Distance from the record
This close sat 7.39% 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 3 July 2003, not the current price.See today's gold price (11 September 2026)
Gold closed at $351.00 per troy ounce on 3 July 2003, down $0.300 (0.09%) from the previous close of $351.30.
Gold barely moved, closing within 0.09% of the previous session. Flat days are the majority of any price series and are most useful as the baseline the notable days are measured against.
This close sat 7.39% 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 $310.90, making this a +12.90% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $351.00 per troy ounce on 3 July 2003. That is $0.30 lower than the previous close of $351.30, a move of -0.09%.
The gold price fell on 3 July 2003, losing $0.30 (0.09%) against the previous session's close of $351.30.
At $351.00 per troy ounce, one gram of pure gold was worth about $11.28 on 3 July 2003. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 3 July 2003 18k gold was worth about $8.46 per gram and 14k about $6.58 per gram, against $11.28 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 75.0 on 3 July 2003, meaning one ounce of gold was worth roughly 75.0 ounces of silver.
A week before 3 July 2003, gold was around $343.90 per troy ounce, so the close of $351.00 is a gain of 2.1% over the week.
A year before 3 July 2003, gold was around $310.90 per troy ounce. The close of $351.00 therefore represents a rise of 12.9% over twelve months.
It closed 7.39% below the highest close on record up to that date, which was set on 2003-02-04.