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 March 2004, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 25 November 2003
Gold closed at $393.50 per troy ounce on 2 March 2004, down $2.900 (0.73%) from the previous close of $396.40.
No earlier session that month closed above this level.
This close sat 7.72% 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 $350.20, making this a +12.36% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $393.50 per troy ounce on 2 March 2004. That is $2.90 lower than the previous close of $396.40, a move of -0.73%.
The gold price fell on 2 March 2004, losing $2.90 (0.73%) against the previous session's close of $396.40.
At $393.50 per troy ounce, one gram of pure gold was worth about $12.65 on 2 March 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 2 March 2004 18k gold was worth about $9.49 per gram and 14k about $7.38 per gram, against $12.65 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 58.6 on 2 March 2004, meaning one ounce of gold was worth roughly 58.6 ounces of silver.
A week before 2 March 2004, gold was around $404.50 per troy ounce, so the close of $393.50 is a loss of 2.7% over the week.
A year before 2 March 2004, gold was around $350.20 per troy ounce. The close of $393.50 therefore represents a rise of 12.4% over twelve months.
It closed 7.72% below the highest close on record up to that date, which was set on 2004-01-09.