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Gold ranged between $335.90 and $415.70 per troy ounce during 2003, averaging $370.01 across 11 trading days. It finished the period at $415.70, up 31.22% from $316.80.
Metal value only, before dealer margins and fabrication.
The strongest session of 2003 was 1 January 2003 at +16.26%, and the weakest 1 February 2003 at -4.91%.
Twelve months earlier gold traded around $316.80, making this a +31.22% move year on year.
| Date | Close (USD/oz) | Change |
|---|---|---|
| 1 January 2003 | $368.30 | +$51.50 |
| 1 February 2003 | $350.20 | −$18.10 |
| 1 March 2003 | $335.90 | −$14.30 |
| 1 April 2003 | $339.10 | +$3.200 |
| 1 May 2003 | $364.50 | +$25.40 |
| 1 July 2003 | $354.00 | −$10.50 |
| 1 August 2003 | $375.70 | +$21.70 |
| 1 September 2003 | $385.40 | +$9.700 |
| 1 October 2003 | $384.50 | −$0.900 |
| 1 November 2003 | $396.80 | +$12.30 |
| 1 December 2003 | $415.70 | +$18.90 |
Source: Yahoo Finance (COMEX futures). Figures are indicative reference prices, not trading quotes.
Figures in this section are shown in USD, independent of the currency selected above.
Gold finished 2003 at $415.70 per troy ounce, having risen $98.90 (31.22%) over the year. It has traded between $335.90 and $415.70 across 11 trading days.
The average gold closing price in 2003 was $370.01 per troy ounce, calculated across all 11 trading days in the year.
Gold reached its highest close of 2003 at $415.70 per troy ounce on 1 December 2003.
The lowest gold close in 2003 was $335.90 per troy ounce on 1 March 2003.
Gold rose during 2003. It entered the year at $316.80 and closed at $415.70, a change of 31.22%.
Gold closed higher on 7 sessions and lower on 4 during 2003. The strongest session was 1 January 2003 (+16.26%) and the weakest 1 February 2003 (-4.91%).
Daily closes in 2003 varied with a standard deviation of 6.08% per session, and the peak-to-trough spread across the year was 23.8% ($335.90 to $415.70).
At the 2003 close of $415.70 per troy ounce, gold worked out at about $13.37 per gram and $13,365.07 per kilogram. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio averaged about 74.4 through 2003 and finished the year near 69.8. A higher ratio means silver is cheap relative to gold.
Gold was around $316.80 per troy ounce twelve months before the end of 2003. Closing at $415.70 makes that a gain of 31.2% year on year.