Highest so far that week
This was the strongest close of the week up to that point.
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This page is a historical record of the gold price in 29 May 2003, not the current price.See today's gold price (11 September 2026)
Gold closed at $369.60 per troy ounce on 29 May 2003, up $4.400 (1.20%) from the previous close of $365.20.
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 was the strongest close of the week up to that point.
This close sat 2.48% 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 $325.40, making this a +13.58% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $369.60 per troy ounce on 29 May 2003. That is $4.40 higher than the previous close of $365.20, a move of 1.20%.
The gold price rose on 29 May 2003, gaining $4.40 (1.20%) against the previous session's close of $365.20.
At $369.60 per troy ounce, one gram of pure gold was worth about $11.88 on 29 May 2003. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 29 May 2003 18k gold was worth about $8.91 per gram and 14k about $6.93 per gram, against $11.88 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 80.9 on 29 May 2003, meaning one ounce of gold was worth roughly 80.9 ounces of silver.
A month before 29 May 2003, gold was around $333.70 per troy ounce, so the close of $369.60 is a gain of 10.8% over the month.
A year before 29 May 2003, gold was around $325.40 per troy ounce. The close of $369.60 therefore represents a rise of 13.6% over twelve months.
It closed 2.48% below the highest close on record up to that date, which was set on 2003-02-04.