Gold price in July 2004: daily prices, high, low and change
Gold closed July 2004 at $391.00 an ounce, down 0.41% on the month. The highest close was $408.10 on 12 Jul and the lowest $387.00 on 27 Jul. Every trading day below, with ranks and context computed from COMEX data.
Gold price chart, July 2004 (daily close and high-low range, US$ per ounce)
Gold line = daily settlement; bars = intraday high to low where available; dashed line = June 2004 close ($392.60).
Daily gold prices in July 2004 (21 trading days)
| Date | Open | High | Low | Close | Change | % change |
|---|---|---|---|---|---|---|
| Thu 1 Jul | — | — | — | $396.00 | +$3.40 | +0.87% |
| Fri 2 Jul | — | — | — | $398.30 | +$2.30 | +0.58% |
| Tue 6 Jul | — | — | — | $392.60 | −$5.70 | −1.43% |
| Wed 7 Jul best day | — | — | — | $402.30 | +$9.70 | +2.47% |
| Thu 8 Jul | — | — | — | $407.80 | +$5.50 | +1.37% |
| Fri 9 Jul | — | — | — | $407.50 | −$0.30 | −0.07% |
| Mon 12 Jul | — | — | — | $408.10 | +$0.60 | +0.15% |
| Tue 13 Jul worst day | — | — | — | $402.00 | −$6.10 | −1.49% |
| Wed 14 Jul | — | — | — | $405.40 | +$3.40 | +0.85% |
| Thu 15 Jul | — | — | — | $404.20 | −$1.20 | −0.30% |
| Fri 16 Jul | — | — | — | $406.60 | +$2.40 | +0.59% |
| Mon 19 Jul | — | — | — | $405.60 | −$1.00 | −0.25% |
| Tue 20 Jul | — | — | — | $401.90 | −$3.70 | −0.91% |
| Wed 21 Jul | — | — | — | $397.10 | −$4.80 | −1.19% |
| Thu 22 Jul | — | — | — | $395.20 | −$1.90 | −0.48% |
| Fri 23 Jul | — | — | — | $390.50 | −$4.70 | −1.19% |
| Mon 26 Jul | — | — | — | $390.30 | −$0.20 | −0.05% |
| Tue 27 Jul | — | — | — | $387.00 | −$3.30 | −0.85% |
| Wed 28 Jul | — | — | — | $389.00 | +$2.00 | +0.52% |
| Thu 29 Jul | $389.00 | $391.00 | $385.00 | $387.00 | −$2.00 | −0.51% |
| Fri 30 Jul | $388.20 | $392.00 | $387.00 | $391.00 | +$4.00 | +1.03% |
Close = COMEX gold futures settlement in US dollars per troy ounce; change is against the previous trading day's close. Open, high and low are shown as — on 19 days where the source has no usable intraday data (common before 2012, when the front-month contract traded thinly in the data feed).
Monthly open, high, low and close
| July 2004 | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| Settlements | $396.00 | $408.10 | $387.00 | $391.00 | −0.41% |
Settlements: first, highest, lowest and last daily close of the month (the basis used on the 2004 page and the monthly returns heatmap). Intraday highs and lows are not shown because the source lacks usable intraday data for part of this month.
Source: COMEX gold futures (GC=F) daily settlements and intraday bars via Yahoo Finance; US CPI (FRED CPIAUCSL) for the inflation adjustment; World Bank Pink Sheet for the monthly London average. Figures are final settlements; sources may occasionally revise historical data.
Gold in July 2004: summary
Gold eased 0.41% in July 2004, from $392.60 at the end of June 2004 to $391.00 an ounce. Gold closed higher on 9 of 21 trading days and lower on 12; the strongest session was 7 July 2004 (+2.47%) and the weakest 13 July 2004 (−1.49%). Settlement prices ranged from $387.00 on 27 July 2004 to $408.10 on 12 July 2004, a spread of $21.10 (5.4%), narrower than the 6.1% average of the previous 12 months.
The +2.47% move on 7 July 2004 was the largest one-day gain of 2004.
How July 2004 compares
- Against other Julys: at −0.41%, July 2004 ranks 16th of 26 Julys since 2001 (best first).
- Against every month: it ranks 187th of 313 months since September 2000, better than 40% of them.
- Range: the gap between the highest and lowest close was $21.10, or 5.4% of the opening level, 0.9× the 6.1% average of the previous 12 months.
- Daily moves: the average day moved 0.82% (up or down), against 0.83% over the previous 12 months, so July 2004 was about as volatile as usual.
- Streaks: the longest run of higher closes was 2 days and the longest run of lower closes 7 days.
- Bigger picture: at the month-end close gold was −5.94% for 2004 to the end of July and +10.45% over 12 months (against the July 2003 close of $354.00).
- Average price: the mean of the 21 daily closes was $398.35; the World Bank's monthly average of the London (LBMA) price was $398.00.
Across the other 25 completed Julys since 2001, gold averaged +0.98% and rose in 15 of them (60%). July 2004 lagged that average by 1.4 percentage points. The gold seasonality tool shows the same statistics for every calendar month, and the monthly returns heatmap lays out all Julys side by side.
July 2004 in today's dollars
Adjusted for US consumer-price inflation, the $391.00 closing price equals about $695 in September 2026 dollars (CPI 189.1 in July 2004 against 336.3 in September 2026, FRED series CPIAUCSL), 78% more than the nominal figure. The gold price history hub restates every year's close on the same basis, and the all-time-high tracker lists every record close in nominal dollars.
Gold price by month in 2004
The gold price in 2004 page has the year's open, high, low and close, and the monthly archive on the gold price history hub explains how these month pages are built.
Frequently asked questions
What was the gold price in July 2004?
Gold closed July 2004 at $391.00 an ounce (COMEX settlement). It opened the month at $396.00 and averaged $398.35 across 21 trading days; the World Bank’s London average for the month was $398.00.
Did gold go up in July 2004?
No. Gold was down 0.41% in July 2004, from $392.60 at the end of June 2004 to $391.00. It closed higher on 9 of 21 days. Among Julys since 2001 it ranks 16th of 26 (best first).
What was the highest gold price in July 2004?
The highest close was $408.10 on 12 July 2004.
What was the lowest gold price in July 2004?
The lowest close was $387.00 on 27 July 2004, $21.10 (5.4%) below the month’s highest close.
Educational information only, not financial advice and not a forecast. Past prices do not predict future prices. See our risk disclaimer and editorial policy.