Distance from the record
This close sat 4.67% below the highest gold close recorded up to that date, set on 2003-09-24.
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This page is a historical record of the gold price in 3 October 2003, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 26 August 2003
Gold closed at $369.40 per troy ounce on 3 October 2003, down $13.70 (3.58%) from the previous close of $383.10.
Notable session: moved more than 3% in a session.
Gold lost 3.58% in one session, far more than a normal day's range. Falls this size rarely happen in isolation — the days on either side give the move its context.
This close sat 4.67% below the highest gold close recorded up to that date, set on 2003-09-24.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $321.10, making this a +15.04% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $369.40 per troy ounce on 3 October 2003. That is $13.70 lower than the previous close of $383.10, a move of -3.58%.
The gold price fell on 3 October 2003, losing $13.70 (3.58%) against the previous session's close of $383.10.
At $369.40 per troy ounce, one gram of pure gold was worth about $11.88 on 3 October 2003. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 3 October 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 76.5 on 3 October 2003, meaning one ounce of gold was worth roughly 76.5 ounces of silver.
A week before 3 October 2003, gold was around $380.80 per troy ounce, so the close of $369.40 is a loss of 3.0% over the week.
A year before 3 October 2003, gold was around $321.10 per troy ounce. The close of $369.40 therefore represents a rise of 15.0% over twelve months.
This close was session 3 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 4.67% below the highest close on record up to that date, which was set on 2003-09-24.