Distance from the record
This close sat 6.97% 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 12 February 2003, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 15 January 2003
Gold closed at $352.60 per troy ounce on 12 February 2003, down $9.900 (2.73%) from the previous close of $362.50.
Gold lost 2.73% in one session, far more than a normal day's range. Falls this size rarely happen in isolation — the days on either side give the move its context.
This close sat 6.97% 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 $300.70, making this a +17.26% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $352.60 per troy ounce on 12 February 2003. That is $9.90 lower than the previous close of $362.50, a move of -2.73%.
The gold price fell on 12 February 2003, losing $9.90 (2.73%) against the previous session's close of $362.50.
At $352.60 per troy ounce, one gram of pure gold was worth about $11.34 on 12 February 2003. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 12 February 2003 18k gold was worth about $8.50 per gram and 14k about $6.61 per gram, against $11.34 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 78.3 on 12 February 2003, meaning one ounce of gold was worth roughly 78.3 ounces of silver.
A week before 12 February 2003, gold was around $376.40 per troy ounce, so the close of $352.60 is a loss of 6.3% over the week.
A year before 12 February 2003, gold was around $300.70 per troy ounce. The close of $352.60 therefore represents a rise of 17.3% over twelve months.
This close was session 6 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 6.97% below the highest close on record up to that date, which was set on 2003-02-04.