Distance from the record
This close sat 9.13% below the highest gold close recorded up to that date, set on 2004-03-31.
Loading…
This page is a historical record of the gold price in 26 May 2004, not the current price.See today's gold price (11 September 2026)
Gold closed at $388.30 per troy ounce on 26 May 2004, unchanged from the previous close of $388.30.
Gold barely moved, closing within 0.00% of the previous session. Flat days are the majority of any price series and are most useful as the baseline the notable days are measured against.
This close sat 9.13% 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 $368.80, making this a +5.29% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $388.30 per troy ounce on 26 May 2004. That is $0.00 higher than the previous close of $388.30, a move of 0.00%.
The gold price was unchanged on 26 May 2004, gaining $0.00 (0.00%) against the previous session's close of $388.30.
At $388.30 per troy ounce, one gram of pure gold was worth about $12.48 on 26 May 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 26 May 2004 18k gold was worth about $9.36 per gram and 14k about $7.28 per gram, against $12.48 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 64.2 on 26 May 2004, meaning one ounce of gold was worth roughly 64.2 ounces of silver.
It closed 9.13% below the highest close on record up to that date, which was set on 2004-03-31.