Distance from the record
This close sat 5.69% 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 24 August 2004, not the current price.See today's gold price (11 September 2026)
Gold closed at $403.00 per troy ounce on 24 August 2004, down $7.500 (1.83%) from the previous close of $410.50.
This close sat 5.69% 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 +10.99% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $403.00 per troy ounce on 24 August 2004. That is $7.50 lower than the previous close of $410.50, a move of -1.83%.
The gold price fell on 24 August 2004, losing $7.50 (1.83%) against the previous session's close of $410.50.
At $403.00 per troy ounce, one gram of pure gold was worth about $12.96 on 24 August 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 24 August 2004 18k gold was worth about $9.72 per gram and 14k about $7.56 per gram, against $12.96 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 61.3 on 24 August 2004, meaning one ounce of gold was worth roughly 61.3 ounces of silver.
It closed 5.69% below the highest close on record up to that date, which was set on 2004-03-31.