Distance from the record
This close sat 9.34% 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 9 July 2003, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 7 May 2003
Gold closed at $343.60 per troy ounce on 9 July 2003, down $0.500 (0.15%) from the previous close of $344.10.
This close extended a run of 5 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 9.34% 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 $316.10, making this a +8.70% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $343.60 per troy ounce on 9 July 2003. That is $0.50 lower than the previous close of $344.10, a move of -0.15%.
The gold price fell on 9 July 2003, losing $0.50 (0.15%) against the previous session's close of $344.10.
At $343.60 per troy ounce, one gram of pure gold was worth about $11.05 on 9 July 2003. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 9 July 2003 18k gold was worth about $8.29 per gram and 14k about $6.44 per gram, against $11.05 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 71.3 on 9 July 2003, meaning one ounce of gold was worth roughly 71.3 ounces of silver.
A week before 9 July 2003, gold was around $351.30 per troy ounce, so the close of $343.60 is a loss of 2.2% over the week.
A month before 9 July 2003, gold was around $361.80 per troy ounce, so the close of $343.60 is a loss of 5.0% over the month.
This close was session 5 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 9.34% below the highest close on record up to that date, which was set on 2003-02-04.