Distance from the record
This close sat 7.52% 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 March 2003, not the current price.See today's gold price (11 September 2026)
Gold closed at $350.50 per troy ounce on 11 March 2003, down $4.200 (1.18%) from the previous close of $354.70.
Gold moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
This close sat 7.52% 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 $291.10, making this a +20.41% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $350.50 per troy ounce on 11 March 2003. That is $4.20 lower than the previous close of $354.70, a move of -1.18%.
The gold price fell on 11 March 2003, losing $4.20 (1.18%) against the previous session's close of $354.70.
At $350.50 per troy ounce, one gram of pure gold was worth about $11.27 on 11 March 2003. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 11 March 2003 18k gold was worth about $8.45 per gram and 14k about $6.57 per gram, against $11.27 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 74.9 on 11 March 2003, meaning one ounce of gold was worth roughly 74.9 ounces of silver.
A year before 11 March 2003, gold was around $291.10 per troy ounce. The close of $350.50 therefore represents a rise of 20.4% over twelve months.
It closed 7.52% below the highest close on record up to that date, which was set on 2003-02-04.