Gold Price in March 2003
In March 2003, gold fell 4.1%, from $350.20 at the end of February to $335.90 per troy ounce on March 31, 2003. The highest close was $356.80 on March 6, 2003, the lowest $326.00 on March 21, 2003, and the average over 21 trading days was $339.92. Today's price is 1,054.1% higher than the March 2003 close.
Gold ended March lower. What usually happens in April after a lower March →
- Gold fell 4.1% in US dollars in March 2003, leaving it down 3.4% for the year to date.
- Measured in other currencies, the change ranged from −4.3% in JPY to −0.6% in EGP, because exchange rates moved too.
- It did worse than silver (−2.7%) and US stocks (+1.0%).
- It closed higher on 9 trading days and lower on 11, with an average daily move of 0.92%.
- At the end of the month it was 11.4% below its highest close since 2000.
- Gold/silver ratio: 76.4 → 75.3.
Gold price chart, March 2003
US dollars per troy ounce · daily closeGold in other currencies, March 2003
| Currency | Change in the month |
|---|---|
| EGP | −0.6% |
| PKR | −4.1% |
| CNY | −4.1% |
| JPY | −4.3% |
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, March 2003
| Asset | Change (USD) |
|---|---|
| Gold | −4.1% |
| Silver | −2.7% |
| S&P 500 (with dividends) | +1.0% |
| US inflation (CPI, month) | +0.60% |
| Gold, year to date (end of March) | −3.4% |
| Gold/silver ratio | 76.4 → 75.3 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Key Events in March 2003
- Thursday, March 20US-led coalition invades Iraq. SourceGold: −1.0% that day
Daily Gold Prices, March 2003
Closing price for every trading day.
| Date | Close (USD per oz) | Change | USD per gram |
|---|---|---|---|
| Mar 3Mon | $349.20 | −0.29% | $11.23 |
| Mar 4Tue | $353.20 | +1.15% | $11.36 |
| Mar 5Wed | $353.10 | −0.03% | $11.35 |
| Mar 6Thu | $356.80 | +1.05% | $11.47 |
| Mar 7Fri | $350.80 | −1.68% | $11.28 |
| Mar 10Mon | $354.70 | +1.11% | $11.40 |
| Mar 11Tue | $350.50 | −1.18% | $11.27 |
| Mar 12Wed | $346.50 | −1.14% | $11.14 |
| Mar 13Thu | $335.90 | −3.06% | $10.80 |
| Mar 14Fri | $336.50 | +0.18% | $10.82 |
| Mar 17Mon | $337.10 | +0.18% | $10.84 |
| Mar 18Tue | $337.60 | +0.15% | $10.85 |
| Mar 19Wed | $336.10 | −0.44% | $10.81 |
| Mar 20Thu | $332.90 | −0.95% | $10.70 |
| Mar 21Fri | $326.00 | −2.07% | $10.48 |
| Mar 24Mon | $329.50 | +1.07% | $10.59 |
| Mar 25Tue | $328.40 | −0.33% | $10.56 |
| Mar 26Wed | $330.30 | +0.58% | $10.62 |
| Mar 27Thu | $328.70 | −0.48% | $10.57 |
| Mar 28Fri | $328.70 | 0.00% | $10.57 |
| Mar 31Mon | $335.90 | +2.19% | $10.80 |
How March usually goes for gold
In the 20 years from 2006 to 2025, gold rose in March 10 times out of 20, with an average move of +0.8% and a median of +0.3%. Every March since 1971 →
Gold in March 2003: FAQ
What was the price of gold in March 2003?
Gold traded between $326.00 and $356.80 per troy ounce (daily closes) in March 2003, averaging $339.92. It closed the month at $335.90.
How much did gold go down in March 2003?
Gold fell 4.1%, from $350.20 to $335.90. The biggest daily rise was +2.2% on March 31, 2003 and the biggest fall −3.1% on March 13, 2003.
What was the gold price on March 3, 2003?
Gold closed at $349.20 per troy ounce on March 3, 2003, the first trading day of the month.
Is March usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in March 10 times out of 20, with an average move of +0.8% and a median of +0.3%. Past seasonal patterns are not a reliable guide to any single year.
Did gold beat stocks in March 2003?
No. Gold was −4.1% for the month, against +1.0% for the S&P 500 with dividends.
Did gold keep up with inflation in March 2003?
US consumer prices (CPI) changed +0.60% in March, so gold's real (inflation-adjusted) change was about −4.7%.
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{corgano2026goldpriceinmarch, author = {{Corgano}}, title = {Gold Price in March 2003}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2003/march}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-11-01}}