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Gold's highest closing price on record
Gold closed at $368.30 per troy ounce on 1 January 2003, up $51.50 (16.26%) from the previous close of $316.80.
Notable session: one of the largest single-day moves on record; moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $282.10, making this a +30.56% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $368.30 per troy ounce on 1 January 2003. That is $51.50 higher than the previous close of $316.80, a move of 16.26%.
The gold price rose on 1 January 2003, gaining $51.50 (16.26%) against the previous session's close of $316.80.
At $368.30 per troy ounce, one gram of pure gold was worth about $11.84 on 1 January 2003. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 January 2003 18k gold was worth about $8.88 per gram and 14k about $6.91 per gram, against $11.84 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 75.9 on 1 January 2003, meaning one ounce of gold was worth roughly 75.9 ounces of silver.
A week before 1 January 2003, gold was around $316.80 per troy ounce, so the close of $368.30 is a gain of 16.3% over the week.
A month before 1 January 2003, gold was around $316.80 per troy ounce, so the close of $368.30 is a gain of 16.3% over the month.
A year before 1 January 2003, gold was around $282.10 per troy ounce. The close of $368.30 therefore represents a rise of 30.6% over twelve months.