Distance from the record
This close sat 5.29% 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 September 2004, not the current price.See today's gold price (11 September 2026)
Gold closed at $404.70 per troy ounce on 16 September 2004, down $0.300 (0.07%) from the previous close of $405.00.
Gold barely moved, closing within 0.07% of the previous session. Flat days are the majority of any price series and are most useful as the baseline the notable days are measured against.
This close sat 5.29% 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 $373.50, making this a +8.35% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $404.70 per troy ounce on 16 September 2004. That is $0.30 lower than the previous close of $405.00, a move of -0.07%.
The gold price fell on 16 September 2004, losing $0.30 (0.07%) against the previous session's close of $405.00.
At $404.70 per troy ounce, one gram of pure gold was worth about $13.01 on 16 September 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 September 2004 18k gold was worth about $9.76 per gram and 14k about $7.59 per gram, against $13.01 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 64.4 on 16 September 2004, meaning one ounce of gold was worth roughly 64.4 ounces of silver.
It closed 5.29% below the highest close on record up to that date, which was set on 2004-03-31.