Highest so far that week
This was the strongest close of the week up to that point.
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This page is a historical record of the gold price in 20 January 2004, not the current price.See today's gold price (11 September 2026)
Gold closed at $412.70 per troy ounce on 20 January 2004, up $6.000 (1.48%) from the previous close of $406.70.
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.
This was the strongest close of the week up to that point.
This close sat 3.21% 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 $356.60, making this a +15.73% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $412.70 per troy ounce on 20 January 2004. That is $6.00 higher than the previous close of $406.70, a move of 1.48%.
The gold price rose on 20 January 2004, gaining $6.00 (1.48%) against the previous session's close of $406.70.
At $412.70 per troy ounce, one gram of pure gold was worth about $13.27 on 20 January 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 20 January 2004 18k gold was worth about $9.95 per gram and 14k about $7.74 per gram, against $13.27 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 65.4 on 20 January 2004, meaning one ounce of gold was worth roughly 65.4 ounces of silver.
A week before 20 January 2004, gold was around $423.70 per troy ounce, so the close of $412.70 is a loss of 2.6% over the week.
A year before 20 January 2004, gold was around $356.60 per troy ounce. The close of $412.70 therefore represents a rise of 15.7% over twelve months.
It closed 3.21% below the highest close on record up to that date, which was set on 2004-01-09.