Distance from the record
This close sat 2.16% 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 24 March 2004, not the current price.See today's gold price (11 September 2026)
Gold closed at $417.20 per troy ounce on 24 March 2004, down $2.600 (0.62%) from the previous close of $419.80.
This close sat 2.16% 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 $329.50, making this a +26.62% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $417.20 per troy ounce on 24 March 2004. That is $2.60 lower than the previous close of $419.80, a move of -0.62%.
The gold price fell on 24 March 2004, losing $2.60 (0.62%) against the previous session's close of $419.80.
At $417.20 per troy ounce, one gram of pure gold was worth about $13.41 on 24 March 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 24 March 2004 18k gold was worth about $10.06 per gram and 14k about $7.82 per gram, against $13.41 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 54.6 on 24 March 2004, meaning one ounce of gold was worth roughly 54.6 ounces of silver.
A week before 24 March 2004, gold was around $406.90 per troy ounce, so the close of $417.20 is a gain of 2.5% over the week.
A year before 24 March 2004, gold was around $329.50 per troy ounce. The close of $417.20 therefore represents a rise of 26.6% over twelve months.
It closed 2.16% below the highest close on record up to that date, which was set on 2004-01-09.