Distance from the record
This close sat 9.43% 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 27 July 2004, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 16 June 2004
Gold closed at $387.00 per troy ounce on 27 July 2004, down $3.300 (0.85%) from the previous close of $390.30.
Notable session: lowest close of the month.
This close extended a run of 7 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 close sat 9.43% 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 $362.70, making this a +6.70% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $387.00 per troy ounce on 27 July 2004. That is $3.30 lower than the previous close of $390.30, a move of -0.85%.
The gold price fell on 27 July 2004, losing $3.30 (0.85%) against the previous session's close of $390.30.
At $387.00 per troy ounce, one gram of pure gold was worth about $12.44 on 27 July 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 27 July 2004 18k gold was worth about $9.33 per gram and 14k about $7.26 per gram, against $12.44 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 62.0 on 27 July 2004, meaning one ounce of gold was worth roughly 62.0 ounces of silver.
A week before 27 July 2004, gold was around $401.90 per troy ounce, so the close of $387.00 is a loss of 3.7% over the week.
This close was session 7 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 9.43% below the highest close on record up to that date, which was set on 2004-03-31.