Highest so far that week
This was the strongest close of the week up to that point.
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This page is a historical record of the gold price in 5 October 2004, not the current price.See today's gold price (11 September 2026)
Gold closed at $418.20 per troy ounce on 5 October 2004, up $4.200 (1.01%) from the previous close of $414.00.
Gold moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
This was the strongest close of the week up to that point.
This close sat 2.40% below the highest gold close recorded up to that date, set on 2004-10-01.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $369.40, making this a +13.21% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $418.20 per troy ounce on 5 October 2004. That is $4.20 higher than the previous close of $414.00, a move of 1.01%.
The gold price rose on 5 October 2004, gaining $4.20 (1.01%) against the previous session's close of $414.00.
At $418.20 per troy ounce, one gram of pure gold was worth about $13.45 on 5 October 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 5 October 2004 18k gold was worth about $10.08 per gram and 14k about $7.84 per gram, against $13.45 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 59.1 on 5 October 2004, meaning one ounce of gold was worth roughly 59.1 ounces of silver.
A year before 5 October 2004, gold was around $369.40 per troy ounce. The close of $418.20 therefore represents a rise of 13.2% over twelve months.
It closed 2.40% below the highest close on record up to that date, which was set on 2004-10-01.