Distance from the record
This close sat 9.18% 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 17 July 2003, not the current price.See today's gold price (11 September 2026)
Gold closed at $344.20 per troy ounce on 17 July 2003, up $1.100 (0.32%) from the previous close of $343.10.
This close sat 9.18% 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 $317.40, making this a +8.44% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $344.20 per troy ounce on 17 July 2003. That is $1.10 higher than the previous close of $343.10, a move of 0.32%.
The gold price rose on 17 July 2003, gaining $1.10 (0.32%) against the previous session's close of $343.10.
At $344.20 per troy ounce, one gram of pure gold was worth about $11.07 on 17 July 2003. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 17 July 2003 18k gold was worth about $8.30 per gram and 14k about $6.46 per gram, against $11.07 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 73.7 on 17 July 2003, meaning one ounce of gold was worth roughly 73.7 ounces of silver.
A month before 17 July 2003, gold was around $363.20 per troy ounce, so the close of $344.20 is a loss of 5.2% over the month.
It closed 9.18% below the highest close on record up to that date, which was set on 2003-02-04.