Highest so far that week
This was the strongest close of the week up to that point.
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This page is a historical record of the gold price in 28 January 2004, not the current price.See today's gold price (11 September 2026)
Highest closing price since 14 January 2004
Gold closed at $414.50 per troy ounce on 28 January 2004, up $4.500 (1.10%) from the previous close of $410.00.
This was the strongest close of the week up to that point.
This close sat 2.79% below the highest gold close recorded up to that date, set on 2004-01-09.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $370.00, making this a +12.03% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $414.50 per troy ounce on 28 January 2004. That is $4.50 higher than the previous close of $410.00, a move of 1.10%.
The gold price rose on 28 January 2004, gaining $4.50 (1.10%) against the previous session's close of $410.00.
At $414.50 per troy ounce, one gram of pure gold was worth about $13.33 on 28 January 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 28 January 2004 18k gold was worth about $9.99 per gram and 14k about $7.77 per gram, against $13.33 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 62.6 on 28 January 2004, meaning one ounce of gold was worth roughly 62.6 ounces of silver.
A year before 28 January 2004, gold was around $370.00 per troy ounce. The close of $414.50 therefore represents a rise of 12.0% over twelve months.
It closed 2.79% below the highest close on record up to that date, which was set on 2004-01-09.