Highest so far that month
No earlier session that month closed above this level.
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This page is a historical record of the gold price in 2 May 2003, not the current price.See today's gold price (11 September 2026)
Highest closing price since 12 March 2003
Gold closed at $341.00 per troy ounce on 2 May 2003, up $1.900 (0.56%) from the previous close of $339.10.
Notable session: lowest close of the month.
No earlier session that month closed above this level.
This close sat 10.03% 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 $308.30, making this a +10.61% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $341.00 per troy ounce on 2 May 2003. That is $1.90 higher than the previous close of $339.10, a move of 0.56%.
The gold price rose on 2 May 2003, gaining $1.90 (0.56%) against the previous session's close of $339.10.
At $341.00 per troy ounce, one gram of pure gold was worth about $10.96 on 2 May 2003. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 2 May 2003 18k gold was worth about $8.22 per gram and 14k about $6.40 per gram, against $10.96 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 71.3 on 2 May 2003, meaning one ounce of gold was worth roughly 71.3 ounces of silver.
A week before 2 May 2003, gold was around $333.40 per troy ounce, so the close of $341.00 is a gain of 2.3% over the week.
It closed 10.03% below the highest close on record up to that date, which was set on 2003-02-04.