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This page is a historical record of the gold price in 29 October 2004, not the current price.See today's gold price (11 September 2026)
Gold closed at $428.50 per troy ounce on 29 October 2004, up $3.400 (0.80%) from the previous close of $425.10.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $386.80, making this a +10.78% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $428.50 per troy ounce on 29 October 2004. That is $3.40 higher than the previous close of $425.10, a move of 0.80%.
The gold price rose on 29 October 2004, gaining $3.40 (0.80%) against the previous session's close of $425.10.
At $428.50 per troy ounce, one gram of pure gold was worth about $13.78 on 29 October 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 29 October 2004 18k gold was worth about $10.33 per gram and 14k about $8.04 per gram, against $13.78 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 58.8 on 29 October 2004, meaning one ounce of gold was worth roughly 58.8 ounces of silver.
It closed 0.12% below the highest close on record up to that date, which was set on 2004-10-25.