Highest so far that month
No earlier session that month closed above this level.
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This page is a historical record of the gold price in 27 May 2004, not the current price.See today's gold price (11 September 2026)
Highest closing price since 27 April 2004
Gold closed at $394.90 per troy ounce on 27 May 2004, up $6.600 (1.70%) from the previous close of $388.30.
Notable session: highest close of the month.
No earlier session that month closed above this level.
This close sat 7.58% 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 $367.80, making this a +7.37% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $394.90 per troy ounce on 27 May 2004. That is $6.60 higher than the previous close of $388.30, a move of 1.70%.
The gold price rose on 27 May 2004, gaining $6.60 (1.70%) against the previous session's close of $388.30.
At $394.90 per troy ounce, one gram of pure gold was worth about $12.70 on 27 May 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 27 May 2004 18k gold was worth about $9.52 per gram and 14k about $7.41 per gram, against $12.70 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 63.8 on 27 May 2004, meaning one ounce of gold was worth roughly 63.8 ounces of silver.
A week before 27 May 2004, gold was around $378.40 per troy ounce, so the close of $394.90 is a gain of 4.4% over the week.
It closed 7.58% below the highest close on record up to that date, which was set on 2004-03-31.