Distance from the record
This close sat 7.51% 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 22 July 2004, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 6 July 2004
Gold closed at $395.20 per troy ounce on 22 July 2004, down $1.900 (0.48%) from the previous close of $397.10.
This close extended a run of 4 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 7.51% 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 $350.60, making this a +12.72% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $395.20 per troy ounce on 22 July 2004. That is $1.90 lower than the previous close of $397.10, a move of -0.48%.
The gold price fell on 22 July 2004, losing $1.90 (0.48%) against the previous session's close of $397.10.
At $395.20 per troy ounce, one gram of pure gold was worth about $12.71 on 22 July 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 22 July 2004 18k gold was worth about $9.53 per gram and 14k about $7.41 per gram, against $12.71 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 61.6 on 22 July 2004, meaning one ounce of gold was worth roughly 61.6 ounces of silver.
A week before 22 July 2004, gold was around $404.20 per troy ounce, so the close of $395.20 is a loss of 2.2% over the week.
A year before 22 July 2004, gold was around $350.60 per troy ounce. The close of $395.20 therefore represents a rise of 12.7% over twelve months.
This close was session 4 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 7.51% below the highest close on record up to that date, which was set on 2004-03-31.