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 2 August 2004, not the current price.See today's gold price (11 September 2026)
Highest closing price since 22 July 2004
Gold closed at $391.70 per troy ounce on 2 August 2004, up $0.700 (0.18%) from the previous close of $391.00.
Notable session: lowest close of the month.
No earlier session that month closed above this level.
This close sat 8.33% 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 $354.00, making this a +10.65% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $391.70 per troy ounce on 2 August 2004. That is $0.70 higher than the previous close of $391.00, a move of 0.18%.
The gold price rose on 2 August 2004, gaining $0.70 (0.18%) against the previous session's close of $391.00.
At $391.70 per troy ounce, one gram of pure gold was worth about $12.59 on 2 August 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 2 August 2004 18k gold was worth about $9.45 per gram and 14k about $7.35 per gram, against $12.59 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 59.3 on 2 August 2004, meaning one ounce of gold was worth roughly 59.3 ounces of silver.
It closed 8.33% below the highest close on record up to that date, which was set on 2004-03-31.