Gold Price in June 2004
In June 2004, gold fell 0.4%, from $394.00 at the end of May to $392.60 per troy ounce on June 30, 2004. The highest close was $403.10 on June 24, 2004, the lowest $383.60 on June 14, 2004, and the average over 21 trading days was $392.19. Today's price is 887.4% higher than the June 2004 close.
Gold ended June lower. What usually happens in July after a lower June →
- Gold fell 0.4% in US dollars in June 2004, leaving it down 5.6% for the year to date.
- Measured in other currencies, the change ranged from −5.3% in ZAR to +0.7% in INR, because exchange rates moved too.
- It did better than silver (−5.4%), and worse than US stocks (+1.9%).
- It closed higher on 10 trading days and lower on 10, with an average daily move of 0.79%.
- At the end of the month it was 8.2% below its highest close since 2000.
- Gold/silver ratio: 64.5 → 68.0.
Gold price chart, June 2004
US dollars per troy ounce · daily closeGold in other currencies, June 2004
| Currency | Change in the month |
|---|---|
| INR | +0.7% |
| GBP | +0.3% |
| PKR | +0.2% |
| EGP | +0.2% |
| EUR | +0.1% |
| CNY | −0.4% |
| CHF | −0.6% |
| JPY | −1.7% |
| CAD | −2.6% |
| ZAR | −5.3% |
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, June 2004
| Asset | Change (USD) |
|---|---|
| Gold | −0.4% |
| Silver | −5.4% |
| S&P 500 (with dividends) | +1.9% |
| US inflation (CPI, month) | +0.32% |
| Gold, year to date (end of June) | −5.6% |
| Gold/silver ratio | 64.5 → 68.0 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, June 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 |
|---|---|---|---|---|---|
| Jun 1Tue | $394.60 | +0.15% | $12.69 | ₹5,753 | AED 46.59 |
| Jun 2Wed | $390.70 | −0.99% | $12.56 | ₹5,666 | AED 46.13 |
| Jun 3Thu | $388.10 | −0.67% | $12.48 | ₹5,621 | AED 45.81 |
| Jun 4Fri | $390.90 | +0.72% | $12.57 | ₹5,662 | AED 46.14 |
| Jun 7Mon | $393.80 | +0.74% | $12.66 | ₹5,688 | AED 46.49 |
| Jun 8Tue | $391.00 | −0.71% | $12.57 | ₹5,635 | AED 46.16 |
| Jun 9Wed | $384.50 | −1.66% | $12.36 | ₹5,562 | AED 45.39 |
| Jun 10Thu | $385.90 | +0.36% | $12.41 | ₹5,591 | AED 45.56 |
| Jun 14Mon | $383.60 | −0.60% | $12.33 | ₹5,583 | AED 45.28 |
| Jun 15Tue | $388.10 | +1.17% | $12.48 | ₹5,656 | AED 45.82 |
| Jun 16Wed | $384.60 | −0.90% | $12.37 | ₹5,617 | AED 45.40 |
| Jun 17Thu | $388.90 | +1.12% | $12.50 | ₹5,690 | AED 45.91 |
| Jun 18Fri | $395.10 | +1.59% | $12.70 | ₹5,781 | AED 46.64 |
| Jun 21Mon | $394.00 | −0.28% | $12.67 | ₹5,835 | AED 46.51 |
| Jun 22Tue | $395.00 | +0.25% | $12.70 | ₹5,784 | AED 46.63 |
| Jun 23Wed | $395.00 | 0.00% | $12.70 | ₹5,810 | AED 46.63 |
| Jun 24Thu | $403.10 | +2.05% | $12.96 | ₹5,921 | AED 47.59 |
| Jun 25Fri | $402.90 | −0.05% | $12.95 | ₹5,918 | AED 47.57 |
| Jun 28Mon | $401.00 | −0.47% | $12.89 | ₹5,919 | AED 47.34 |
| Jun 29Tue | $392.50 | −2.12% | $12.62 | ₹5,791 | AED 46.34 |
| Jun 30Wed | $392.60 | +0.03% | $12.62 | ₹5,779 | AED 46.35 |
How June usually goes for gold
In the 20 years from 2006 to 2025, gold rose in June 9 times out of 20, with an average move of −0.4% and a median of −1.6%. Every June since 1971 →
Gold in June 2004: FAQ
What was the price of gold in June 2004?
Gold traded between $383.60 and $403.10 per troy ounce (daily closes) in June 2004, averaging $392.19. It closed the month at $392.60.
How much did gold go down in June 2004?
Gold fell 0.4%, from $394.00 to $392.60. The biggest daily rise was +2.1% on June 24, 2004 and the biggest fall −2.1% on June 29, 2004.
What was the gold price on June 1, 2004?
Gold closed at $394.60 per troy ounce on June 1, 2004, the first trading day of the month. 24K India, ₹ per 10 g: ₹5,753.
Is June usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in June 9 times out of 20, with an average move of −0.4% and a median of −1.6%. Past seasonal patterns are not a reliable guide to any single year.
How much did gold change in rupees in June 2004?
Gold rose 0.7% in Indian rupee terms in June 2004, compared with −0.4% in US dollars.
Did gold beat stocks in June 2004?
No. Gold was −0.4% for the month, against +1.9% for the S&P 500 with dividends.
Did gold keep up with inflation in June 2004?
US consumer prices (CPI) changed +0.32% in June, so gold's real (inflation-adjusted) change was about −0.7%.
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{corgano2026goldpriceinjune, author = {{Corgano}}, title = {Gold Price in June 2004}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2004/june}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}