Highest so far that year
At the time, no session earlier in the year had closed higher.
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This page is a historical record of the gold price in 2 January 2003, not the current price.See today's gold price (11 September 2026)
Gold closed at $346.10 per troy ounce on 2 January 2003, down $1.500 (0.43%) from the previous close of $347.60.
Notable session: lowest close of the month.
At the time, no session earlier in the year had closed higher.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $278.90, making this a +24.09% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $346.10 per troy ounce on 2 January 2003. That is $1.50 lower than the previous close of $347.60, a move of -0.43%.
The gold price fell on 2 January 2003, losing $1.50 (0.43%) against the previous session's close of $347.60.
At $346.10 per troy ounce, one gram of pure gold was worth about $11.13 on 2 January 2003. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 2 January 2003 18k gold was worth about $8.35 per gram and 14k about $6.49 per gram, against $11.13 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 71.9 on 2 January 2003, meaning one ounce of gold was worth roughly 71.9 ounces of silver.
A month before 2 January 2003, gold was around $317.60 per troy ounce, so the close of $346.10 is a gain of 9.0% over the month.
A year before 2 January 2003, gold was around $278.90 per troy ounce. The close of $346.10 therefore represents a rise of 24.1% over twelve months.
It closed 0.89% below the highest close on record up to that date, which was set on 2002-12-27.