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Gold's highest closing price on record
Gold closed at $385.40 per troy ounce on 1 September 2003, up $9.700 (2.58%) from the previous close of $375.70.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $312.40, making this a +23.37% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $385.40 per troy ounce on 1 September 2003. That is $9.70 higher than the previous close of $375.70, a move of 2.58%.
The gold price rose on 1 September 2003, gaining $9.70 (2.58%) against the previous session's close of $375.70.
At $385.40 per troy ounce, one gram of pure gold was worth about $12.39 on 1 September 2003. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 September 2003 18k gold was worth about $9.29 per gram and 14k about $7.23 per gram, against $12.39 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 75.0 on 1 September 2003, meaning one ounce of gold was worth roughly 75.0 ounces of silver.
A week before 1 September 2003, gold was around $375.70 per troy ounce, so the close of $385.40 is a gain of 2.6% over the week.
A month before 1 September 2003, gold was around $375.70 per troy ounce, so the close of $385.40 is a gain of 2.6% over the month.
A year before 1 September 2003, gold was around $312.40 per troy ounce. The close of $385.40 therefore represents a rise of 23.4% over twelve months.