Distance from the record
This close sat 3.64% 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 May 2003, not the current price.See today's gold price (11 September 2026)
Gold closed at $365.20 per troy ounce on 28 May 2003, down $2.600 (0.71%) from the previous close of $367.80.
This close sat 3.64% 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 $323.90, making this a +12.75% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $365.20 per troy ounce on 28 May 2003. That is $2.60 lower than the previous close of $367.80, a move of -0.71%.
The gold price fell on 28 May 2003, losing $2.60 (0.71%) against the previous session's close of $367.80.
At $365.20 per troy ounce, one gram of pure gold was worth about $11.74 on 28 May 2003. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 28 May 2003 18k gold was worth about $8.81 per gram and 14k about $6.85 per gram, against $11.74 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 78.8 on 28 May 2003, meaning one ounce of gold was worth roughly 78.8 ounces of silver.
A month before 28 May 2003, gold was around $334.50 per troy ounce, so the close of $365.20 is a gain of 9.2% over the month.
A year before 28 May 2003, gold was around $323.90 per troy ounce. The close of $365.20 therefore represents a rise of 12.8% over twelve months.
It closed 3.64% below the highest close on record up to that date, which was set on 2003-02-04.