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 4 May 2004, not the current price.See today's gold price (11 September 2026)
Gold closed at $391.40 per troy ounce on 4 May 2004, up $4.400 (1.14%) from the previous close of $387.00.
No earlier session that month closed above this level.
This close sat 8.40% 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 $341.00, making this a +14.78% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $391.40 per troy ounce on 4 May 2004. That is $4.40 higher than the previous close of $387.00, a move of 1.14%.
The gold price rose on 4 May 2004, gaining $4.40 (1.14%) against the previous session's close of $387.00.
At $391.40 per troy ounce, one gram of pure gold was worth about $12.58 on 4 May 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 4 May 2004 18k gold was worth about $9.44 per gram and 14k about $7.34 per gram, against $12.58 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 64.8 on 4 May 2004, meaning one ounce of gold was worth roughly 64.8 ounces of silver.
A month before 4 May 2004, gold was around $421.60 per troy ounce, so the close of $391.40 is a loss of 7.2% over the month.
A year before 4 May 2004, gold was around $341.00 per troy ounce. The close of $391.40 therefore represents a rise of 14.8% over twelve months.
It closed 8.40% below the highest close on record up to that date, which was set on 2004-03-31.