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Lowest closing price since 1 November 2002
Gold closed at $350.20 per troy ounce on 1 February 2003, down $18.10 (4.91%) from the previous close of $368.30.
Notable session: moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $296.70, making this a +18.03% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $350.20 per troy ounce on 1 February 2003. That is $18.10 lower than the previous close of $368.30, a move of -4.91%.
The gold price fell on 1 February 2003, losing $18.10 (4.91%) against the previous session's close of $368.30.
At $350.20 per troy ounce, one gram of pure gold was worth about $11.26 on 1 February 2003. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 February 2003 18k gold was worth about $8.44 per gram and 14k about $6.57 per gram, against $11.26 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 76.4 on 1 February 2003, meaning one ounce of gold was worth roughly 76.4 ounces of silver.
A week before 1 February 2003, gold was around $368.30 per troy ounce, so the close of $350.20 is a loss of 4.9% over the week.
A month before 1 February 2003, gold was around $368.30 per troy ounce, so the close of $350.20 is a loss of 4.9% over the month.
A year before 1 February 2003, gold was around $296.70 per troy ounce. The close of $350.20 therefore represents a rise of 18.0% over twelve months.