Distance from the record
This close sat 2.69% 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 23 May 2003, not the current price.See today's gold price (11 September 2026)
Gold closed at $368.80 per troy ounce on 23 May 2003, up $0.700 (0.19%) from the previous close of $368.10.
This close sat 2.69% 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 $322.50, making this a +14.36% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $368.80 per troy ounce on 23 May 2003. That is $0.70 higher than the previous close of $368.10, a move of 0.19%.
The gold price rose on 23 May 2003, gaining $0.70 (0.19%) against the previous session's close of $368.10.
At $368.80 per troy ounce, one gram of pure gold was worth about $11.86 on 23 May 2003. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 23 May 2003 18k gold was worth about $8.89 per gram and 14k about $6.92 per gram, against $11.86 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 79.5 on 23 May 2003, meaning one ounce of gold was worth roughly 79.5 ounces of silver.
A week before 23 May 2003, gold was around $354.70 per troy ounce, so the close of $368.80 is a gain of 4.0% over the week.
A month before 23 May 2003, gold was around $331.50 per troy ounce, so the close of $368.80 is a gain of 11.3% over the month.
A year before 23 May 2003, gold was around $322.50 per troy ounce. The close of $368.80 therefore represents a rise of 14.4% over twelve months.
It closed 2.69% below the highest close on record up to that date, which was set on 2003-02-04.