Gold price in August 2004: daily prices, high, low and change
Gold closed August 2004 at $410.40 an ounce, up 4.96% on the month. The highest close was $413.20 on 20 Aug and the lowest $391.70 on 2 Aug. Every trading day below, with ranks and context computed from COMEX data.
Gold price chart, August 2004 (daily close and high-low range, US$ per ounce)
Gold line = daily settlement; bars = intraday high to low where available; dashed line = July 2004 close ($391.00).
Daily gold prices in August 2004 (22 trading days)
| Date | Open | High | Low | Close | Change | % change |
|---|---|---|---|---|---|---|
| Mon 2 Aug | $394.00 | $394.50 | $391.00 | $391.70 | +$0.70 | +0.18% |
| Tue 3 Aug | $392.00 | $394.80 | $388.80 | $394.00 | +$2.30 | +0.59% |
| Wed 4 Aug | $393.60 | $393.60 | $390.50 | $392.20 | −$1.80 | −0.46% |
| Thu 5 Aug | $393.00 | $393.50 | $391.00 | $392.30 | +$0.10 | +0.03% |
| Fri 6 Aug best day | $392.50 | $401.50 | $391.00 | $399.80 | +$7.50 | +1.91% |
| Mon 9 Aug | $399.10 | $400.70 | $398.50 | $400.70 | +$0.90 | +0.23% |
| Tue 10 Aug | $399.30 | $401.30 | $398.50 | $400.00 | −$0.70 | −0.17% |
| Wed 11 Aug | $399.50 | $399.50 | $393.30 | $395.50 | −$4.50 | −1.12% |
| Thu 12 Aug | $395.70 | $396.00 | $393.50 | $394.30 | −$1.20 | −0.30% |
| Fri 13 Aug | $394.30 | $399.50 | $393.50 | $398.90 | +$4.60 | +1.17% |
| Mon 16 Aug | $399.00 | $403.00 | $399.00 | $402.90 | +$4.00 | +1.00% |
| Tue 17 Aug | — | — | — | $404.40 | +$1.50 | +0.37% |
| Wed 18 Aug | $403.00 | $404.50 | $402.70 | $404.30 | −$0.10 | −0.02% |
| Thu 19 Aug | $404.30 | $407.90 | $404.30 | $407.10 | +$2.80 | +0.69% |
| Fri 20 Aug | — | — | — | $413.20 | +$6.10 | +1.50% |
| Mon 23 Aug | $411.30 | $411.80 | $409.70 | $410.50 | −$2.70 | −0.65% |
| Tue 24 Aug worst day | — | — | — | $403.00 | −$7.50 | −1.83% |
| Wed 25 Aug | — | — | — | $407.90 | +$4.90 | +1.22% |
| Thu 26 Aug | $409.00 | $409.00 | $406.20 | $407.40 | −$0.50 | −0.12% |
| Fri 27 Aug | $407.40 | $408.00 | $403.00 | $403.30 | −$4.10 | −1.01% |
| Mon 30 Aug | $407.00 | $407.90 | $404.70 | $407.80 | +$4.50 | +1.12% |
| Tue 31 Aug | — | — | — | $410.40 | +$2.60 | +0.64% |
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 5 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
| August 2004 | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| Settlements | $391.70 | $413.20 | $391.70 | $410.40 | +4.96% |
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 August 2004: summary
Gold gained 4.96% in August 2004, from $391.00 at the end of July 2004 to $410.40 an ounce. Gold closed higher on 13 of 22 trading days and lower on 9; the strongest session was 6 August 2004 (+1.91%) and the weakest 24 August 2004 (−1.83%). Settlement prices ranged from $391.70 on 2 August 2004 to $413.20 on 20 August 2004, a spread of $21.50 (5.5%), narrower than the 6.0% average of the previous 12 months.
How August 2004 compares
- Against other Augusts: at +4.96%, August 2004 ranks 8th of 26 Augusts since 2001 (best first).
- Against every month: it ranks 66th of 313 months since September 2000, better than 79% of them.
- Range: the gap between the highest and lowest close was $21.50, or 5.5% of the opening level, 0.9× the 6.0% average of the previous 12 months.
- Daily moves: the average day moved 0.74% (up or down), against 0.84% over the previous 12 months, so August 2004 was about as volatile as usual.
- Streaks: the longest run of higher closes was 3 days and the longest run of lower closes 3 days.
- Bigger picture: at the month-end close gold was −1.27% for 2004 to the end of August and +9.24% over 12 months (against the August 2003 close of $375.70).
- Average price: the mean of the 22 daily closes was $401.89; the World Bank's monthly average of the London (LBMA) price was $401.00.
Across the other 25 completed Augusts since 2001, gold averaged +2.41% and rose in 18 of them (72%). August 2004 beat that average by 2.6 percentage points. The gold seasonality tool shows the same statistics for every calendar month, and the monthly returns heatmap lays out all Augusts side by side.
August 2004 in today's dollars
Adjusted for US consumer-price inflation, the $410.40 closing price equals about $729 in September 2026 dollars (CPI 189.2 in August 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 August 2004?
Gold closed August 2004 at $410.40 an ounce (COMEX settlement). It opened the month at $391.70 and averaged $401.89 across 22 trading days; the World Bank’s London average for the month was $401.00.
Did gold go up in August 2004?
Yes. Gold was up 4.96% in August 2004, from $391.00 at the end of July 2004 to $410.40. It closed higher on 13 of 22 days. Among Augusts since 2001 it ranks 8th of 26 (best first).
What was the highest gold price in August 2004?
The highest close was $413.20 on 20 August 2004.
What was the lowest gold price in August 2004?
The lowest close was $391.70 on 2 August 2004, $21.50 (5.5%) 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.