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 18 October 2004, not the current price.See today's gold price (11 September 2026)
Gold closed at $416.20 per troy ounce on 18 October 2004, down $2.500 (0.60%) from the previous close of $418.70.
This was the strongest close of the week up to that point.
This close sat 2.87% below the highest gold close recorded up to that date, set on 2004-10-01.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $371.80, making this a +11.94% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $416.20 per troy ounce on 18 October 2004. That is $2.50 lower than the previous close of $418.70, a move of -0.60%.
The gold price fell on 18 October 2004, losing $2.50 (0.60%) against the previous session's close of $418.70.
At $416.20 per troy ounce, one gram of pure gold was worth about $13.38 on 18 October 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 18 October 2004 18k gold was worth about $10.04 per gram and 14k about $7.81 per gram, against $13.38 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 59.7 on 18 October 2004, meaning one ounce of gold was worth roughly 59.7 ounces of silver.
It closed 2.87% below the highest close on record up to that date, which was set on 2004-10-01.