Gold price in October 2004: daily prices, high, low and change
Gold closed October 2004 at $428.50 an ounce, up 2.34% on the month. The highest close was $429.00 on 25 Oct and the lowest $413.20 on 13 Oct. Every trading day below, with ranks and context computed from COMEX data.
Gold price chart, October 2004 (daily close and high-low range, US$ per ounce)
Gold line = daily settlement; bars = intraday high to low where available; dashed line = September 2004 close ($418.70).
Daily gold prices in October 2004 (21 trading days)
| Date | Open | High | Low | Close | Change | % change |
|---|---|---|---|---|---|---|
| Fri 1 Oct | — | — | — | $419.50 | +$0.80 | +0.19% |
| Mon 4 Oct | — | — | — | $414.00 | −$5.50 | −1.31% |
| Tue 5 Oct | $415.30 | $419.30 | $415.00 | $418.20 | +$4.20 | +1.01% |
| Wed 6 Oct | $417.50 | $419.00 | $417.00 | $418.40 | +$0.20 | +0.05% |
| Thu 7 Oct | $418.00 | $419.00 | $417.50 | $418.00 | −$0.40 | −0.10% |
| Fri 8 Oct best day | $418.70 | $425.00 | $418.00 | $423.10 | +$5.10 | +1.22% |
| Mon 11 Oct | $422.20 | $422.20 | $421.00 | $422.00 | −$1.10 | −0.26% |
| Tue 12 Oct worst day | $419.10 | $419.10 | $413.50 | $415.10 | −$6.90 | −1.64% |
| Wed 13 Oct | — | — | — | $413.20 | −$1.90 | −0.46% |
| Thu 14 Oct | $416.00 | $418.80 | $415.20 | $418.10 | +$4.90 | +1.19% |
| Fri 15 Oct | $418.30 | $419.70 | $417.80 | $418.70 | +$0.60 | +0.14% |
| Mon 18 Oct | — | — | — | $416.20 | −$2.50 | −0.60% |
| Tue 19 Oct | — | — | — | $420.30 | +$4.10 | +0.99% |
| Wed 20 Oct | $420.30 | $425.10 | $420.30 | $423.50 | +$3.20 | +0.76% |
| Thu 21 Oct | — | — | — | $424.40 | +$0.90 | +0.21% |
| Fri 22 Oct | — | — | — | $424.60 | +$0.20 | +0.05% |
| Mon 25 Oct | $429.00 | $430.00 | $428.50 | $429.00 | +$4.40 | +1.04% |
| Tue 26 Oct | $429.10 | $429.10 | $425.40 | $426.80 | −$2.20 | −0.51% |
| Wed 27 Oct | $429.50 | $429.70 | $423.50 | $424.80 | −$2.00 | −0.47% |
| Thu 28 Oct | — | — | — | $425.10 | +$0.30 | +0.07% |
| Fri 29 Oct | — | — | — | $428.50 | +$3.40 | +0.80% |
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 9 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
| October 2004 | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| Settlements | $419.50 | $429.00 | $413.20 | $428.50 | +2.34% |
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 October 2004: summary
Gold rose 2.34% in October 2004, from $418.70 at the end of September 2004 to $428.50 an ounce. Gold closed higher on 13 of 21 trading days and lower on 8; the strongest session was 8 October 2004 (+1.22%) and the weakest 12 October 2004 (−1.64%). Settlement prices ranged from $413.20 on 13 October 2004 to $429.00 on 25 October 2004, a spread of $15.80 (3.8%), narrower than the 5.9% average of the previous 12 months.
It was gold's 3rd monthly gain in a row.
How October 2004 compares
- Against other Octobers: at +2.34%, October 2004 ranks 9th of 26 Octobers since 2000 (best first).
- Against every month: it ranks 119th of 313 months since September 2000, better than 62% of them.
- Range: the gap between the highest and lowest close was $15.80, or 3.8% of the opening level, 0.6× the 5.9% average of the previous 12 months.
- Daily moves: the average day moved 0.62% (up or down), against 0.80% over the previous 12 months, so October 2004 was calmer than usual.
- Streaks: the longest run of higher closes was 5 days and the longest run of lower closes 3 days.
- Bigger picture: at the month-end close gold was +3.08% for 2004 to the end of October and +11.44% over 12 months (against the October 2003 close of $384.50).
- Average price: the mean of the 21 daily closes was $421.02; the World Bank's monthly average of the London (LBMA) price was $420.00.
Across the other 25 completed Octobers since 2000, gold averaged +0.04% and rose in 12 of them (48%). October 2004 beat that average by 2.3 percentage points. The gold seasonality tool shows the same statistics for every calendar month, and the monthly returns heatmap lays out all Octobers side by side.
October 2004 in today's dollars
Adjusted for US consumer-price inflation, the $428.50 closing price equals about $755 in September 2026 dollars (CPI 190.8 in October 2004 against 336.3 in September 2026, FRED series CPIAUCSL), 76% 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 October 2004?
Gold closed October 2004 at $428.50 an ounce (COMEX settlement). It opened the month at $419.50 and averaged $421.02 across 21 trading days; the World Bank’s London average for the month was $420.00.
Did gold go up in October 2004?
Yes. Gold was up 2.34% in October 2004, from $418.70 at the end of September 2004 to $428.50. It closed higher on 13 of 21 days. Among Octobers since 2000 it ranks 9th of 26 (best first).
What was the highest gold price in October 2004?
The highest close was $429.00 on 25 October 2004.
What was the lowest gold price in October 2004?
The lowest close was $413.20 on 13 October 2004, $15.80 (3.8%) 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.