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Gold's highest closing price on record
Gold closed at $375.70 per troy ounce on 1 August 2003, up $21.70 (6.13%) from the previous close of $354.00.
Notable session: moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $312.40, making this a +20.26% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $375.70 per troy ounce on 1 August 2003. That is $21.70 higher than the previous close of $354.00, a move of 6.13%.
The gold price rose on 1 August 2003, gaining $21.70 (6.13%) against the previous session's close of $354.00.
At $375.70 per troy ounce, one gram of pure gold was worth about $12.08 on 1 August 2003. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 August 2003 18k gold was worth about $9.06 per gram and 14k about $7.05 per gram, against $12.08 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 73.5 on 1 August 2003, meaning one ounce of gold was worth roughly 73.5 ounces of silver.
A week before 1 August 2003, gold was around $354.00 per troy ounce, so the close of $375.70 is a gain of 6.1% over the week.
A month before 1 August 2003, gold was around $354.00 per troy ounce, so the close of $375.70 is a gain of 6.1% over the month.
A year before 1 August 2003, gold was around $312.40 per troy ounce. The close of $375.70 therefore represents a rise of 20.3% over twelve months.