Highest so far that month
No earlier session that month closed above this level.
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This page is a historical record of the gold price in 28 January 2003, not the current price.See today's gold price (11 September 2026)
Gold's highest closing price on record
Gold closed at $370.00 per troy ounce on 28 January 2003, up $0.600 (0.16%) from the previous close of $369.40.
Notable session: highest close of the month.
No session before this one closed higher — this was the highest gold close on record at the time. Records tend to cluster, so the days either side are worth reading together rather than in isolation.
No earlier session that month closed above this level.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $278.30, making this a +32.95% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $370.00 per troy ounce on 28 January 2003. That is $0.60 higher than the previous close of $369.40, a move of 0.16%.
The gold price rose on 28 January 2003, gaining $0.60 (0.16%) against the previous session's close of $369.40.
At $370.00 per troy ounce, one gram of pure gold was worth about $11.90 on 28 January 2003. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 28 January 2003 18k gold was worth about $8.92 per gram and 14k about $6.94 per gram, against $11.90 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 76.1 on 28 January 2003, meaning one ounce of gold was worth roughly 76.1 ounces of silver.
A week before 28 January 2003, gold was around $357.30 per troy ounce, so the close of $370.00 is a gain of 3.6% over the week.
A month before 28 January 2003, gold was around $349.20 per troy ounce, so the close of $370.00 is a gain of 6.0% over the month.
A year before 28 January 2003, gold was around $278.30 per troy ounce. The close of $370.00 therefore represents a rise of 33.0% over twelve months.
Yes. At the time, no earlier session had closed higher. Later sessions may have exceeded it — this page describes the record as it stood on that date, not today's all-time high.
This close was session 6 of a consecutive run of gains. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It was at the record itself — the highest close recorded up to that date.