Gold Price in February 2003
In February 2003, gold fell 4.9%, from $368.30 at the end of January to $350.20 per troy ounce on February 28, 2003. The highest close was $379.00 on February 4, 2003, the lowest $344.20 on February 18, 2003, and the average over 19 trading days was $358.54. Today's price is 1,007.0% higher than the February 2003 close.
Gold ended February lower. What usually happens in March after a lower February →
- Gold fell 4.9% in US dollars in February 2003, leaving it up 0.7% for the year to date.
- Measured in other currencies, the change ranged from −6.4% in JPY to −0.7% in EGP, because exchange rates moved too.
- It did better than silver (−5.5%), and worse than US stocks (−1.5%).
- It closed higher on 8 trading days and lower on 11, with an average daily move of 1.28%.
- At the end of the month it was 7.6% below its highest close since 2000.
- Gold/silver ratio: 75.9 → 76.4.
Gold price chart, February 2003
US dollars per troy ounce · daily closeGold in other currencies, February 2003
| Currency | Change in the month |
|---|---|
| EGP | −0.7% |
| CNY | −4.9% |
| PKR | −4.9% |
| JPY | −6.4% |
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, February 2003
| Asset | Change (USD) |
|---|---|
| Gold | −4.9% |
| Silver | −5.5% |
| S&P 500 (with dividends) | −1.5% |
| US inflation (CPI, month) | +0.77% |
| Gold, year to date (end of February) | +0.7% |
| Gold/silver ratio | 75.9 → 76.4 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, February 2003
Closing price for every trading day.
| Date | Close (USD per oz) | Change | USD per gram |
|---|---|---|---|
| Feb 3Mon | $370.80 | +0.68% | $11.92 |
| Feb 4Tue | $379.00 | +2.21% | $12.19 |
| Feb 5Wed | $376.40 | −0.69% | $12.10 |
| Feb 6Thu | $370.10 | −1.67% | $11.90 |
| Feb 7Fri | $369.90 | −0.05% | $11.89 |
| Feb 10Mon | $363.70 | −1.68% | $11.69 |
| Feb 11Tue | $362.50 | −0.33% | $11.65 |
| Feb 12Wed | $352.60 | −2.73% | $11.34 |
| Feb 13Thu | $357.40 | +1.36% | $11.49 |
| Feb 14Fri | $351.90 | −1.54% | $11.31 |
| Feb 18Tue | $344.20 | −2.19% | $11.07 |
| Feb 19Wed | $349.90 | +1.66% | $11.25 |
| Feb 20Thu | $353.10 | +0.91% | $11.35 |
| Feb 21Fri | $351.80 | −0.37% | $11.31 |
| Feb 24Mon | $356.30 | +1.28% | $11.46 |
| Feb 25Tue | $352.30 | −1.12% | $11.33 |
| Feb 26Wed | $354.00 | +0.48% | $11.38 |
| Feb 27Thu | $346.10 | −2.23% | $11.13 |
| Feb 28Fri | $350.20 | +1.18% | $11.26 |
How February usually goes for gold
In the 20 years from 2006 to 2025, gold rose in February 11 times out of 20, with an average move of +0.9% and a median of +0.8%. Every February since 1971 →
Gold in February 2003: FAQ
What was the price of gold in February 2003?
Gold traded between $344.20 and $379.00 per troy ounce (daily closes) in February 2003, averaging $358.54. It closed the month at $350.20.
How much did gold go down in February 2003?
Gold fell 4.9%, from $368.30 to $350.20. The biggest daily rise was +2.2% on February 4, 2003 and the biggest fall −2.7% on February 12, 2003.
What was the gold price on February 3, 2003?
Gold closed at $370.80 per troy ounce on February 3, 2003, the first trading day of the month.
Is February usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in February 11 times out of 20, with an average move of +0.9% and a median of +0.8%. Past seasonal patterns are not a reliable guide to any single year.
Did gold beat stocks in February 2003?
No. Gold was −4.9% for the month, against −1.5% for the S&P 500 with dividends.
Did gold keep up with inflation in February 2003?
US consumer prices (CPI) changed +0.77% in February, so gold's real (inflation-adjusted) change was about −5.6%.
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{corgano2026goldpriceinfebruary, author = {{Corgano}}, title = {Gold Price in February 2003}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2003/february}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-11-01}}