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 8 August 2003, not the current price.See today's gold price (11 September 2026)
Highest closing price since 29 July 2003
Gold closed at $356.30 per troy ounce on 8 August 2003, up $3.800 (1.08%) from the previous close of $352.50.
This close extended a run of 4 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 5.99% 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 $310.40, making this a +14.79% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $356.30 per troy ounce on 8 August 2003. That is $3.80 higher than the previous close of $352.50, a move of 1.08%.
The gold price rose on 8 August 2003, gaining $3.80 (1.08%) against the previous session's close of $352.50.
At $356.30 per troy ounce, one gram of pure gold was worth about $11.46 on 8 August 2003. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 August 2003 18k gold was worth about $8.59 per gram and 14k about $6.68 per gram, against $11.46 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 71.4 on 8 August 2003, meaning one ounce of gold was worth roughly 71.4 ounces of silver.
A year before 8 August 2003, gold was around $310.40 per troy ounce. The close of $356.30 therefore represents a rise of 14.8% over twelve months.
This close was session 4 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 5.99% below the highest close on record up to that date, which was set on 2003-02-04.