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 5 May 2004, not the current price.See today's gold price (11 September 2026)
Gold closed at $393.40 per troy ounce on 5 May 2004, up $2.000 (0.51%) from the previous close of $391.40.
No earlier session that month closed above this level.
This close sat 7.93% 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 $342.30, making this a +14.93% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $393.40 per troy ounce on 5 May 2004. That is $2.00 higher than the previous close of $391.40, a move of 0.51%.
The gold price rose on 5 May 2004, gaining $2.00 (0.51%) against the previous session's close of $391.40.
At $393.40 per troy ounce, one gram of pure gold was worth about $12.65 on 5 May 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 5 May 2004 18k gold was worth about $9.49 per gram and 14k about $7.38 per gram, against $12.65 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 64.4 on 5 May 2004, meaning one ounce of gold was worth roughly 64.4 ounces of silver.
A week before 5 May 2004, gold was around $385.40 per troy ounce, so the close of $393.40 is a gain of 2.1% over the week.
A month before 5 May 2004, gold was around $415.40 per troy ounce, so the close of $393.40 is a loss of 5.3% over the month.
A year before 5 May 2004, gold was around $342.30 per troy ounce. The close of $393.40 therefore represents a rise of 14.9% over twelve months.
It closed 7.93% below the highest close on record up to that date, which was set on 2004-03-31.