Distance from the record
This close sat 1.92% below the highest gold close recorded up to that date, set on 2003-12-01.
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This page is a historical record of the gold price in 16 December 2003, not the current price.See today's gold price (11 September 2026)
Gold closed at $407.70 per troy ounce on 16 December 2003, down $1.500 (0.37%) from the previous close of $409.20.
This close sat 1.92% below the highest gold close recorded up to that date, set on 2003-12-01.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $337.00, making this a +20.98% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $407.70 per troy ounce on 16 December 2003. That is $1.50 lower than the previous close of $409.20, a move of -0.37%.
The gold price fell on 16 December 2003, losing $1.50 (0.37%) against the previous session's close of $409.20.
At $407.70 per troy ounce, one gram of pure gold was worth about $13.11 on 16 December 2003. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 December 2003 18k gold was worth about $9.83 per gram and 14k about $7.65 per gram, against $13.11 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 72.4 on 16 December 2003, meaning one ounce of gold was worth roughly 72.4 ounces of silver.
A year before 16 December 2003, gold was around $337.00 per troy ounce. The close of $407.70 therefore represents a rise of 21.0% over twelve months.
It closed 1.92% below the highest close on record up to that date, which was set on 2003-12-01.