Distance from the record
This close sat 8.39% 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 18 July 2003, not the current price.See today's gold price (11 September 2026)
Gold closed at $347.20 per troy ounce on 18 July 2003, up $3.000 (0.87%) from the previous close of $344.20.
This close extended a run of 3 consecutive sessions of gains. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 8.39% 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 $317.00, making this a +9.53% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $347.20 per troy ounce on 18 July 2003. That is $3.00 higher than the previous close of $344.20, a move of 0.87%.
The gold price rose on 18 July 2003, gaining $3.00 (0.87%) against the previous session's close of $344.20.
At $347.20 per troy ounce, one gram of pure gold was worth about $11.16 on 18 July 2003. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 18 July 2003 18k gold was worth about $8.37 per gram and 14k about $6.51 per gram, against $11.16 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 73.5 on 18 July 2003, meaning one ounce of gold was worth roughly 73.5 ounces of silver.
This close was session 3 of a consecutive run of gains. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 8.39% below the highest close on record up to that date, which was set on 2003-02-04.