Gold price in 2004: open, high, low, close
Gold averaged $409.52 an ounce in 2004, moving between $374.80 and $456.00. Month-by-month figures, the year's change and the inflation-adjusted value, from public data.
Gold price in 2004, month by month (US dollars per troy ounce)
| Month | Open | High | Low | Close | London avg |
|---|---|---|---|---|---|
| January | $424.40 | $426.40 | $398.50 | $402.20 | $414.00 |
| February | $398.70 | $416.00 | $395.80 | $396.40 | $405.00 |
| March | $399.30 | $427.30 | $392.40 | $427.30 | $407.00 |
| April | $427.80 | $427.80 | $385.40 | $387.00 | $403.00 |
| May | $387.00 | $394.90 | $374.80 | $394.00 | $384.00 |
| June | $394.60 | $403.10 | $383.60 | $392.60 | $392.00 |
| July | $396.00 | $408.10 | $387.00 | $391.00 | $398.00 |
| August | $391.70 | $413.20 | $391.70 | $410.40 | $401.00 |
| September | $408.80 | $418.70 | $397.40 | $418.70 | $405.00 |
| October | $419.50 | $429.00 | $413.20 | $428.50 | $420.00 |
| November | $427.30 | $453.70 | $420.00 | $451.30 | $439.00 |
| December | $454.00 | $456.00 | $433.90 | $437.50 | $442.00 |
Open, high, low and close are daily COMEX futures settlements; the last column is the monthly average of the London (LBMA) price, which differs slightly from COMEX.
Source: World Bank Commodity Markets (Pink Sheet) monthly London gold prices; COMEX gold futures (GC=F) daily settlements; US CPI (FRED series CPIAUCSL). Data updated ; refreshed automatically about once a day. Figures are indicative and may be revised by the sources.
Gold in 2004: the numbers
In 2004, gold averaged $409.52 an ounce, measured by daily COMEX settlement prices. It opened the year at $424.40, reached a high of $456.00 in December 2004 and a low of $374.80 in May 2004, and closed at $437.50, a change of +5.2% from the end of 2003. 6 of the 11 month-to-month changes were higher. Adjusted for inflation, the closing price equals about $768 in September 2026 dollars.
For context, gold closed 2003 at $415.70 and 2005 at $517.10 (+18.2% in 2005).
How this compares with the whole record
The gold price history page charts every year since 1968 and lists the open, high, low and close of each, and the all-time-high tracker shows every record close. Figures for 2004 use daily COMEX settlement prices; the London price and COMEX futures differ slightly, usually by a few dollars.
Frequently asked questions
What was the gold price in 2004?
Gold averaged $409.52 per troy ounce in 2004, measured by daily COMEX settlement prices. It opened the year at $424.40 and closed at $437.50.
What was the highest gold price in 2004?
The highest daily settlement in 2004 was $456.00, in December 2004. Intraday highs were slightly higher.
What was the lowest gold price in 2004?
The lowest daily settlement in 2004 was $374.80, in May 2004.
Did gold go up or down in 2004?
Gold up +5.2% in 2004, from $415.70 at the end of 2003 to $437.50. Adjusted for inflation, that closing price is about $768 in September 2026 dollars.
Educational information only, not financial advice and not a forecast. Past prices do not predict future prices. See our risk disclaimer and editorial policy.