Distance from the record
This close sat 4.63% 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 9 July 2004, not the current price.See today's gold price (11 September 2026)
Gold closed at $407.50 per troy ounce on 9 July 2004, down $0.300 (0.07%) from the previous close of $407.80.
Gold barely moved, closing within 0.07% of the previous session. Flat days are the majority of any price series and are most useful as the baseline the notable days are measured against.
This close sat 4.63% 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 $343.60, making this a +18.60% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $407.50 per troy ounce on 9 July 2004. That is $0.30 lower than the previous close of $407.80, a move of -0.07%.
The gold price fell on 9 July 2004, losing $0.30 (0.07%) against the previous session's close of $407.80.
At $407.50 per troy ounce, one gram of pure gold was worth about $13.10 on 9 July 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 9 July 2004 18k gold was worth about $9.83 per gram and 14k about $7.64 per gram, against $13.10 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 63.1 on 9 July 2004, meaning one ounce of gold was worth roughly 63.1 ounces of silver.
A week before 9 July 2004, gold was around $398.30 per troy ounce, so the close of $407.50 is a gain of 2.3% over the week.
A month before 9 July 2004, gold was around $384.50 per troy ounce, so the close of $407.50 is a gain of 6.0% over the month.
A year before 9 July 2004, gold was around $343.60 per troy ounce. The close of $407.50 therefore represents a rise of 18.6% over twelve months.
It closed 4.63% below the highest close on record up to that date, which was set on 2004-03-31.