Distance from the record
This close sat 4.70% 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 September 2004, not the current price.See today's gold price (11 September 2026)
Gold closed at $407.20 per troy ounce on 22 September 2004, down $1.100 (0.27%) from the previous close of $408.30.
This close sat 4.70% 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 $387.20, making this a +5.17% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $407.20 per troy ounce on 22 September 2004. That is $1.10 lower than the previous close of $408.30, a move of -0.27%.
The gold price fell on 22 September 2004, losing $1.10 (0.27%) against the previous session's close of $408.30.
At $407.20 per troy ounce, one gram of pure gold was worth about $13.09 on 22 September 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 22 September 2004 18k gold was worth about $9.82 per gram and 14k about $7.64 per gram, against $13.09 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 64.1 on 22 September 2004, meaning one ounce of gold was worth roughly 64.1 ounces of silver.
It closed 4.70% below the highest close on record up to that date, which was set on 2004-03-31.