Gold Price in 2004
Gold averaged $409.52 an ounce in 2004, ranging from $374.80 to $456.00, and ended the year up 5.2% at $437.50. The highest close was $456.00 on December 3, 2004 and the lowest $374.80 on May 13, 2004; the year started from $415.70, the close at the end of 2003. Today's price is 786.1% above the 2004 close.
Gold price chart, 2004
USD per troy ounce · daily closeMonthly Gold Prices in 2004
Month-end close and range, US dollars per troy ounce. Choose a month for every day's price.
| Month | Close | High | Low | Change |
|---|---|---|---|---|
| January | $402.20 | $426.40 | $398.50 | −3.2% |
| February | $396.40 | $416.00 | $395.80 | −1.4% |
| March | $427.30 | $427.30 | $392.40 | +7.8% |
| April | $387.00 | $427.80 | $385.40 | −9.4% |
| May | $394.00 | $394.90 | $374.80 | +1.8% |
| June | $392.60 | $403.10 | $383.60 | −0.4% |
| July | $391.00 | $408.10 | $387.00 | −0.4% |
| August | $410.40 | $413.20 | $391.70 | +5.0% |
| September | $418.70 | $418.70 | $397.40 | +2.0% |
| October | $428.50 | $429.00 | $413.20 | +2.3% |
| November | $451.30 | $453.70 | $420.00 | +5.3% |
| December | $437.50 | $456.00 | $433.90 | −3.1% |
Gold in 2004 at a Glance
- Gold rose 5.2% in US dollars. In PKR terms it rose 8.4%, and in ZAR terms it fell 11.0% — the difference comes from currency moves.
- It did worse than Silver (+14.3%) and S&P 500 (with dividends) (+10.9%).
- After US inflation of 3.3%, the real change was +1.9%.
Key Events in 2004
What happened, and how gold moved that day (or the next trading day) and about a month later.
- Monday, March 8European central banks sign a second Central Bank Gold Agreement. SourceGold: −0.2% that day · +3.5% a month later
- Thursday, November 18streetTRACKS Gold Shares (GLD), a gold-backed ETF, begins trading on the NYSE. SourceGold: −0.5% that day · −0.5% a month later
Gold in 2004: records, milestones and the London price chart →
Gold in other currencies, 2004
| Currency | Change |
|---|---|
| PKR | +8.4% |
| EGP | +7.1% |
| CNY | +5.2% |
| INR | +0.9% |
| JPY | +0.8% |
| GBP | −2.1% |
| CAD | −2.3% |
| EUR | −2.8% |
| CHF | −3.5% |
| ZAR | −11.0% |
Price in each currency at the year-end exchange rate, year-end to year-end. A falling currency makes gold rise more in local terms.
Gold vs other assets, 2004
| Asset | Change (USD) |
|---|---|
| Silver | +14.3% |
| S&P 500 (with dividends) | +10.9% |
| US inflation (CPI) | +3.3% |
Gold Price on Festivals in 2004
| Festival | Date | Price |
|---|---|---|
| Chinese New Year | Thu 22 Jan | ¥108.98 24K ¥/g |
| Eid al-Adha | Sun 1 Feb | AED 47.48 24K AED/g |
| Gudi Padwa | Sun 21 Mar | ₹5,980 24K ₹/10 g |
| Akshaya Tritiya | Thu 22 Apr | ₹5,578 24K ₹/10 g |
| Navratri | Fri 15 Oct | ₹6,159 24K ₹/10 g |
| Dussehra | Fri 22 Oct | ₹6,226 24K ₹/10 g |
| Dhanteras | Wed 10 Nov | ₹6,287 24K ₹/10 g |
| Diwali | Fri 12 Nov | ₹6,340 24K ₹/10 g |
| Eid al-Fitr | Sat 13 Nov | AED 51.69 24K AED/g |
International price converted at that day's rate, before local taxes and making charges.
Gold in 2004: FAQ
What was the price of gold in 2004?
Gold traded between $374.80 and $456.00 per troy ounce in 2004 (daily closes), averaging $409.52. It closed the year at $437.50.
How much did gold go up in 2004?
Gold rose 5.2% in 2004, from $415.70 to $437.50 per ounce.
What was the highest gold price in 2004?
The highest daily close in 2004 was $456.00 per troy ounce on December 3, 2004.
What was the best month for gold in 2004?
March (+7.8%). The weakest was April (−9.4%).
How much did gold rise in rupees in 2004?
Gold rose 0.9% in Indian rupee terms in 2004, compared with +5.2% in US dollars.
Did gold beat the stock market in 2004?
No. Gold was +5.2% for the year, against +10.9% for the S&P 500 with dividends reinvested.
What was the biggest event for gold in 2004?
Of the key events listed on this page, the biggest one-day reaction was on 18 November: streetTRACKS Gold Shares (GLD), a gold-backed ETF, begins trading on the NYSE. Gold moved −0.5% that day.
Daily closing prices of COMEX front-month gold futures (US dollars per troy ounce), which track the spot price closely. Download the full daily series as CSV or get any year from the free gold price API (free to use with a link to this site).
Cite this page
For essays, articles and research. Prices on this page update daily, so the citations include today's date as the date you accessed it.
@misc{corgano2026goldpricein2004, author = {{Corgano}}, title = {Gold Price in 2004}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2004}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}