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 December 2004, not the current price.See today's gold price (11 September 2026)
Gold closed at $450.40 per troy ounce on 2 December 2004, up $12.90 (2.95%) from the previous close of $437.50.
This was a 2.95% move in one session — well beyond a typical day for gold. Moves this size are usually a reaction to something specific rather than ordinary drift, so the surrounding news is worth checking alongside the number.
No earlier session that month closed above this level.
One of the ten highest gold closes of that year, ranking 6 of 247 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $403.70, making this a +11.57% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $450.40 per troy ounce on 2 December 2004. That is $12.90 higher than the previous close of $437.50, a move of 2.95%.
The gold price rose on 2 December 2004, gaining $12.90 (2.95%) against the previous session's close of $437.50.
At $450.40 per troy ounce, one gram of pure gold was worth about $14.48 on 2 December 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 2 December 2004 18k gold was worth about $10.86 per gram and 14k about $8.45 per gram, against $14.48 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 57.0 on 2 December 2004, meaning one ounce of gold was worth roughly 57.0 ounces of silver.
A month before 2 December 2004, gold was around $420.00 per troy ounce, so the close of $450.40 is a gain of 7.2% over the month.
It closed 0.73% below the highest close on record up to that date, which was set on 2004-11-29.