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 21 May 2004, not the current price.See today's gold price (11 September 2026)
Highest closing price since 6 May 2004
Gold closed at $384.80 per troy ounce on 21 May 2004, up $6.400 (1.69%) from the previous close of $378.40.
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 9.95% 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 $372.00, making this a +3.44% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $384.80 per troy ounce on 21 May 2004. That is $6.40 higher than the previous close of $378.40, a move of 1.69%.
The gold price rose on 21 May 2004, gaining $6.40 (1.69%) against the previous session's close of $378.40.
At $384.80 per troy ounce, one gram of pure gold was worth about $12.37 on 21 May 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 21 May 2004 18k gold was worth about $9.28 per gram and 14k about $7.22 per gram, against $12.37 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 65.6 on 21 May 2004, meaning one ounce of gold was worth roughly 65.6 ounces of silver.
A week before 21 May 2004, gold was around $377.00 per troy ounce, so the close of $384.80 is a gain of 2.1% over the week.
It closed 9.95% below the highest close on record up to that date, which was set on 2004-03-31.