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 3 August 2004, not the current price.See today's gold price (11 September 2026)
Highest closing price since 22 July 2004
Gold closed at $394.00 per troy ounce on 3 August 2004, up $2.300 (0.59%) from the previous close of $391.70.
This close extended a run of 3 consecutive sessions of gains. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
No earlier session that month closed above this level.
This close sat 7.79% 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 $354.00, making this a +11.30% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $394.00 per troy ounce on 3 August 2004. That is $2.30 higher than the previous close of $391.70, a move of 0.59%.
The gold price rose on 3 August 2004, gaining $2.30 (0.59%) against the previous session's close of $391.70.
At $394.00 per troy ounce, one gram of pure gold was worth about $12.67 on 3 August 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 3 August 2004 18k gold was worth about $9.50 per gram and 14k about $7.39 per gram, against $12.67 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 59.0 on 3 August 2004, meaning one ounce of gold was worth roughly 59.0 ounces of silver.
This close was session 3 of a consecutive run of gains. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 7.79% below the highest close on record up to that date, which was set on 2004-03-31.