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 November 2004, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 18 October 2004
Gold closed at $420.00 per troy ounce on 2 November 2004, down $8.500 (1.98%) from the previous close of $428.50.
Notable session: lowest close of the month.
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 2.10% below the highest gold close recorded up to that date, set on 2004-10-25.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $384.50, making this a +9.23% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $420.00 per troy ounce on 2 November 2004. That is $8.50 lower than the previous close of $428.50, a move of -1.98%.
The gold price fell on 2 November 2004, losing $8.50 (1.98%) against the previous session's close of $428.50.
At $420.00 per troy ounce, one gram of pure gold was worth about $13.50 on 2 November 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 2 November 2004 18k gold was worth about $10.13 per gram and 14k about $7.88 per gram, against $13.50 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 59.9 on 2 November 2004, meaning one ounce of gold was worth roughly 59.9 ounces of silver.
It closed 2.10% below the highest close on record up to that date, which was set on 2004-10-25.