Distance from the record
This close sat 2.88% 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 May 2003, not the current price.See today's gold price (11 September 2026)
Gold closed at $368.10 per troy ounce on 22 May 2003, down $3.900 (1.05%) from the previous close of $372.00.
Gold moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
This close sat 2.88% 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 $318.00, making this a +15.75% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $368.10 per troy ounce on 22 May 2003. That is $3.90 lower than the previous close of $372.00, a move of -1.05%.
The gold price fell on 22 May 2003, losing $3.90 (1.05%) against the previous session's close of $372.00.
At $368.10 per troy ounce, one gram of pure gold was worth about $11.83 on 22 May 2003. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 22 May 2003 18k gold was worth about $8.88 per gram and 14k about $6.90 per gram, against $11.83 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 79.1 on 22 May 2003, meaning one ounce of gold was worth roughly 79.1 ounces of silver.
A week before 22 May 2003, gold was around $352.60 per troy ounce, so the close of $368.10 is a gain of 4.4% over the week.
A month before 22 May 2003, gold was around $334.40 per troy ounce, so the close of $368.10 is a gain of 10.1% over the month.
A year before 22 May 2003, gold was around $318.00 per troy ounce. The close of $368.10 therefore represents a rise of 15.8% over twelve months.
It closed 2.88% below the highest close on record up to that date, which was set on 2003-02-04.