Distance from the record
This close sat 11.44% 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 May 2004, not the current price.See today's gold price (11 September 2026)
Gold closed at $378.40 per troy ounce on 20 May 2004, down $4.500 (1.18%) from the previous close of $382.90.
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 close sat 11.44% below the highest gold close recorded up to that date, set on 2004-03-31.
One of the ten lowest gold closes of that year, ranking 241 of 247 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $366.30, making this a +3.30% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $378.40 per troy ounce on 20 May 2004. That is $4.50 lower than the previous close of $382.90, a move of -1.18%.
The gold price fell on 20 May 2004, losing $4.50 (1.18%) against the previous session's close of $382.90.
At $378.40 per troy ounce, one gram of pure gold was worth about $12.17 on 20 May 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 20 May 2004 18k gold was worth about $9.12 per gram and 14k about $7.10 per gram, against $12.17 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 65.5 on 20 May 2004, meaning one ounce of gold was worth roughly 65.5 ounces of silver.
It closed 11.44% below the highest close on record up to that date, which was set on 2004-03-31.