Gold Price in December 2003
In December 2003, gold rose 4.8%, from $396.80 at the end of November to $415.70 per troy ounce on December 31, 2003. The highest close was $416.90 on December 30, 2003, the lowest $402.70 on December 1, 2003, and the average over 21 trading days was $408.80. Today's price is 832.6% higher than the December 2003 close.
Gold ended December higher. What usually happens in January after a higher December →
- Gold rose 4.8% in US dollars in December 2003, leaving it up 19.6% for the year to date.
- Measured in other currencies, the change ranged from +0.1% in CHF to +4.9% in EGP, because exchange rates moved too.
- It did worse than silver (+11.2%) and US stocks (+5.2%).
- It closed higher on 13 trading days and lower on 8, with an average daily move of 0.45%.
- Gold/silver ratio: 74.1 → 69.8.
Gold price chart, December 2003
US dollars per troy ounce · daily closeGold in other currencies, December 2003
| Currency | Change in the month |
|---|---|
| EGP | +4.9% |
| CNY | +4.6% |
| CAD | +4.2% |
| PKR | +3.8% |
| JPY | +3.2% |
| CHF | +0.1% |
Price in each currency at each day's exchange rate, previous month-end to this month-end. A weaker currency makes gold rise more in local terms.
Gold vs other assets, December 2003
| Asset | Change (USD) |
|---|---|
| Gold | +4.8% |
| Silver | +11.2% |
| S&P 500 (with dividends) | +5.2% |
| US inflation (CPI, month) | −0.11% |
| Gold, year to date (end of December) | +19.6% |
| Gold/silver ratio | 74.1 → 69.8 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, December 2003
Closing price for every trading day, with the same price in INR and AED at that day's exchange rate.
| Date | Close (USD per oz) | Change | USD per gram | 24K India, ₹ per 10 g | 24K UAE, AED per gram |
|---|---|---|---|---|---|
| Dec 1Mon | $402.70 | +1.49% | $12.95 | ₹5,918 | AED 47.54 |
| Dec 2Tue | $403.70 | +0.25% | $12.98 | ₹5,922 | AED 47.65 |
| Dec 3Wed | $403.90 | +0.05% | $12.99 | ₹5,915 | AED 47.68 |
| Dec 4Thu | $403.30 | −0.15% | $12.97 | ₹5,906 | AED 47.61 |
| Dec 5Fri | $406.40 | +0.77% | $13.07 | ₹5,938 | AED 47.98 |
| Dec 8Mon | $406.60 | +0.05% | $13.07 | ₹5,944 | AED 48.00 |
| Dec 9Tue | $408.20 | +0.39% | $13.12 | ₹5,962 | AED 48.19 |
| Dec 10Wed | $406.20 | −0.49% | $13.06 | ₹5,925 | AED 47.95 |
| Dec 11Thu | $404.60 | −0.39% | $13.01 | ₹5,912 | AED 47.76 |
| Dec 12Fri | $409.40 | +1.19% | $13.16 | ₹5,979 | AED 48.33 |
| Dec 15Mon | $409.20 | −0.05% | $13.16 | ₹5,982 | AED 48.30 |
| Dec 16Tue | $407.70 | −0.37% | $13.11 | ₹5,960 | AED 48.13 |
| Dec 17Wed | $412.00 | +1.05% | $13.25 | ₹6,012 | AED 48.64 |
| Dec 18Thu | $410.40 | −0.39% | $13.19 | ₹5,994 | AED 48.45 |
| Dec 19Fri | $409.20 | −0.29% | $13.16 | ₹5,976 | AED 48.31 |
| Dec 22Mon | $410.60 | +0.34% | $13.20 | ₹6,000 | AED 48.47 |
| Dec 23Tue | $411.00 | +0.10% | $13.21 | ₹5,998 | AED 48.52 |
| Dec 24Wed | $412.30 | +0.32% | $13.26 | ₹6,024 | AED 48.67 |
| Dec 29Mon | $414.80 | +0.61% | $13.34 | ₹6,074 | AED 48.97 |
| Dec 30Tue | $416.90 | +0.51% | $13.40 | ₹6,099 | AED 49.21 |
| Dec 31Wed | $415.70 | −0.29% | $13.37 | ₹6,085 | AED 49.07 |
How December usually goes for gold
In the 20 years from 2006 to 2025, gold rose in December 12 times out of 20, with an average move of +1.0% and a median of +1.8%. Every December since 1971 →
Gold in December 2003: FAQ
What was the price of gold in December 2003?
Gold traded between $402.70 and $416.90 per troy ounce (daily closes) in December 2003, averaging $408.80. It closed the month at $415.70.
How much did gold go up in December 2003?
Gold rose 4.8%, from $396.80 to $415.70. The biggest daily rise was +1.5% on December 1, 2003 and the biggest fall −0.5% on December 10, 2003.
What was the gold price on December 1, 2003?
Gold closed at $402.70 per troy ounce on December 1, 2003, the first trading day of the month. 24K India, ₹ per 10 g: ₹5,918.
Is December usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in December 12 times out of 20, with an average move of +1.0% and a median of +1.8%. Past seasonal patterns are not a reliable guide to any single year.
Did gold beat stocks in December 2003?
No. Gold was +4.8% for the month, against +5.2% for the S&P 500 with dividends.
Did gold keep up with inflation in December 2003?
US consumer prices (CPI) changed −0.11% in December, so gold's real (inflation-adjusted) change was about +4.9%.
Cite this page
For essays, articles and research. Prices on this page update daily, so the citations include today's date as the date you accessed it.
@misc{corgano2026goldpriceindecember, author = {{Corgano}}, title = {Gold Price in December 2003}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2003/december}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}