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Gold Price in 2004 | Historical Gold Prices

Annual summary, monthly averages, and key events that shaped gold prices in 2004

← 200320042005 →

Jan 1

$426

Opening Price

Dec 31

$438

Closing Price

Year High

$456

Annual High

Year Low

$375

Annual Low

Annual Avg

$409

Average Price

vs 2003

+5.3%

Annual Change

Monthly Gold Price Chart — 2004

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Low: $383High: $441

Monthly Average Gold Prices — 2004

MonthAvg Price (USD/oz)vs Prev Month
Jan 2004$413-3.1%
Feb 2004$405-1.9%
Mar 2004$406+0.2%
Apr 2004$403-0.7%
May 2004$383-5.0%
Jun 2004$393+2.6%
Jul 2004$398+1.3%
Aug 2004$400+0.5%
Sep 2004$405+1.3%
Oct 2004$421+4.0%
Nov 2004$439+4.3%
Dec 2004$441+0.5%

What Happened to Gold in 2004?

Gold consolidated its gains from 2002–2003, trading in a $375–$456 range. The introduction of the SPDR Gold Shares ETF (GLD) in November 2004 democratized gold investment and created a major new demand source. Oil prices rose sharply toward $55/barrel, adding inflationary pressure.

Browse All Years

2000-5.5%2001+1.1%2002+25.2%2003+19.9%2004+5.3%2005+17.1%2006+23.9%2007+31.1%2008+4.3%2009+24.9%2010+29.5%2011+10.2%2012+7%2013-28.3%2014-1.7%2015-10.5%2016+8.6%2017+13.1%2018-1.8%2019+18.6%2020+25.1%2021-4.3%2022+1%2023+13.1%2024+27.3%2025+12.4%2026+54.7%

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