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 8 July 2004, not the current price.See today's gold price (11 September 2026)
Highest closing price since 12 April 2004
Gold closed at $407.80 per troy ounce on 8 July 2004, up $5.500 (1.37%) from the previous close of $402.30.
No earlier session that month closed above this level.
This close sat 4.56% 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 $344.10, making this a +18.51% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $407.80 per troy ounce on 8 July 2004. That is $5.50 higher than the previous close of $402.30, a move of 1.37%.
The gold price rose on 8 July 2004, gaining $5.50 (1.37%) against the previous session's close of $402.30.
At $407.80 per troy ounce, one gram of pure gold was worth about $13.11 on 8 July 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 July 2004 18k gold was worth about $9.83 per gram and 14k about $7.65 per gram, against $13.11 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 63.5 on 8 July 2004, meaning one ounce of gold was worth roughly 63.5 ounces of silver.
A week before 8 July 2004, gold was around $391.00 per troy ounce, so the close of $407.80 is a gain of 4.3% over the week.
A year before 8 July 2004, gold was around $344.10 per troy ounce. The close of $407.80 therefore represents a rise of 18.5% over twelve months.
It closed 4.56% below the highest close on record up to that date, which was set on 2004-03-31.
The most recent higher close was about 3 months earlier — 60 trading sessions before this one.