Highest so far that month
No earlier session that month closed above this level.
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This page is a historical record of the gold price in 23 March 2004, not the current price.See today's gold price (11 September 2026)
Highest closing price since 14 January 2004
Gold closed at $419.80 per troy ounce on 23 March 2004, up $2.400 (0.57%) from the previous close of $417.40.
This close extended a run of 7 consecutive sessions of gains. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
No earlier session that month closed above this level.
This close sat 1.55% 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 $326.00, making this a +28.77% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $419.80 per troy ounce on 23 March 2004. That is $2.40 higher than the previous close of $417.40, a move of 0.57%.
The gold price rose on 23 March 2004, gaining $2.40 (0.57%) against the previous session's close of $417.40.
At $419.80 per troy ounce, one gram of pure gold was worth about $13.50 on 23 March 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 23 March 2004 18k gold was worth about $10.12 per gram and 14k about $7.87 per gram, against $13.50 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 54.5 on 23 March 2004, meaning one ounce of gold was worth roughly 54.5 ounces of silver.
A week before 23 March 2004, gold was around $402.40 per troy ounce, so the close of $419.80 is a gain of 4.3% over the week.
A month before 23 March 2004, gold was around $399.00 per troy ounce, so the close of $419.80 is a gain of 5.2% over the month.
A year before 23 March 2004, gold was around $326.00 per troy ounce. The close of $419.80 therefore represents a rise of 28.8% over twelve months.
This close was session 7 of a consecutive run of gains. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 1.55% below the highest close on record up to that date, which was set on 2004-01-09.