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Gold's highest closing price on record
Gold closed at $396.80 per troy ounce on 1 November 2003, up $12.30 (3.20%) from the previous close of $384.50.
Notable session: moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $316.80, making this a +25.25% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $396.80 per troy ounce on 1 November 2003. That is $12.30 higher than the previous close of $384.50, a move of 3.20%.
The gold price rose on 1 November 2003, gaining $12.30 (3.20%) against the previous session's close of $384.50.
At $396.80 per troy ounce, one gram of pure gold was worth about $12.76 on 1 November 2003. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 November 2003 18k gold was worth about $9.57 per gram and 14k about $7.44 per gram, against $12.76 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 74.1 on 1 November 2003, meaning one ounce of gold was worth roughly 74.1 ounces of silver.
A week before 1 November 2003, gold was around $384.50 per troy ounce, so the close of $396.80 is a gain of 3.2% over the week.
A month before 1 November 2003, gold was around $384.50 per troy ounce, so the close of $396.80 is a gain of 3.2% over the month.
A year before 1 November 2003, gold was around $316.80 per troy ounce. The close of $396.80 therefore represents a rise of 25.3% over twelve months.