Distance from the record
This close sat 3.17% below the highest gold close recorded up to that date, set on 2003-09-01.
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This page is a historical record of the gold price in 2 September 2003, not the current price.See today's gold price (11 September 2026)
Gold falls 3.2% in a single session
Gold closed at $373.20 per troy ounce on 2 September 2003, down $12.20 (3.17%) from the previous close of $385.40.
Notable session: moved more than 3% in a session.
Gold lost 3.17% 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 3.17% below the highest gold close recorded up to that date, set on 2003-09-01.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $312.40, making this a +19.46% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $373.20 per troy ounce on 2 September 2003. That is $12.20 lower than the previous close of $385.40, a move of -3.17%.
The gold price fell on 2 September 2003, losing $12.20 (3.17%) against the previous session's close of $385.40.
At $373.20 per troy ounce, one gram of pure gold was worth about $12.00 on 2 September 2003. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 2 September 2003 18k gold was worth about $9.00 per gram and 14k about $7.00 per gram, against $12.00 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 74.8 on 2 September 2003, meaning one ounce of gold was worth roughly 74.8 ounces of silver.
A week before 2 September 2003, gold was around $365.80 per troy ounce, so the close of $373.20 is a gain of 2.0% over the week.
A month before 2 September 2003, gold was around $354.00 per troy ounce, so the close of $373.20 is a gain of 5.4% over the month.
A year before 2 September 2003, gold was around $312.40 per troy ounce. The close of $373.20 therefore represents a rise of 19.5% over twelve months.
It closed 3.17% below the highest close on record up to that date, which was set on 2003-09-01.