Distance from the record
This close sat 9.99% 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 June 2004, not the current price.See today's gold price (11 September 2026)
Gold closed at $384.60 per troy ounce on 16 June 2004, down $3.500 (0.90%) from the previous close of $388.10.
This close sat 9.99% 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 $359.00, making this a +7.13% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $384.60 per troy ounce on 16 June 2004. That is $3.50 lower than the previous close of $388.10, a move of -0.90%.
The gold price fell on 16 June 2004, losing $3.50 (0.90%) against the previous session's close of $388.10.
At $384.60 per troy ounce, one gram of pure gold was worth about $12.37 on 16 June 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 June 2004 18k gold was worth about $9.27 per gram and 14k about $7.21 per gram, against $12.37 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 67.2 on 16 June 2004, meaning one ounce of gold was worth roughly 67.2 ounces of silver.
It closed 9.99% below the highest close on record up to that date, which was set on 2004-03-31.