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 5 May 2003, not the current price.See today's gold price (11 September 2026)
Highest closing price since 12 March 2003
Gold closed at $342.30 per troy ounce on 5 May 2003, up $1.300 (0.38%) from the previous close of $341.00.
This close extended a run of 3 consecutive sessions of gains. 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 9.68% 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 $312.20, making this a +9.64% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $342.30 per troy ounce on 5 May 2003. That is $1.30 higher than the previous close of $341.00, a move of 0.38%.
The gold price rose on 5 May 2003, gaining $1.30 (0.38%) against the previous session's close of $341.00.
At $342.30 per troy ounce, one gram of pure gold was worth about $11.01 on 5 May 2003. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 5 May 2003 18k gold was worth about $8.25 per gram and 14k about $6.42 per gram, against $11.01 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 71.3 on 5 May 2003, meaning one ounce of gold was worth roughly 71.3 ounces of silver.
A week before 5 May 2003, gold was around $334.50 per troy ounce, so the close of $342.30 is a gain of 2.3% over the week.
A month before 5 May 2003, gold was around $325.30 per troy ounce, so the close of $342.30 is a gain of 5.2% over the month.
This close was session 3 of a consecutive run of gains. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 9.68% below the highest close on record up to that date, which was set on 2003-02-04.