Highest so far that month
No earlier session that month closed above this level.
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This page is a historical record of the gold price in 17 March 2004, not the current price.See today's gold price (11 September 2026)
Highest closing price since 19 February 2004
Gold closed at $406.90 per troy ounce on 17 March 2004, up $4.500 (1.12%) from the previous close of $402.40.
This close extended a run of 3 consecutive sessions of gains. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
No earlier session that month closed above this level.
This close sat 4.57% 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 $337.10, making this a +20.71% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $406.90 per troy ounce on 17 March 2004. That is $4.50 higher than the previous close of $402.40, a move of 1.12%.
The gold price rose on 17 March 2004, gaining $4.50 (1.12%) against the previous session's close of $402.40.
At $406.90 per troy ounce, one gram of pure gold was worth about $13.08 on 17 March 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 17 March 2004 18k gold was worth about $9.81 per gram and 14k about $7.63 per gram, against $13.08 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 56.1 on 17 March 2004, meaning one ounce of gold was worth roughly 56.1 ounces of silver.
A year before 17 March 2004, gold was around $337.10 per troy ounce. The close of $406.90 therefore represents a rise of 20.7% over twelve months.
This close was session 3 of a consecutive run of gains. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 4.57% below the highest close on record up to that date, which was set on 2004-01-09.