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 July 2004, not the current price.See today's gold price (11 September 2026)
Gold closed at $398.30 per troy ounce on 2 July 2004, up $7.300 (1.87%) from the previous close of $391.00.
Gold moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
No earlier session that month closed above this level.
This close sat 6.79% 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 $351.30, making this a +13.38% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $398.30 per troy ounce on 2 July 2004. That is $7.30 higher than the previous close of $391.00, a move of 1.87%.
The gold price rose on 2 July 2004, gaining $7.30 (1.87%) against the previous session's close of $391.00.
At $398.30 per troy ounce, one gram of pure gold was worth about $12.81 on 2 July 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 2 July 2004 18k gold was worth about $9.60 per gram and 14k about $7.47 per gram, against $12.81 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 66.4 on 2 July 2004, meaning one ounce of gold was worth roughly 66.4 ounces of silver.
A year before 2 July 2004, gold was around $351.30 per troy ounce. The close of $398.30 therefore represents a rise of 13.4% over twelve months.
It closed 6.79% below the highest close on record up to that date, which was set on 2004-03-31.