Distance from the record
This close sat 9.02% 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 July 2003, not the current price.See today's gold price (11 September 2026)
Gold closed at $344.80 per troy ounce on 11 July 2003, up $0.500 (0.15%) from the previous close of $344.30.
Gold barely moved, closing within 0.15% of the previous session. Flat days are the majority of any price series and are most useful as the baseline the notable days are measured against.
This close sat 9.02% 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 $317.20, making this a +8.70% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $344.80 per troy ounce on 11 July 2003. That is $0.50 higher than the previous close of $344.30, a move of 0.15%.
The gold price rose on 11 July 2003, gaining $0.50 (0.15%) against the previous session's close of $344.30.
At $344.80 per troy ounce, one gram of pure gold was worth about $11.09 on 11 July 2003. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 11 July 2003 18k gold was worth about $8.31 per gram and 14k about $6.47 per gram, against $11.09 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 71.9 on 11 July 2003, meaning one ounce of gold was worth roughly 71.9 ounces of silver.
It closed 9.02% below the highest close on record up to that date, which was set on 2003-02-04.