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Gold Price in 2003 | Historical Gold Prices

Annual summary, monthly averages, and key events that shaped gold prices in 2003

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Jan 1

$356

Opening Price

Dec 31

$416

Closing Price

Year High

$417

Annual High

Year Low

$320

Annual Low

Annual Avg

$363

Average Price

vs 2002

+19.9%

Annual Change

Monthly Gold Price Chart — 2003

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Low: $328High: $407

Monthly Average Gold Prices — 2003

MonthAvg Price (USD/oz)vs Prev Month
Jan 2003$367+3.1%
Feb 2003$352-4.1%
Mar 2003$339-3.7%
Apr 2003$328-3.2%
May 2003$355+8.2%
Jun 2003$356+0.3%
Jul 2003$351-1.4%
Aug 2003$359+2.3%
Sep 2003$381+6.1%
Oct 2003$390+2.4%
Nov 2003$389-0.3%
Dec 2003$407+4.6%

What Happened to Gold in 2003?

The Iraq War invasion in March 2003 initially caused gold volatility, but the subsequent long occupation and spiraling US deficits drove gold higher throughout the year. The US current account deficit reached record levels and the dollar continued its multi-year decline. Gold closed above $400 for the first time since 1988.

Browse All Years

2000-5.5%2001+1.1%2002+25.2%2003+19.9%2004+5.3%2005+17.1%2006+23.9%2007+31.1%2008+4.3%2009+24.9%2010+29.5%2011+10.2%2012+7%2013-28.3%2014-1.7%2015-10.5%2016+8.6%2017+13.1%2018-1.8%2019+18.6%2020+25.1%2021-4.3%2022+1%2023+13.1%2024+27.3%2025+12.4%2026+54.7%

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