Distance from the record
This close sat 9.81% 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 28 April 2004, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 7 November 2003
Gold closed at $385.40 per troy ounce on 28 April 2004, down $13.20 (3.31%) from the previous close of $398.60.
Notable session: lowest close of the month; moved more than 3% in a session.
Gold lost 3.31% 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 9.81% 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 $334.50, making this a +15.22% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $385.40 per troy ounce on 28 April 2004. That is $13.20 lower than the previous close of $398.60, a move of -3.31%.
The gold price fell on 28 April 2004, losing $13.20 (3.31%) against the previous session's close of $398.60.
At $385.40 per troy ounce, one gram of pure gold was worth about $12.39 on 28 April 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 28 April 2004 18k gold was worth about $9.29 per gram and 14k about $7.23 per gram, against $12.39 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 65.7 on 28 April 2004, meaning one ounce of gold was worth roughly 65.7 ounces of silver.
A month before 28 April 2004, gold was around $422.10 per troy ounce, so the close of $385.40 is a loss of 8.7% over the month.
A year before 28 April 2004, gold was around $334.50 per troy ounce. The close of $385.40 therefore represents a rise of 15.2% over twelve months.
It closed 9.81% below the highest close on record up to that date, which was set on 2004-03-31.