Distance from the record
This close sat 8.68% 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 27 February 2003, not the current price.See today's gold price (11 September 2026)
Gold closed at $346.10 per troy ounce on 27 February 2003, down $7.900 (2.23%) from the previous close of $354.00.
Gold lost 2.23% in one session, far more than a normal day's range. Falls this size rarely happen in isolation — the days on either side give the move its context.
This close sat 8.68% 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 $296.30, making this a +16.81% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $346.10 per troy ounce on 27 February 2003. That is $7.90 lower than the previous close of $354.00, a move of -2.23%.
The gold price fell on 27 February 2003, losing $7.90 (2.23%) against the previous session's close of $354.00.
At $346.10 per troy ounce, one gram of pure gold was worth about $11.13 on 27 February 2003. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 27 February 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 75.9 on 27 February 2003, meaning one ounce of gold was worth roughly 75.9 ounces of silver.
A month before 27 February 2003, gold was around $369.40 per troy ounce, so the close of $346.10 is a loss of 6.3% over the month.
A year before 27 February 2003, gold was around $296.30 per troy ounce. The close of $346.10 therefore represents a rise of 16.8% over twelve months.
It closed 8.68% below the highest close on record up to that date, which was set on 2003-02-04.