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 February 2004, not the current price.See today's gold price (11 September 2026)
Gold closed at $398.70 per troy ounce on 2 February 2004, down $3.500 (0.87%) from the previous close of $402.20.
No earlier session that month closed above this level.
This close sat 6.50% below the highest gold close recorded up to that date, set on 2004-01-09.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $368.30, making this a +8.25% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $398.70 per troy ounce on 2 February 2004. That is $3.50 lower than the previous close of $402.20, a move of -0.87%.
The gold price fell on 2 February 2004, losing $3.50 (0.87%) against the previous session's close of $402.20.
At $398.70 per troy ounce, one gram of pure gold was worth about $12.82 on 2 February 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 2 February 2004 18k gold was worth about $9.61 per gram and 14k about $7.48 per gram, against $12.82 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 66.0 on 2 February 2004, meaning one ounce of gold was worth roughly 66.0 ounces of silver.
It closed 6.50% below the highest close on record up to that date, which was set on 2004-01-09.