Distance from the record
This close sat 3.09% below the highest gold close recorded up to that date, set on 2003-09-01.
Loading…
This page is a historical record of the gold price in 16 September 2003, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 4 September 2003
Gold closed at $373.50 per troy ounce on 16 September 2003, down $1.000 (0.27%) from the previous close of $374.50.
This close extended a run of 5 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 3.09% below the highest gold close recorded up to that date, set on 2003-09-01.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $317.10, making this a +17.79% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $373.50 per troy ounce on 16 September 2003. That is $1.00 lower than the previous close of $374.50, a move of -0.27%.
The gold price fell on 16 September 2003, losing $1.00 (0.27%) against the previous session's close of $374.50.
At $373.50 per troy ounce, one gram of pure gold was worth about $12.01 on 16 September 2003. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 September 2003 18k gold was worth about $9.01 per gram and 14k about $7.00 per gram, against $12.01 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 71.6 on 16 September 2003, meaning one ounce of gold was worth roughly 71.6 ounces of silver.
A week before 16 September 2003, gold was around $381.70 per troy ounce, so the close of $373.50 is a loss of 2.1% over the week.
A year before 16 September 2003, gold was around $317.10 per troy ounce. The close of $373.50 therefore represents a rise of 17.8% over twelve months.
This close was session 5 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 3.09% below the highest close on record up to that date, which was set on 2003-09-01.