Highest so far that month
No earlier session that month closed above this level.
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This page is a historical record of the gold price in 4 August 2003, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 18 July 2003
Gold closed at $349.20 per troy ounce on 4 August 2003, down $4.800 (1.36%) from the previous close of $354.00.
Notable session: lowest close of the month.
This close extended a run of 4 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
No earlier session that month closed above this level.
This close sat 7.86% 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 $307.00, making this a +13.75% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $349.20 per troy ounce on 4 August 2003. That is $4.80 lower than the previous close of $354.00, a move of -1.36%.
The gold price fell on 4 August 2003, losing $4.80 (1.36%) against the previous session's close of $354.00.
At $349.20 per troy ounce, one gram of pure gold was worth about $11.23 on 4 August 2003. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 4 August 2003 18k gold was worth about $8.42 per gram and 14k about $6.55 per gram, against $11.23 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 69.6 on 4 August 2003, meaning one ounce of gold was worth roughly 69.6 ounces of silver.
A week before 4 August 2003, gold was around $364.80 per troy ounce, so the close of $349.20 is a loss of 4.3% over the week.
A year before 4 August 2003, gold was around $307.00 per troy ounce. The close of $349.20 therefore represents a rise of 13.7% over twelve months.
This close was session 4 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 7.86% below the highest close on record up to that date, which was set on 2003-02-04.