Distance from the record
This close sat 6.78% below the highest gold close recorded up to that date, set on 2004-01-09.
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This page is a historical record of the gold price in 20 February 2004, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 26 November 2003
Gold closed at $397.50 per troy ounce on 20 February 2004, down $12.30 (3.00%) from the previous close of $409.80.
Notable session: moved more than 3% in a session.
Gold lost 3.00% in one session, far more than a normal day's range. Falls this size rarely happen in isolation — the days on either side give the move its context.
This close sat 6.78% 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 $353.10, making this a +12.57% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $397.50 per troy ounce on 20 February 2004. That is $12.30 lower than the previous close of $409.80, a move of -3.00%.
The gold price fell on 20 February 2004, losing $12.30 (3.00%) against the previous session's close of $409.80.
At $397.50 per troy ounce, one gram of pure gold was worth about $12.78 on 20 February 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 20 February 2004 18k gold was worth about $9.58 per gram and 14k about $7.45 per gram, against $12.78 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 60.9 on 20 February 2004, meaning one ounce of gold was worth roughly 60.9 ounces of silver.
A week before 20 February 2004, gold was around $410.30 per troy ounce, so the close of $397.50 is a loss of 3.1% over the week.
A year before 20 February 2004, gold was around $353.10 per troy ounce. The close of $397.50 therefore represents a rise of 12.6% over twelve months.
This close was session 3 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 6.78% below the highest close on record up to that date, which was set on 2004-01-09.