Gold Price in December 2004
In December 2004, gold fell 3.1%, from $451.30 at the end of November to $437.50 per troy ounce on December 30, 2004. The highest close was $456.00 on December 3, 2004, the lowest $433.90 on December 10, 2004, and the average over 21 trading days was $442.71. Today's price is 786.1% higher than the December 2004 close.
Gold ended December lower. What usually happens in January after a lower December →
- Gold fell 3.1% in US dollars in December 2004, leaving it up 5.2% for the year to date.
- Measured in other currencies, the change ranged from −5.6% in ZAR to −1.7% in CAD, because exchange rates moved too.
- It did better than silver (−11.9%), and worse than US stocks (+3.4%).
- It closed higher on 9 trading days and lower on 12, with an average daily move of 0.79%.
- At the end of the month it was 4.1% below its highest close since 2000.
- Gold/silver ratio: 58.4 → 64.3.
Gold price chart, December 2004
US dollars per troy ounce · daily closeGold in other currencies, December 2004
| Currency | Change in the month |
|---|---|
| CAD | −1.7% |
| JPY | −3.0% |
| CNY | −3.1% |
| CHF | −3.6% |
| GBP | −3.8% |
| PKR | −4.1% |
| EGP | −4.7% |
| INR | −4.8% |
| EUR | −5.4% |
| ZAR | −5.6% |
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, December 2004
| Asset | Change (USD) |
|---|---|
| Gold | −3.1% |
| Silver | −11.9% |
| S&P 500 (with dividends) | +3.4% |
| US inflation (CPI, month) | −0.37% |
| Gold, year to date (end of December) | +5.2% |
| Gold/silver ratio | 58.4 → 64.3 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, December 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 |
|---|---|---|---|---|---|
| Dec 1Wed | $454.00 | +0.60% | $14.60 | ₹6,456 | AED 53.59 |
| Dec 2Thu | $450.40 | −0.79% | $14.48 | ₹6,364 | AED 53.17 |
| Dec 3Fri | $456.00 | +1.24% | $14.66 | ₹6,449 | AED 53.83 |
| Dec 6Mon | $454.20 | −0.39% | $14.60 | ₹6,368 | AED 53.61 |
| Dec 7Tue | $452.00 | −0.48% | $14.53 | ₹6,335 | AED 53.35 |
| Dec 8Wed | $437.20 | −3.27% | $14.06 | ₹6,152 | AED 51.61 |
| Dec 9Thu | $435.80 | −0.32% | $14.01 | ₹6,172 | AED 51.44 |
| Dec 10Fri | $433.90 | −0.44% | $13.95 | ₹6,217 | AED 51.22 |
| Dec 13Mon | $438.90 | +1.15% | $14.11 | ₹6,213 | AED 51.81 |
| Dec 14Tue | $435.90 | −0.68% | $14.01 | ₹6,165 | AED 51.45 |
| Dec 15Wed | $440.80 | +1.12% | $14.17 | ₹6,226 | AED 52.03 |
| Dec 16Thu | $436.90 | −0.88% | $14.05 | ₹6,137 | AED 51.57 |
| Dec 17Fri | $441.60 | +1.08% | $14.20 | ₹6,233 | AED 52.13 |
| Dec 20Mon | $442.40 | +0.18% | $14.22 | ₹6,226 | AED 52.22 |
| Dec 21Tue | $441.80 | −0.14% | $14.20 | ₹6,200 | AED 52.15 |
| Dec 22Wed | $440.30 | −0.34% | $14.16 | ₹6,196 | AED 51.99 |
| Dec 23Thu | $441.90 | +0.36% | $14.21 | ₹6,193 | AED 52.16 |
| Dec 27Mon | $445.20 | +0.75% | $14.31 | ₹6,243 | AED 52.55 |
| Dec 28Tue | $444.30 | −0.20% | $14.28 | ₹6,232 | AED 52.45 |
| Dec 29Wed | $436.00 | −1.87% | $14.02 | ₹6,102 | AED 51.47 |
| Dec 30Thu | $437.50 | +0.34% | $14.07 | ₹6,141 | AED 51.64 |
How December usually goes for gold
In the 20 years from 2006 to 2025, gold rose in December 12 times out of 20, with an average move of +1.0% and a median of +1.8%. Every December since 1971 →
Gold in December 2004: FAQ
What was the price of gold in December 2004?
Gold traded between $433.90 and $456.00 per troy ounce (daily closes) in December 2004, averaging $442.71. It closed the month at $437.50.
How much did gold go down in December 2004?
Gold fell 3.1%, from $451.30 to $437.50. The biggest daily rise was +1.2% on December 3, 2004 and the biggest fall −3.3% on December 8, 2004.
What was the gold price on December 1, 2004?
Gold closed at $454.00 per troy ounce on December 1, 2004, the first trading day of the month. 24K India, ₹ per 10 g: ₹6,456.
Is December usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in December 12 times out of 20, with an average move of +1.0% and a median of +1.8%. Past seasonal patterns are not a reliable guide to any single year.
How much did gold change in rupees in December 2004?
Gold fell 4.8% in Indian rupee terms in December 2004, compared with −3.1% in US dollars.
Did gold beat stocks in December 2004?
No. Gold was −3.1% for the month, against +3.4% for the S&P 500 with dividends.
Did gold keep up with inflation in December 2004?
US consumer prices (CPI) changed −0.37% in December, so gold's real (inflation-adjusted) change was about −2.7%.
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{corgano2026goldpriceindecember, author = {{Corgano}}, title = {Gold Price in December 2004}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2004/december}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}