Distance from the record
This close sat 5.38% 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 18 August 2004, not the current price.See today's gold price (11 September 2026)
Gold closed at $404.30 per troy ounce on 18 August 2004, down $0.100 (0.02%) from the previous close of $404.40.
Gold barely moved, closing within 0.02% 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 5.38% 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 $358.40, making this a +12.81% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $404.30 per troy ounce on 18 August 2004. That is $0.10 lower than the previous close of $404.40, a move of -0.02%.
The gold price fell on 18 August 2004, losing $0.10 (0.02%) against the previous session's close of $404.40.
At $404.30 per troy ounce, one gram of pure gold was worth about $13.00 on 18 August 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 18 August 2004 18k gold was worth about $9.75 per gram and 14k about $7.58 per gram, against $13.00 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 59.2 on 18 August 2004, meaning one ounce of gold was worth roughly 59.2 ounces of silver.
A week before 18 August 2004, gold was around $395.50 per troy ounce, so the close of $404.30 is a gain of 2.2% over the week.
A year before 18 August 2004, gold was around $358.40 per troy ounce. The close of $404.30 therefore represents a rise of 12.8% over twelve months.
It closed 5.38% below the highest close on record up to that date, which was set on 2004-03-31.