Distance from the record
This close sat 9.21% below the highest gold close recorded up to that date, set on 2003-02-04.
Loading…
This page is a historical record of the gold price in 8 July 2003, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 26 June 2003
Gold closed at $344.10 per troy ounce on 8 July 2003, down $4.000 (1.15%) from the previous close of $348.10.
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.
This close sat 9.21% 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 $312.10, making this a +10.25% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $344.10 per troy ounce on 8 July 2003. That is $4.00 lower than the previous close of $348.10, a move of -1.15%.
The gold price fell on 8 July 2003, losing $4.00 (1.15%) against the previous session's close of $348.10.
At $344.10 per troy ounce, one gram of pure gold was worth about $11.06 on 8 July 2003. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 July 2003 18k gold was worth about $8.30 per gram and 14k about $6.45 per gram, against $11.06 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 72.7 on 8 July 2003, meaning one ounce of gold was worth roughly 72.7 ounces of silver.
A week before 8 July 2003, gold was around $354.00 per troy ounce, so the close of $344.10 is a loss of 2.8% over the week.
A month before 8 July 2003, gold was around $363.70 per troy ounce, so the close of $344.10 is a loss of 5.4% over the month.
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 9.21% below the highest close on record up to that date, which was set on 2003-02-04.