Gold Price in May 2004
In May 2004, gold rose 1.8%, from $387.00 at the end of April to $394.00 per troy ounce on May 28, 2004. The highest close was $394.90 on May 27, 2004, the lowest $374.80 on May 13, 2004, and the average over 20 trading days was $383.77. Today's price is 925.9% higher than the May 2004 close.
Gold price chart, May 2004
US dollars per troy ounce · daily closeDaily Gold Prices, May 2004
Closing price for every trading day, with the same price in INR and AED at that day's exchange rate.
| Date | Close (USD per oz) | Change | USD per gram | 24K India, ₹ per 10 g | 24K UAE, AED per gram |
|---|---|---|---|---|---|
| May 3Mon | $387.00 | 0.00% | $12.44 | ₹5,511 | AED 45.69 |
| May 4Tue | $391.40 | +1.14% | $12.58 | ₹5,634 | AED 46.21 |
| May 5Wed | $393.40 | +0.51% | $12.65 | ₹5,636 | AED 46.44 |
| May 6Thu | $388.00 | −1.37% | $12.47 | ₹5,562 | AED 45.80 |
| May 7Fri | $378.70 | −2.40% | $12.18 | ₹5,422 | AED 44.71 |
| May 10Mon | $378.30 | −0.11% | $12.16 | ₹5,470 | AED 44.66 |
| May 11Tue | $376.90 | −0.37% | $12.12 | ₹5,474 | AED 44.50 |
| May 12Wed | $377.40 | +0.13% | $12.13 | ₹5,498 | AED 44.55 |
| May 13Thu | $374.80 | −0.69% | $12.05 | ₹5,442 | AED 44.25 |
| May 14Fri | $377.00 | +0.59% | $12.12 | ₹5,500 | AED 44.50 |
| May 17Mon | $379.50 | +0.66% | $12.20 | ₹5,543 | AED 44.80 |
| May 18Tue | $375.80 | −0.97% | $12.08 | ₹5,479 | AED 44.37 |
| May 19Wed | $382.90 | +1.89% | $12.31 | ₹5,549 | AED 45.20 |
| May 20Thu | $378.40 | −1.18% | $12.17 | ₹5,488 | AED 44.67 |
| May 21Fri | $384.80 | +1.69% | $12.37 | ₹5,591 | AED 45.43 |
| May 24Mon | $385.60 | +0.21% | $12.40 | ₹5,601 | AED 45.52 |
| May 25Tue | $388.30 | +0.70% | $12.48 | ₹5,652 | AED 45.84 |
| May 26Wed | $388.30 | 0.00% | $12.48 | ₹5,651 | AED 45.84 |
| May 27Thu | $394.90 | +1.70% | $12.70 | ₹5,750 | AED 46.62 |
| May 28Fri | $394.00 | −0.23% | $12.67 | ₹5,737 | AED 46.51 |
How May usually goes for gold
In the 20 years from 2006 to 2025, gold rose in May 9 times out of 20, with an average move of −0.2% and a median of −1.1%.
Gold in May 2004: FAQ
What was the price of gold in May 2004?
Gold traded between $374.80 and $394.90 per troy ounce (daily closes) in May 2004, averaging $383.77. It closed the month at $394.00.
How much did gold go up in May 2004?
Gold rose 1.8%, from $387.00 to $394.00. The biggest daily rise was +1.9% on May 19, 2004 and the biggest fall −2.4% on May 7, 2004.
What was the gold price on May 3, 2004?
Gold closed at $387.00 per troy ounce on May 3, 2004, the first trading day of the month. 24K India, ₹ per 10 g: ₹5,511.
Is May usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in May 9 times out of 20, with an average move of −0.2% and a median of −1.1%. Past seasonal patterns are not a reliable guide to any single year.