Distance from the record
This close sat 3.12% below the highest gold close recorded up to that date, set on 2003-09-24.
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This page is a historical record of the gold price in 8 October 2003, not the current price.See today's gold price (11 September 2026)
Gold closed at $375.40 per troy ounce on 8 October 2003, down $1.800 (0.48%) from the previous close of $377.20.
This close sat 3.12% below the highest gold close recorded up to that date, set on 2003-09-24.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $318.20, making this a +17.98% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $375.40 per troy ounce on 8 October 2003. That is $1.80 lower than the previous close of $377.20, a move of -0.48%.
The gold price fell on 8 October 2003, losing $1.80 (0.48%) against the previous session's close of $377.20.
At $375.40 per troy ounce, one gram of pure gold was worth about $12.07 on 8 October 2003. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 October 2003 18k gold was worth about $9.05 per gram and 14k about $7.04 per gram, against $12.07 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 77.2 on 8 October 2003, meaning one ounce of gold was worth roughly 77.2 ounces of silver.
A week before 8 October 2003, gold was around $384.50 per troy ounce, so the close of $375.40 is a loss of 2.4% over the week.
A year before 8 October 2003, gold was around $318.20 per troy ounce. The close of $375.40 therefore represents a rise of 18.0% over twelve months.
It closed 3.12% below the highest close on record up to that date, which was set on 2003-09-24.