Highest so far that week
This was the strongest close of the week up to that point.
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This page is a historical record of the gold price in 16 March 2004, not the current price.See today's gold price (11 September 2026)
Gold closed at $402.40 per troy ounce on 16 March 2004, up $3.000 (0.75%) from the previous close of $399.40.
This was the strongest close of the week up to that point.
This close sat 5.63% below the highest gold close recorded up to that date, set on 2004-01-09.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $336.50, making this a +19.58% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $402.40 per troy ounce on 16 March 2004. That is $3.00 higher than the previous close of $399.40, a move of 0.75%.
The gold price rose on 16 March 2004, gaining $3.00 (0.75%) against the previous session's close of $399.40.
At $402.40 per troy ounce, one gram of pure gold was worth about $12.94 on 16 March 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 March 2004 18k gold was worth about $9.70 per gram and 14k about $7.55 per gram, against $12.94 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 56.2 on 16 March 2004, meaning one ounce of gold was worth roughly 56.2 ounces of silver.
A year before 16 March 2004, gold was around $336.50 per troy ounce. The close of $402.40 therefore represents a rise of 19.6% over twelve months.
It closed 5.63% below the highest close on record up to that date, which was set on 2004-01-09.