 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 April 2004 18k gold was worth about $9.67 per gram and 14k about $7.52 per gram, against $12.89 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 56.2 on 16 April 2004, meaning one ounce of gold was worth roughly 56.2 ounces of silver.
A week before 16 April 2004, gold was around $419.90 per troy ounce, so the close of $401.00 is a loss of 4.5% over the week.
A year before 16 April 2004, gold was around $325.80 per troy ounce. The close of $401.00 therefore represents a rise of 23.1% over twelve months.
It closed 6.15% below the highest close on record up to that date, which was set on 2004-03-31.