Gold Price in September 2003
In September 2003, gold rose 2.6%, from $375.70 at the end of August to $385.40 per troy ounce on September 30, 2003. The highest close was $387.50 on September 24, 2003, the lowest $372.90 on September 4, 2003, and the average over 21 trading days was $379.37. Today's price is 905.9% higher than the September 2003 close.
Gold ended September higher. What usually happens in October after a higher September →
- Gold rose 2.6% in US dollars in September 2003, leaving it up 10.9% for the year to date.
- Measured in other currencies, the change ranged from −2.4% in JPY to +2.6% in PKR, because exchange rates moved too.
- It did better than silver (+0.5%) and US stocks (−1.1%).
- It closed higher on 10 trading days and lower on 11, with an average daily move of 0.68%.
- At the end of the month it was 0.5% below its highest close since 2000.
- Gold/silver ratio: 73.5 → 75.0.
Gold price chart, September 2003
US dollars per troy ounce · daily closeGold in other currencies, September 2003
| Currency | Change in the month |
|---|---|
| PKR | +2.6% |
| CNY | +2.6% |
| EGP | +2.6% |
| JPY | −2.4% |
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, September 2003
| Asset | Change (USD) |
|---|---|
| Gold | +2.6% |
| Silver | +0.5% |
| S&P 500 (with dividends) | −1.1% |
| US inflation (CPI, month) | +0.33% |
| Gold, year to date (end of September) | +10.9% |
| Gold/silver ratio | 73.5 → 75.0 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, September 2003
Closing price for every trading day.
| Date | Close (USD per oz) | Change | USD per gram |
|---|---|---|---|
| Sep 2Tue | $373.20 | −0.67% | $12.00 |
| Sep 3Wed | $373.90 | +0.19% | $12.02 |
| Sep 4Thu | $372.90 | −0.27% | $11.99 |
| Sep 5Fri | $377.60 | +1.26% | $12.14 |
| Sep 8Mon | $375.10 | −0.66% | $12.06 |
| Sep 9Tue | $381.70 | +1.76% | $12.27 |
| Sep 10Wed | $380.00 | −0.45% | $12.22 |
| Sep 11Thu | $379.70 | −0.08% | $12.21 |
| Sep 12Fri | $375.80 | −1.03% | $12.08 |
| Sep 15Mon | $374.50 | −0.35% | $12.04 |
| Sep 16Tue | $373.50 | −0.27% | $12.01 |
| Sep 17Wed | $376.20 | +0.72% | $12.10 |
| Sep 18Thu | $376.60 | +0.11% | $12.11 |
| Sep 19Fri | $381.80 | +1.38% | $12.28 |
| Sep 22Mon | $387.20 | +1.41% | $12.45 |
| Sep 23Tue | $385.90 | −0.34% | $12.41 |
| Sep 24Wed | $387.50 | +0.41% | $12.46 |
| Sep 25Thu | $385.00 | −0.65% | $12.38 |
| Sep 26Fri | $380.80 | −1.09% | $12.24 |
| Sep 29Mon | $382.40 | +0.42% | $12.29 |
| Sep 30Tue | $385.40 | +0.78% | $12.39 |
How September usually goes for gold
In the 20 years from 2006 to 2025, gold rose in September 8 times out of 20, with an average move of −0.2% and a median of −2.0%. Every September since 1971 →
Gold in September 2003: FAQ
What was the price of gold in September 2003?
Gold traded between $372.90 and $387.50 per troy ounce (daily closes) in September 2003, averaging $379.37. It closed the month at $385.40.
How much did gold go up in September 2003?
Gold rose 2.6%, from $375.70 to $385.40. The biggest daily rise was +1.8% on September 9, 2003 and the biggest fall −1.1% on September 26, 2003.
What was the gold price on September 2, 2003?
Gold closed at $373.20 per troy ounce on September 2, 2003, the first trading day of the month.
Is September usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in September 8 times out of 20, with an average move of −0.2% and a median of −2.0%. Past seasonal patterns are not a reliable guide to any single year.
Did gold beat stocks in September 2003?
Yes. Gold was +2.6% for the month, against −1.1% for the S&P 500 with dividends.
Did gold keep up with inflation in September 2003?
US consumer prices (CPI) changed +0.33% in September, so gold's real (inflation-adjusted) change was about +2.2%.
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{corgano2026goldpriceinseptember, author = {{Corgano}}, title = {Gold Price in September 2003}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2003/september}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}