Highest so far that week
This was the strongest close of the week up to that point.
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This page is a historical record of the gold price in 18 February 2003, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 30 December 2002
Gold closed at $344.20 per troy ounce on 18 February 2003, down $7.700 (2.19%) from the previous close of $351.90.
Notable session: lowest close of the month.
Gold lost 2.19% 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 was the strongest close of the week up to that point.
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 $298.40, making this a +15.35% 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 18 February 2003. That is $7.70 lower than the previous close of $351.90, a move of -2.19%.
The gold price fell on 18 February 2003, losing $7.70 (2.19%) against the previous session's close of $351.90.
At $344.20 per troy ounce, one gram of pure gold was worth about $11.07 on 18 February 2003. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 18 February 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 75.6 on 18 February 2003, meaning one ounce of gold was worth roughly 75.6 ounces of silver.
A week before 18 February 2003, gold was around $362.50 per troy ounce, so the close of $344.20 is a loss of 5.0% over the week.
A year before 18 February 2003, gold was around $298.40 per troy ounce. The close of $344.20 therefore represents a rise of 15.3% over twelve months.
It closed 9.18% below the highest close on record up to that date, which was set on 2003-02-04.