Distance from the record
This close sat 8.63% 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 24 June 2003, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 7 May 2003
Gold closed at $346.30 per troy ounce on 24 June 2003, down $6.700 (1.90%) from the previous close of $353.00.
This close extended a run of 3 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 8.63% 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 $324.30, making this a +6.78% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $346.30 per troy ounce on 24 June 2003. That is $6.70 lower than the previous close of $353.00, a move of -1.90%.
The gold price fell on 24 June 2003, losing $6.70 (1.90%) against the previous session's close of $353.00.
At $346.30 per troy ounce, one gram of pure gold was worth about $11.13 on 24 June 2003. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 24 June 2003 18k gold was worth about $8.35 per gram and 14k about $6.49 per gram, against $11.13 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 76.8 on 24 June 2003, meaning one ounce of gold was worth roughly 76.8 ounces of silver.
A week before 24 June 2003, gold was around $363.20 per troy ounce, so the close of $346.30 is a loss of 4.7% over the week.
A month before 24 June 2003, gold was around $368.80 per troy ounce, so the close of $346.30 is a loss of 6.1% over the month.
This close was session 3 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 8.63% below the highest close on record up to that date, which was set on 2003-02-04.