Distance from the record
This close sat 7.18% 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 25 February 2004, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 25 November 2003
Gold closed at $395.80 per troy ounce on 25 February 2004, down $8.700 (2.15%) from the previous close of $404.50.
Notable session: lowest close of the month.
Gold lost 2.15% in one session, far more than a normal day's range. Falls this size rarely happen in isolation — the days on either side give the move its context.
This close sat 7.18% 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 $352.30, making this a +12.35% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $395.80 per troy ounce on 25 February 2004. That is $8.70 lower than the previous close of $404.50, a move of -2.15%.
The gold price fell on 25 February 2004, losing $8.70 (2.15%) against the previous session's close of $404.50.
At $395.80 per troy ounce, one gram of pure gold was worth about $12.73 on 25 February 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 25 February 2004 18k gold was worth about $9.54 per gram and 14k about $7.42 per gram, against $12.73 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 60.6 on 25 February 2004, meaning one ounce of gold was worth roughly 60.6 ounces of silver.
A week before 25 February 2004, gold was around $412.30 per troy ounce, so the close of $395.80 is a loss of 4.0% over the week.
A year before 25 February 2004, gold was around $352.30 per troy ounce. The close of $395.80 therefore represents a rise of 12.3% over twelve months.
It closed 7.18% below the highest close on record up to that date, which was set on 2004-01-09.