Distance from the record
This close sat 4.19% below the highest gold close recorded up to that date, set on 2004-12-03.
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This page is a historical record of the gold price in 16 December 2004, not the current price.See today's gold price (11 September 2026)
Gold closed at $436.90 per troy ounce on 16 December 2004, down $3.900 (0.88%) from the previous close of $440.80.
This close sat 4.19% below the highest gold close recorded up to that date, set on 2004-12-03.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $407.70, making this a +7.16% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $436.90 per troy ounce on 16 December 2004. That is $3.90 lower than the previous close of $440.80, a move of -0.88%.
The gold price fell on 16 December 2004, losing $3.90 (0.88%) against the previous session's close of $440.80.
At $436.90 per troy ounce, one gram of pure gold was worth about $14.05 on 16 December 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 December 2004 18k gold was worth about $10.53 per gram and 14k about $8.19 per gram, against $14.05 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 65.3 on 16 December 2004, meaning one ounce of gold was worth roughly 65.3 ounces of silver.
It closed 4.19% below the highest close on record up to that date, which was set on 2004-12-03.