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 October 2004, not the current price.See today's gold price (11 September 2026)
Gold closed at $423.10 per troy ounce on 8 October 2004, up $5.100 (1.22%) from the previous close of $418.00.
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 1.26% 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 $375.40, making this a +12.71% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $423.10 per troy ounce on 8 October 2004. That is $5.10 higher than the previous close of $418.00, a move of 1.22%.
The gold price rose on 8 October 2004, gaining $5.10 (1.22%) against the previous session's close of $418.00.
At $423.10 per troy ounce, one gram of pure gold was worth about $13.60 on 8 October 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 October 2004 18k gold was worth about $10.20 per gram and 14k about $7.94 per gram, against $13.60 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 58.2 on 8 October 2004, meaning one ounce of gold was worth roughly 58.2 ounces of silver.
A month before 8 October 2004, gold was around $399.40 per troy ounce, so the close of $423.10 is a gain of 5.9% over the month.
A year before 8 October 2004, gold was around $375.40 per troy ounce. The close of $423.10 therefore represents a rise of 12.7% over twelve months.
It closed 1.26% below the highest close on record up to that date, which was set on 2004-10-01.