Distance from the record
This close sat 4.12% below the highest gold close recorded up to that date, set on 2004-12-03.
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This page is a historical record of the gold price in 8 December 2004, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 15 November 2004
Gold closed at $437.20 per troy ounce on 8 December 2004, down $14.80 (3.27%) from the previous close of $452.00.
Notable session: moved more than 3% in a session.
Gold lost 3.27% in one session, far more than a normal day's range. Falls this size rarely happen in isolation — the days on either side give the move its context.
This close sat 4.12% below the highest gold close recorded up to that date, set on 2004-12-03.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $406.60, making this a +7.53% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $437.20 per troy ounce on 8 December 2004. That is $14.80 lower than the previous close of $452.00, a move of -3.27%.
The gold price fell on 8 December 2004, losing $14.80 (3.27%) against the previous session's close of $452.00.
At $437.20 per troy ounce, one gram of pure gold was worth about $14.06 on 8 December 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 December 2004 18k gold was worth about $10.54 per gram and 14k about $8.20 per gram, against $14.06 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 61.6 on 8 December 2004, meaning one ounce of gold was worth roughly 61.6 ounces of silver.
This close was session 3 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 4.12% below the highest close on record up to that date, which was set on 2004-12-03.