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Lowest closing price since 1 November 2002
Gold closed at $335.90 per troy ounce on 1 March 2003, down $14.30 (4.08%) from the previous close of $350.20.
Notable session: lowest close of the year; moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $302.60, making this a +11.00% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $335.90 per troy ounce on 1 March 2003. That is $14.30 lower than the previous close of $350.20, a move of -4.08%.
The gold price fell on 1 March 2003, losing $14.30 (4.08%) against the previous session's close of $350.20.
At $335.90 per troy ounce, one gram of pure gold was worth about $10.80 on 1 March 2003. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 March 2003 18k gold was worth about $8.10 per gram and 14k about $6.30 per gram, against $10.80 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 75.3 on 1 March 2003, meaning one ounce of gold was worth roughly 75.3 ounces of silver.
A week before 1 March 2003, gold was around $350.20 per troy ounce, so the close of $335.90 is a loss of 4.1% over the week.
A month before 1 March 2003, gold was around $350.20 per troy ounce, so the close of $335.90 is a loss of 4.1% over the month.
A year before 1 March 2003, gold was around $302.60 per troy ounce. The close of $335.90 therefore represents a rise of 11.0% over twelve months.