Highest so far that month
No earlier session that month closed above this level.
Loading…
This page is a historical record of the gold price in 7 August 2003, not the current price.See today's gold price (11 September 2026)
Gold closed at $352.50 per troy ounce on 7 August 2003, up $1.700 (0.48%) from the previous close of $350.80.
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 6.99% 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 $314.30, making this a +12.15% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $352.50 per troy ounce on 7 August 2003. That is $1.70 higher than the previous close of $350.80, a move of 0.48%.
The gold price rose on 7 August 2003, gaining $1.70 (0.48%) against the previous session's close of $350.80.
At $352.50 per troy ounce, one gram of pure gold was worth about $11.33 on 7 August 2003. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 August 2003 18k gold was worth about $8.50 per gram and 14k about $6.61 per gram, against $11.33 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 70.0 on 7 August 2003, meaning one ounce of gold was worth roughly 70.0 ounces of silver.
A year before 7 August 2003, gold was around $314.30 per troy ounce. The close of $352.50 therefore represents a rise of 12.2% over twelve months.
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 6.99% below the highest close on record up to that date, which was set on 2003-02-04.