Distance from the record
This close sat 7.49% below the highest gold close recorded up to that date, set on 2003-02-04.
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This page is a historical record of the gold price in 22 July 2003, not the current price.See today's gold price (11 September 2026)
Gold closed at $350.60 per troy ounce on 22 July 2003, down $0.300 (0.09%) from the previous close of $350.90.
Gold barely moved, closing within 0.09% of the previous session. Flat days are the majority of any price series and are most useful as the baseline the notable days are measured against.
This close sat 7.49% 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 $323.60, making this a +8.34% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $350.60 per troy ounce on 22 July 2003. That is $0.30 lower than the previous close of $350.90, a move of -0.09%.
The gold price fell on 22 July 2003, losing $0.30 (0.09%) against the previous session's close of $350.90.
At $350.60 per troy ounce, one gram of pure gold was worth about $11.27 on 22 July 2003. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 22 July 2003 18k gold was worth about $8.45 per gram and 14k about $6.58 per gram, against $11.27 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 73.3 on 22 July 2003, meaning one ounce of gold was worth roughly 73.3 ounces of silver.
A week before 22 July 2003, gold was around $342.10 per troy ounce, so the close of $350.60 is a gain of 2.5% over the week.
It closed 7.49% below the highest close on record up to that date, which was set on 2003-02-04.