Highest so far that week
This was the strongest close of the week up to that point.
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This page is a historical record of the gold price in 26 January 2004, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 1 January 2004
Gold closed at $406.60 per troy ounce on 26 January 2004, down $1.300 (0.32%) from the previous close of $407.90.
This close extended a run of 4 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 was the strongest close of the week up to that point.
This close sat 4.64% 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 $368.20, making this a +10.43% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $406.60 per troy ounce on 26 January 2004. That is $1.30 lower than the previous close of $407.90, a move of -0.32%.
The gold price fell on 26 January 2004, losing $1.30 (0.32%) against the previous session's close of $407.90.
At $406.60 per troy ounce, one gram of pure gold was worth about $13.07 on 26 January 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 26 January 2004 18k gold was worth about $9.80 per gram and 14k about $7.63 per gram, against $13.07 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 64.5 on 26 January 2004, meaning one ounce of gold was worth roughly 64.5 ounces of silver.
This close was session 4 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 4.64% below the highest close on record up to that date, which was set on 2004-01-09.