Gold Price in November 2003
In November 2003, gold rose 3.2%, from $384.50 at the end of October to $396.80 per troy ounce on November 26, 2003. The highest close was $397.80 on November 14, 2003, the lowest $377.00 on November 3, 2003, and the average over 18 trading days was $389.89. Today's price is 877.0% higher than the November 2003 close.
Gold ended November higher. What usually happens in December after a higher November →
- Gold rose 3.2% in US dollars in November 2003, leaving it up 14.2% for the year to date.
- Measured in other currencies, the change ranged from −0.2% in CHF to +3.2% in CNY, because exchange rates moved too.
- It did better than US stocks (+0.9%), and worse than silver (+5.9%).
- It closed higher on 10 trading days and lower on 8, with an average daily move of 0.90%.
- Gold/silver ratio: 76.0 → 74.1.
Gold price chart, November 2003
US dollars per troy ounce · daily closeGold in other currencies, November 2003
| Currency | Change in the month |
|---|---|
| CNY | +3.2% |
| PKR | +3.2% |
| EGP | +3.2% |
| JPY | +2.3% |
| CAD | +2.2% |
| CHF | −0.2% |
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, November 2003
| Asset | Change (USD) |
|---|---|
| Gold | +3.2% |
| Silver | +5.9% |
| S&P 500 (with dividends) | +0.9% |
| US inflation (CPI, month) | −0.27% |
| Gold, year to date (end of November) | +14.2% |
| Gold/silver ratio | 76.0 → 74.1 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, November 2003
Closing price for every trading day.
| Date | Close (USD per oz) | Change | USD per gram |
|---|---|---|---|
| Nov 3Mon | $377.00 | −1.95% | $12.12 |
| Nov 4Tue | $379.90 | +0.77% | $12.21 |
| Nov 5Wed | $382.60 | +0.71% | $12.30 |
| Nov 6Thu | $380.60 | −0.52% | $12.24 |
| Nov 7Fri | $383.30 | +0.71% | $12.32 |
| Nov 10Mon | $386.60 | +0.86% | $12.43 |
| Nov 11Tue | $388.10 | +0.39% | $12.48 |
| Nov 12Wed | $394.90 | +1.75% | $12.70 |
| Nov 13Thu | $394.10 | −0.20% | $12.67 |
| Nov 14Fri | $397.80 | +0.94% | $12.79 |
| Nov 17Mon | $391.50 | −1.58% | $12.59 |
| Nov 18Tue | $397.60 | +1.56% | $12.78 |
| Nov 19Wed | $394.90 | −0.68% | $12.70 |
| Nov 20Thu | $393.70 | −0.30% | $12.66 |
| Nov 21Fri | $396.00 | +0.58% | $12.73 |
| Nov 24Mon | $391.50 | −1.14% | $12.59 |
| Nov 25Tue | $391.10 | −0.10% | $12.57 |
| Nov 26Wed | $396.80 | +1.46% | $12.76 |
How November usually goes for gold
In the 20 years from 2006 to 2025, gold rose in November 11 times out of 20, with an average move of +1.0% and a median of +0.4%. Every November since 1971 →
Gold in November 2003: FAQ
What was the price of gold in November 2003?
Gold traded between $377.00 and $397.80 per troy ounce (daily closes) in November 2003, averaging $389.89. It closed the month at $396.80.
How much did gold go up in November 2003?
Gold rose 3.2%, from $384.50 to $396.80. The biggest daily rise was +1.8% on November 12, 2003 and the biggest fall −2.0% on November 3, 2003.
What was the gold price on November 3, 2003?
Gold closed at $377.00 per troy ounce on November 3, 2003, the first trading day of the month.
Is November usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in November 11 times out of 20, with an average move of +1.0% and a median of +0.4%. Past seasonal patterns are not a reliable guide to any single year.
Did gold beat stocks in November 2003?
Yes. Gold was +3.2% for the month, against +0.9% for the S&P 500 with dividends.
Did gold keep up with inflation in November 2003?
US consumer prices (CPI) changed −0.27% in November, so gold's real (inflation-adjusted) change was about +3.5%.
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{corgano2026goldpriceinnovember, author = {{Corgano}}, title = {Gold Price in November 2003}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2003/november}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}