Distance from the record
This close sat 9.20% 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 6 May 2004, not the current price.See today's gold price (11 September 2026)
Gold closed at $388.00 per troy ounce on 6 May 2004, down $5.400 (1.37%) from the previous close of $393.40.
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 close sat 9.20% 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 $342.50, making this a +13.28% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $388.00 per troy ounce on 6 May 2004. That is $5.40 lower than the previous close of $393.40, a move of -1.37%.
The gold price fell on 6 May 2004, losing $5.40 (1.37%) against the previous session's close of $393.40.
At $388.00 per troy ounce, one gram of pure gold was worth about $12.47 on 6 May 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 6 May 2004 18k gold was worth about $9.36 per gram and 14k about $7.28 per gram, against $12.47 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 66.7 on 6 May 2004, meaning one ounce of gold was worth roughly 66.7 ounces of silver.
A month before 6 May 2004, gold was around $418.90 per troy ounce, so the close of $388.00 is a loss of 7.4% over the month.
A year before 6 May 2004, gold was around $342.50 per troy ounce. The close of $388.00 therefore represents a rise of 13.3% over twelve months.
It closed 9.20% below the highest close on record up to that date, which was set on 2004-03-31.