Distance from the record
This close sat 5.94% below the highest gold close recorded up to that date, set on 2004-03-31.
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This page is a historical record of the gold price in 20 July 2004, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 6 July 2004
Gold closed at $401.90 per troy ounce on 20 July 2004, down $3.700 (0.91%) from the previous close of $405.60.
This close sat 5.94% 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 $347.20, making this a +15.75% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $401.90 per troy ounce on 20 July 2004. That is $3.70 lower than the previous close of $405.60, a move of -0.91%.
The gold price fell on 20 July 2004, losing $3.70 (0.91%) against the previous session's close of $405.60.
At $401.90 per troy ounce, one gram of pure gold was worth about $12.92 on 20 July 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 20 July 2004 18k gold was worth about $9.69 per gram and 14k about $7.54 per gram, against $12.92 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 60.9 on 20 July 2004, meaning one ounce of gold was worth roughly 60.9 ounces of silver.
A year before 20 July 2004, gold was around $347.20 per troy ounce. The close of $401.90 therefore represents a rise of 15.8% over twelve months.
It closed 5.94% below the highest close on record up to that date, which was set on 2004-03-31.