Distance from the record
This close sat 6.78% 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 June 2003, not the current price.See today's gold price (11 September 2026)
Gold closed at $353.30 per troy ounce on 12 June 2003, down $2.200 (0.62%) from the previous close of $355.50.
This close sat 6.78% 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 $320.30, making this a +10.30% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $353.30 per troy ounce on 12 June 2003. That is $2.20 lower than the previous close of $355.50, a move of -0.62%.
The gold price fell on 12 June 2003, losing $2.20 (0.62%) against the previous session's close of $355.50.
At $353.30 per troy ounce, one gram of pure gold was worth about $11.36 on 12 June 2003. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 12 June 2003 18k gold was worth about $8.52 per gram and 14k about $6.63 per gram, against $11.36 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 78.5 on 12 June 2003, meaning one ounce of gold was worth roughly 78.5 ounces of silver.
A week before 12 June 2003, gold was around $368.60 per troy ounce, so the close of $353.30 is a loss of 4.2% over the week.
It closed 6.78% below the highest close on record up to that date, which was set on 2003-02-04.