Gold Price in April 2004
In April 2004, gold fell 9.4%, from $427.30 at the end of March to $387.00 per troy ounce on April 30, 2004. The highest close was $427.80 on April 1, 2004, the lowest $385.40 on April 28, 2004, and the average over 21 trading days was $403.96. Today's price is 901.7% higher than the April 2004 close.
Gold ended April lower. What usually happens in May after a lower April →
- Gold fell 9.4% in US dollars in April 2004, leaving it down 6.9% for the year to date.
- Measured in other currencies, the change ranged from −9.4% in CNY to +0.1% in ZAR, because exchange rates moved too.
- It did better than silver (−23.4%), and worse than US stocks (−1.6%).
- It closed higher on 11 trading days and lower on 10, with an average daily move of 0.95%.
- At the end of the month it was 9.5% below its highest close since 2000.
- Gold/silver ratio: 53.8 → 63.7.
Gold price chart, April 2004
US dollars per troy ounce · daily closeGold in other currencies, April 2004
| Currency | Change in the month |
|---|---|
| ZAR | +0.1% |
| JPY | −3.6% |
| CAD | −5.0% |
| GBP | −5.5% |
| EUR | −6.5% |
| CHF | −7.2% |
| INR | −7.5% |
| PKR | −8.9% |
| EGP | −9.0% |
| CNY | −9.4% |
Price in each currency at each day's exchange rate, previous month-end to this month-end. A weaker currency makes gold rise more in local terms.
Gold vs other assets, April 2004
| Asset | Change (USD) |
|---|---|
| Gold | −9.4% |
| Silver | −23.4% |
| S&P 500 (with dividends) | −1.6% |
| US inflation (CPI, month) | +0.32% |
| Gold, year to date (end of April) | −6.9% |
| Gold/silver ratio | 53.8 → 63.7 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, April 2004
Closing price for every trading day, with the same price in INR and AED at that day's exchange rate.
| Date | Close (USD per oz) | Change | USD per gram | 24K India, ₹ per 10 g | 24K UAE, AED per gram |
|---|---|---|---|---|---|
| Apr 1Thu | $427.80 | +0.12% | $13.75 | ₹6,011 | AED 50.50 |
| Apr 2Fri | $421.60 | −1.45% | $13.55 | ₹5,923 | AED 49.77 |
| Apr 5Mon | $415.40 | −1.47% | $13.36 | ₹5,827 | AED 49.03 |
| Apr 6Tue | $418.90 | +0.84% | $13.47 | ₹5,843 | AED 49.45 |
| Apr 7Wed | $422.80 | +0.93% | $13.59 | ₹5,916 | AED 49.91 |
| Apr 8Thu | $419.90 | −0.69% | $13.50 | ₹5,876 | AED 49.57 |
| Apr 12Mon | $420.10 | +0.05% | $13.51 | ₹5,894 | AED 49.59 |
| Apr 13Tue | $407.00 | −3.12% | $13.09 | ₹5,714 | AED 48.04 |
| Apr 14Wed | $399.80 | −1.77% | $12.85 | ₹5,631 | AED 47.19 |
| Apr 15Thu | $397.70 | −0.53% | $12.79 | ₹5,591 | AED 46.95 |
| Apr 16Fri | $401.00 | +0.83% | $12.89 | ₹5,638 | AED 47.33 |
| Apr 19Mon | $400.60 | −0.10% | $12.88 | ₹5,650 | AED 47.29 |
| Apr 20Tue | $397.70 | −0.72% | $12.79 | ₹5,624 | AED 46.95 |
| Apr 21Wed | $390.80 | −1.73% | $12.56 | ₹5,521 | AED 46.14 |
| Apr 22Thu | $393.30 | +0.64% | $12.64 | ₹5,578 | AED 46.43 |
| Apr 23Fri | $395.10 | +0.46% | $12.70 | ₹5,603 | AED 46.64 |
| Apr 26Mon | $396.00 | +0.23% | $12.73 | ₹5,611 | AED 46.74 |
| Apr 27Tue | $398.60 | +0.66% | $12.82 | ₹5,652 | AED 47.05 |
| Apr 28Wed | $385.40 | −3.31% | $12.39 | ₹5,492 | AED 45.49 |
| Apr 29Thu | $386.60 | +0.31% | $12.43 | ₹5,504 | AED 45.64 |
| Apr 30Fri | $387.00 | +0.10% | $12.44 | ₹5,510 | AED 45.68 |
How April usually goes for gold
In the 20 years from 2006 to 2025, gold rose in April 12 times out of 20, with an average move of +1.8% and a median of +1.5%. Every April since 1971 →
Gold in April 2004: FAQ
What was the price of gold in April 2004?
Gold traded between $385.40 and $427.80 per troy ounce (daily closes) in April 2004, averaging $403.96. It closed the month at $387.00.
How much did gold go down in April 2004?
Gold fell 9.4%, from $427.30 to $387.00. The biggest daily rise was +0.9% on April 7, 2004 and the biggest fall −3.3% on April 28, 2004.
What was the gold price on April 1, 2004?
Gold closed at $427.80 per troy ounce on April 1, 2004, the first trading day of the month. 24K India, ₹ per 10 g: ₹6,011.
Is April usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in April 12 times out of 20, with an average move of +1.8% and a median of +1.5%. Past seasonal patterns are not a reliable guide to any single year.
How much did gold change in rupees in April 2004?
Gold fell 7.5% in Indian rupee terms in April 2004, compared with −9.4% in US dollars.
Did gold beat stocks in April 2004?
No. Gold was −9.4% for the month, against −1.6% for the S&P 500 with dividends.
Did gold keep up with inflation in April 2004?
US consumer prices (CPI) changed +0.32% in April, so gold's real (inflation-adjusted) change was about −9.7%.
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{corgano2026goldpriceinapril, author = {{Corgano}}, title = {Gold Price in April 2004}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2004/april}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}