Distance from the record
This close sat 7.97% below the highest gold close recorded up to that date, set on 2004-01-09.
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This page is a historical record of the gold price in 3 March 2004, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 25 November 2003
Gold closed at $392.40 per troy ounce on 3 March 2004, down $1.100 (0.28%) from the previous close of $393.50.
Notable session: lowest close of the month.
This close sat 7.97% 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 $349.20, making this a +12.37% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $392.40 per troy ounce on 3 March 2004. That is $1.10 lower than the previous close of $393.50, a move of -0.28%.
The gold price fell on 3 March 2004, losing $1.10 (0.28%) against the previous session's close of $393.50.
At $392.40 per troy ounce, one gram of pure gold was worth about $12.62 on 3 March 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 3 March 2004 18k gold was worth about $9.46 per gram and 14k about $7.36 per gram, against $12.62 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 58.2 on 3 March 2004, meaning one ounce of gold was worth roughly 58.2 ounces of silver.
A year before 3 March 2004, gold was around $349.20 per troy ounce. The close of $392.40 therefore represents a rise of 12.4% over twelve months.
It closed 7.97% below the highest close on record up to that date, which was set on 2004-01-09.