Distance from the record
This close sat 2.89% 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 2 December 2003, not the current price.See today's gold price (11 September 2026)
Gold closed at $403.70 per troy ounce on 2 December 2003, down $12.00 (2.89%) from the previous close of $415.70.
Gold lost 2.89% 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 close sat 2.89% 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 $317.60, making this a +27.11% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $403.70 per troy ounce on 2 December 2003. That is $12.00 lower than the previous close of $415.70, a move of -2.89%.
The gold price fell on 2 December 2003, losing $12.00 (2.89%) against the previous session's close of $415.70.
At $403.70 per troy ounce, one gram of pure gold was worth about $12.98 on 2 December 2003. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 2 December 2003 18k gold was worth about $9.73 per gram and 14k about $7.57 per gram, against $12.98 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 73.5 on 2 December 2003, meaning one ounce of gold was worth roughly 73.5 ounces of silver.
A week before 2 December 2003, gold was around $391.10 per troy ounce, so the close of $403.70 is a gain of 3.2% over the week.
A year before 2 December 2003, gold was around $317.60 per troy ounce. The close of $403.70 therefore represents a rise of 27.1% over twelve months.
It closed 2.89% below the highest close on record up to that date, which was set on 2003-12-01.