Distance from the record
This close sat 12.05% 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 May 2004, not the current price.See today's gold price (11 September 2026)
Gold closed at $375.80 per troy ounce on 18 May 2004, down $3.700 (0.97%) from the previous close of $379.50.
This close sat 12.05% below the highest gold close recorded up to that date, set on 2004-03-31.
One of the ten lowest gold closes of that year, ranking 246 of 247 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $354.70, making this a +5.95% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $375.80 per troy ounce on 18 May 2004. That is $3.70 lower than the previous close of $379.50, a move of -0.97%.
The gold price fell on 18 May 2004, losing $3.70 (0.97%) against the previous session's close of $379.50.
At $375.80 per troy ounce, one gram of pure gold was worth about $12.08 on 18 May 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 18 May 2004 18k gold was worth about $9.06 per gram and 14k about $7.05 per gram, against $12.08 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 66.2 on 18 May 2004, meaning one ounce of gold was worth roughly 66.2 ounces of silver.
A month before 18 May 2004, gold was around $401.00 per troy ounce, so the close of $375.80 is a loss of 6.3% over the month.
It closed 12.05% below the highest close on record up to that date, which was set on 2004-03-31.