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 October 2004, not the current price.See today's gold price (11 September 2026)
Highest closing price since 1 October 2004
Gold closed at $423.50 per troy ounce on 20 October 2004, up $3.200 (0.76%) from the previous close of $420.30.
This was the strongest close of the week up to that point.
This close sat 1.17% below the highest gold close recorded up to that date, set on 2004-10-01.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $374.00, making this a +13.24% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $423.50 per troy ounce on 20 October 2004. That is $3.20 higher than the previous close of $420.30, a move of 0.76%.
The gold price rose on 20 October 2004, gaining $3.20 (0.76%) against the previous session's close of $420.30.
At $423.50 per troy ounce, one gram of pure gold was worth about $13.62 on 20 October 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 20 October 2004 18k gold was worth about $10.21 per gram and 14k about $7.94 per gram, against $13.62 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 57.8 on 20 October 2004, meaning one ounce of gold was worth roughly 57.8 ounces of silver.
A week before 20 October 2004, gold was around $413.20 per troy ounce, so the close of $423.50 is a gain of 2.5% over the week.
A year before 20 October 2004, gold was around $374.00 per troy ounce. The close of $423.50 therefore represents a rise of 13.2% over twelve months.
It closed 1.17% below the highest close on record up to that date, which was set on 2004-10-01.