Distance from the record
This close sat 9.17% 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 3 June 2004, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 24 May 2004
Gold closed at $388.10 per troy ounce on 3 June 2004, down $2.600 (0.67%) from the previous close of $390.70.
This close extended a run of 4 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 9.17% 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 $365.20, making this a +6.27% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $388.10 per troy ounce on 3 June 2004. That is $2.60 lower than the previous close of $390.70, a move of -0.67%.
The gold price fell on 3 June 2004, losing $2.60 (0.67%) against the previous session's close of $390.70.
At $388.10 per troy ounce, one gram of pure gold was worth about $12.48 on 3 June 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 3 June 2004 18k gold was worth about $9.36 per gram and 14k about $7.28 per gram, against $12.48 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 67.8 on 3 June 2004, meaning one ounce of gold was worth roughly 67.8 ounces of silver.
This close was session 4 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 9.17% below the highest close on record up to that date, which was set on 2004-03-31.