Distance from the record
This close sat 2.40% below the highest gold close recorded up to that date, set on 2003-02-04.
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This page is a historical record of the gold price in 7 February 2003, not the current price.See today's gold price (11 September 2026)
Gold closed at $369.90 per troy ounce on 7 February 2003, down $0.200 (0.05%) from the previous close of $370.10.
This close extended a run of 3 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.
This close sat 2.40% 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 $299.70, making this a +23.42% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $369.90 per troy ounce on 7 February 2003. That is $0.20 lower than the previous close of $370.10, a move of -0.05%.
The gold price fell on 7 February 2003, losing $0.20 (0.05%) against the previous session's close of $370.10.
At $369.90 per troy ounce, one gram of pure gold was worth about $11.89 on 7 February 2003. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 February 2003 18k gold was worth about $8.92 per gram and 14k about $6.94 per gram, against $11.89 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 79.6 on 7 February 2003, meaning one ounce of gold was worth roughly 79.6 ounces of silver.
A month before 7 February 2003, gold was around $347.30 per troy ounce, so the close of $369.90 is a gain of 6.5% over the month.
A year before 7 February 2003, gold was around $299.70 per troy ounce. The close of $369.90 therefore represents a rise of 23.4% 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 2.40% below the highest close on record up to that date, which was set on 2003-02-04.