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 8 March 2004, not the current price.See today's gold price (11 September 2026)
Gold closed at $400.60 per troy ounce on 8 March 2004, down $0.700 (0.17%) from the previous close of $401.30.
This was the strongest close of the week up to that point.
This close sat 6.05% below the highest gold close recorded up to that date, set on 2004-01-09.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $350.80, making this a +14.20% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $400.60 per troy ounce on 8 March 2004. That is $0.70 lower than the previous close of $401.30, a move of -0.17%.
The gold price fell on 8 March 2004, losing $0.70 (0.17%) against the previous session's close of $401.30.
At $400.60 per troy ounce, one gram of pure gold was worth about $12.88 on 8 March 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 March 2004 18k gold was worth about $9.66 per gram and 14k about $7.51 per gram, against $12.88 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 57.4 on 8 March 2004, meaning one ounce of gold was worth roughly 57.4 ounces of silver.
A year before 8 March 2004, gold was around $350.80 per troy ounce. The close of $400.60 therefore represents a rise of 14.2% over twelve months.
It closed 6.05% below the highest close on record up to that date, which was set on 2004-01-09.