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 23 August 2004, not the current price.See today's gold price (11 September 2026)
Gold closed at $410.50 per troy ounce on 23 August 2004, down $2.700 (0.65%) from the previous close of $413.20.
This was the strongest close of the week up to that point.
This close sat 3.93% 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 $363.10, making this a +13.05% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $410.50 per troy ounce on 23 August 2004. That is $2.70 lower than the previous close of $413.20, a move of -0.65%.
The gold price fell on 23 August 2004, losing $2.70 (0.65%) against the previous session's close of $413.20.
At $410.50 per troy ounce, one gram of pure gold was worth about $13.20 on 23 August 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 23 August 2004 18k gold was worth about $9.90 per gram and 14k about $7.70 per gram, against $13.20 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 60.9 on 23 August 2004, meaning one ounce of gold was worth roughly 60.9 ounces of silver.
A month before 23 August 2004, gold was around $390.50 per troy ounce, so the close of $410.50 is a gain of 5.1% over the month.
A year before 23 August 2004, gold was around $363.10 per troy ounce. The close of $410.50 therefore represents a rise of 13.1% over twelve months.
It closed 3.93% below the highest close on record up to that date, which was set on 2004-03-31.