Distance from the record
This close sat 2.57% below the highest gold close recorded up to that date, set on 2004-12-03.
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This page is a historical record of the gold price in 28 December 2004, not the current price.See today's gold price (11 September 2026)
Gold closed at $444.30 per troy ounce on 28 December 2004, down $0.900 (0.20%) from the previous close of $445.20.
This close sat 2.57% below the highest gold close recorded up to that date, set on 2004-12-03.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $412.30, making this a +7.76% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $444.30 per troy ounce on 28 December 2004. That is $0.90 lower than the previous close of $445.20, a move of -0.20%.
The gold price fell on 28 December 2004, losing $0.90 (0.20%) against the previous session's close of $445.20.
At $444.30 per troy ounce, one gram of pure gold was worth about $14.28 on 28 December 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 28 December 2004 18k gold was worth about $10.71 per gram and 14k about $8.33 per gram, against $14.28 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 63.2 on 28 December 2004, meaning one ounce of gold was worth roughly 63.2 ounces of silver.
It closed 2.57% below the highest close on record up to that date, which was set on 2004-12-03.