Distance from the record
This close sat 7.60% 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 28 February 2003, not the current price.See today's gold price (11 September 2026)
Gold closed at $350.20 per troy ounce on 28 February 2003, up $4.100 (1.18%) from the previous close of $346.10.
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 7.60% 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 $296.70, making this a +18.03% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $350.20 per troy ounce on 28 February 2003. That is $4.10 higher than the previous close of $346.10, a move of 1.18%.
The gold price rose on 28 February 2003, gaining $4.10 (1.18%) against the previous session's close of $346.10.
At $350.20 per troy ounce, one gram of pure gold was worth about $11.26 on 28 February 2003. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 28 February 2003 18k gold was worth about $8.44 per gram and 14k about $6.57 per gram, against $11.26 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 76.4 on 28 February 2003, meaning one ounce of gold was worth roughly 76.4 ounces of silver.
A month before 28 February 2003, gold was around $370.00 per troy ounce, so the close of $350.20 is a loss of 5.4% over the month.
A year before 28 February 2003, gold was around $296.70 per troy ounce. The close of $350.20 therefore represents a rise of 18.0% over twelve months.
It closed 7.60% below the highest close on record up to that date, which was set on 2003-02-04.