Distance from the record
This close sat 4.34% below the highest gold close recorded up to that date, set on 2004-01-09.
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This page is a historical record of the gold price in 23 January 2004, not the current price.See today's gold price (11 September 2026)
Gold closed at $407.90 per troy ounce on 23 January 2004, down $2.100 (0.51%) from the previous close of $410.00.
This close extended a run of 3 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 4.34% below the highest gold close recorded up to that date, set on 2004-01-09.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $364.50, making this a +11.91% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $407.90 per troy ounce on 23 January 2004. That is $2.10 lower than the previous close of $410.00, a move of -0.51%.
The gold price fell on 23 January 2004, losing $2.10 (0.51%) against the previous session's close of $410.00.
At $407.90 per troy ounce, one gram of pure gold was worth about $13.11 on 23 January 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 23 January 2004 18k gold was worth about $9.84 per gram and 14k about $7.65 per gram, against $13.11 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 64.2 on 23 January 2004, meaning one ounce of gold was worth roughly 64.2 ounces of silver.
This close was session 3 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 4.34% below the highest close on record up to that date, which was set on 2004-01-09.