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 May 2003, not the current price.See today's gold price (11 September 2026)
Highest closing price since 11 March 2003
Gold closed at $348.40 per troy ounce on 8 May 2003, up $6.500 (1.90%) from the previous close of $341.90.
Gold moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
No earlier session that month closed above this level.
This close sat 8.07% 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 $308.20, making this a +13.04% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $348.40 per troy ounce on 8 May 2003. That is $6.50 higher than the previous close of $341.90, a move of 1.90%.
The gold price rose on 8 May 2003, gaining $6.50 (1.90%) against the previous session's close of $341.90.
At $348.40 per troy ounce, one gram of pure gold was worth about $11.20 on 8 May 2003. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 May 2003 18k gold was worth about $8.40 per gram and 14k about $6.53 per gram, against $11.20 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 72.8 on 8 May 2003, meaning one ounce of gold was worth roughly 72.8 ounces of silver.
A week before 8 May 2003, gold was around $339.10 per troy ounce, so the close of $348.40 is a gain of 2.7% over the week.
A month before 8 May 2003, gold was around $322.20 per troy ounce, so the close of $348.40 is a gain of 8.1% over the month.
A year before 8 May 2003, gold was around $308.20 per troy ounce. The close of $348.40 therefore represents a rise of 13.0% over twelve months.
It closed 8.07% below the highest close on record up to that date, which was set on 2003-02-04.