Distance from the record
This close sat 1.13% below the highest gold close recorded up to that date, set on 2003-10-24.
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This page is a historical record of the gold price in 31 October 2003, not the current price.See today's gold price (11 September 2026)
Gold closed at $384.50 per troy ounce on 31 October 2003, up $0.200 (0.05%) from the previous close of $384.30.
Gold barely moved, closing within 0.05% 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 1.13% below the highest gold close recorded up to that date, set on 2003-10-24.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $318.00, making this a +20.91% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $384.50 per troy ounce on 31 October 2003. That is $0.20 higher than the previous close of $384.30, a move of 0.05%.
The gold price rose on 31 October 2003, gaining $0.20 (0.05%) against the previous session's close of $384.30.
At $384.50 per troy ounce, one gram of pure gold was worth about $12.36 on 31 October 2003. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 31 October 2003 18k gold was worth about $9.27 per gram and 14k about $7.21 per gram, against $12.36 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 76.0 on 31 October 2003, meaning one ounce of gold was worth roughly 76.0 ounces of silver.
A year before 31 October 2003, gold was around $318.00 per troy ounce. The close of $384.50 therefore represents a rise of 20.9% over twelve months.
It closed 1.13% below the highest close on record up to that date, which was set on 2003-10-24.