Distance from the record
This close sat 6.74% below the highest gold close recorded up to that date, set on 2004-03-31.
This page is a historical record of the gold price in 9 September 2004, not the current price.See today's gold price (11 September 2026)
Gold closed at $398.50 per troy ounce on 9 September 2004, down $0.900 (0.23%) from the previous close of $399.40.
This close sat 6.74% 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 $381.70, making this a +4.40% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $398.50 per troy ounce on 9 September 2004. That is $0.90 lower than the previous close of $399.40, a move of -0.23%.
The gold price fell on 9 September 2004, losing $0.90 (0.23%) against the previous session's close of $399.40.
At $398.50 per troy ounce, one gram of pure gold was worth about $12.81 on 9 September 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 9 September 2004 18k gold was worth about $9.61 per gram and 14k about $7.47 per gram, against $12.81 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 64.8 on 9 September 2004, meaning one ounce of gold was worth roughly 64.8 ounces of silver.
It closed 6.74% below the highest close on record up to that date, which was set on 2004-03-31.