Gold price archive · USD per troy ounce
Gold Price 2004
In 2004, gold closed between $374.80 and $456.00 per ounce, a change of +5.24% for the year.
- Open
- $424.40
- High close
- $456.00
- Low close
- $374.80
- Close
- $437.50
- Average
- $409.52
- Vs. 2003
- +5.24%
Gold prices by month, 2004
| Month | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| January | $424.40 | $426.40 | $398.50 | $402.20 | −3.25% |
| February | $398.70 | $416.00 | $395.80 | $396.40 | −1.44% |
| March | $399.30 | $427.30 | $392.40 | $427.30 | +7.80% |
| April | $427.80 | $427.80 | $385.40 | $387.00 | −9.43% |
| May | $387.00 | $394.90 | $374.80 | $394.00 | +1.81% |
| June | $394.60 | $403.10 | $383.60 | $392.60 | −0.36% |
| July | $396.00 | $408.10 | $387.00 | $391.00 | −0.41% |
| August | $391.70 | $413.20 | $391.70 | $410.40 | +4.96% |
| September | $408.80 | $418.70 | $397.40 | $418.70 | +2.02% |
| October | $419.50 | $429.00 | $413.20 | $428.50 | +2.34% |
| November | $427.30 | $453.70 | $420.00 | $451.30 | +5.32% |
| December | $454.00 | $456.00 | $433.90 | $437.50 | −3.06% |
Closing prices of the front-month COMEX gold futures contract. Intraday highs and lows are not included.
Gold in 2004: the year in review
The first large U.S.-listed gold exchange-traded fund, SPDR Gold Shares (GLD), began trading in November 2004. For the first time, ordinary brokerage accounts could hold gold backed by metal in a vault, a change that reshaped investment demand in the years that followed.
In 2004, gold rose 5.2%, the 3rd best result of the 4 calendar years since 2001. Its highest close, $456.00, came on December 3, and its lowest, $374.80, on May 13.
Gold finished higher in 6 of 12 months. The strongest month was March (+7.80%) and the weakest was April (−9.43%). The largest single-day gain of the year was 2.5% on July 7, and the largest drop was 3.9% on January 29.
Gold closed at a new all-time high on 17 trading days in 2004. Every record-setting year since 2000 is listed on the gold all-time high page.
Figures use daily closing prices of the front-month COMEX gold futures contract, U.S. Eastern Time. See how we calculate prices.
Gold price 2004 questions
What was the price of gold in 2004?
Gold traded between $374.80 and $456.00 per troy ounce in 2004, based on daily closing prices. It closed the period at $437.50, and the average close was $409.52.
Did gold go up or down in 2004?
Gold rose 5.24% from the previous year-end close.
How does 2004 compare with a year earlier?
The year-end close of $437.50 is 5.2% higher than 2003.