Distance from the record
This close sat 4.35% below the highest gold close recorded up to that date, set on 2003-02-04.
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This page is a historical record of the gold price in 11 February 2003, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 22 January 2003
Gold closed at $362.50 per troy ounce on 11 February 2003, down $1.200 (0.33%) from the previous close of $363.70.
This close extended a run of 5 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 4.35% below the highest gold close recorded up to that date, set on 2003-02-04.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $300.10, making this a +20.79% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $362.50 per troy ounce on 11 February 2003. That is $1.20 lower than the previous close of $363.70, a move of -0.33%.
The gold price fell on 11 February 2003, losing $1.20 (0.33%) against the previous session's close of $363.70.
At $362.50 per troy ounce, one gram of pure gold was worth about $11.65 on 11 February 2003. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 11 February 2003 18k gold was worth about $8.74 per gram and 14k about $6.80 per gram, against $11.65 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 79.4 on 11 February 2003, meaning one ounce of gold was worth roughly 79.4 ounces of silver.
A week before 11 February 2003, gold was around $379.00 per troy ounce, so the close of $362.50 is a loss of 4.4% over the week.
A year before 11 February 2003, gold was around $300.10 per troy ounce. The close of $362.50 therefore represents a rise of 20.8% over twelve months.
This close was session 5 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 4.35% below the highest close on record up to that date, which was set on 2003-02-04.