Gold price in February 2003: daily prices, high, low and change
Gold closed February 2003 at $350.20 an ounce, down 4.91% on the month. The highest close was $379.00 on 4 Feb and the lowest $344.20 on 18 Feb. Every trading day below, with ranks and context computed from COMEX data.
Gold price chart, February 2003 (daily close and high-low range, US$ per ounce)
Gold line = daily settlement; bars = intraday high to low where available; dashed line = January 2003 close ($368.30).
Daily gold prices in February 2003 (19 trading days)
| Date | Open | High | Low | Close | Change | % change |
|---|---|---|---|---|---|---|
| Mon 3 Feb | $368.00 | $372.00 | $368.00 | $370.80 | +$2.50 | +0.68% |
| Tue 4 Feb best day | $371.40 | $379.50 | $371.20 | $379.00 | +$8.20 | +2.21% |
| Wed 5 Feb | $379.00 | $388.90 | $374.00 | $376.40 | −$2.60 | −0.69% |
| Thu 6 Feb | $370.00 | $377.00 | $368.40 | $370.10 | −$6.30 | −1.67% |
| Fri 7 Feb | $370.50 | $374.50 | $367.50 | $369.90 | −$0.20 | −0.05% |
| Mon 10 Feb | $370.40 | $372.00 | $363.70 | $363.70 | −$6.20 | −1.68% |
| Tue 11 Feb | $363.20 | $365.40 | $361.80 | $362.50 | −$1.20 | −0.33% |
| Wed 12 Feb worst day | $363.80 | $364.60 | $352.60 | $352.60 | −$9.90 | −2.73% |
| Thu 13 Feb | $352.40 | $359.00 | $349.00 | $357.40 | +$4.80 | +1.36% |
| Fri 14 Feb | $354.90 | $357.60 | $349.90 | $351.90 | −$5.50 | −1.54% |
| Tue 18 Feb | $347.80 | $348.00 | $342.00 | $344.20 | −$7.70 | −2.19% |
| Wed 19 Feb | $344.00 | $350.00 | $344.00 | $349.90 | +$5.70 | +1.66% |
| Thu 20 Feb | $351.70 | $355.00 | $350.00 | $353.10 | +$3.20 | +0.91% |
| Fri 21 Feb | $352.50 | $353.80 | $351.80 | $351.80 | −$1.30 | −0.37% |
| Mon 24 Feb | $353.90 | $358.00 | $353.00 | $356.30 | +$4.50 | +1.28% |
| Tue 25 Feb | $357.40 | $359.00 | $352.00 | $352.30 | −$4.00 | −1.12% |
| Wed 26 Feb | $353.00 | $356.00 | $351.50 | $354.00 | +$1.70 | +0.48% |
| Thu 27 Feb | — | — | — | $346.10 | −$7.90 | −2.23% |
| Fri 28 Feb | — | — | — | $350.20 | +$4.10 | +1.18% |
Close = COMEX gold futures settlement in US dollars per troy ounce; change is against the previous trading day's close. Open, high and low are shown as — on 2 days where the source has no usable intraday data (common before 2012, when the front-month contract traded thinly in the data feed).
Monthly open, high, low and close
| February 2003 | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| Settlements | $370.80 | $379.00 | $344.20 | $350.20 | −4.91% |
| Intraday | $368.00 | $388.90 5 Feb | $342.00 18 Feb | $350.20 | — |
Settlements: first, highest, lowest and last daily close of the month (the basis used on the 2003 page and the monthly returns heatmap). Intraday: the highest and lowest traded prices in the daily bars.
Source: COMEX gold futures (GC=F) daily settlements and intraday bars via Yahoo Finance; US CPI (FRED CPIAUCSL) for the inflation adjustment; World Bank Pink Sheet for the monthly London average. Figures are final settlements; sources may occasionally revise historical data.
Gold in February 2003: summary
It was the steepest monthly fall in the daily record, which starts in August 2000. Gold lost ground 4.91% in February 2003, from $368.30 at the end of January 2003 to $350.20 an ounce. Settlement prices ranged from $344.20 on 18 February 2003 to $379.00 on 4 February 2003, a spread of $34.80 (9.4%), wider than the 5.2% average of the previous 12 months. Gold closed higher on 8 of 19 trading days and lower on 11; the strongest session was 4 February 2003 (+2.21%) and the weakest 12 February 2003 (−2.73%).
How February 2003 compares
- Against other Februaries: at −4.91%, February 2003 ranks 23rd of 26 Februaries since 2001 (best first).
- Against every month: it ranks 281st of 313 months since September 2000, better than 10% of them.
- Range: the gap between the highest and lowest close was $34.80, or 9.4% of the opening level, 1.8× the 5.2% average of the previous 12 months.
- Daily moves: the average day moved 1.28% (up or down), against 0.66% over the previous 12 months, so February 2003 was more volatile than usual.
- Streaks: the longest run of higher closes was 2 days and the longest run of lower closes 6 days.
- Bigger picture: at the month-end close gold was +0.75% for 2003 to the end of February and +18.03% over 12 months (against the February 2002 close of $296.70).
- Average price: the mean of the 19 daily closes was $358.54; the World Bank's monthly average of the London (LBMA) price was $359.00.
Across the other 25 completed Februaries since 2001, gold averaged +1.48% and rose in 15 of them (60%). February 2003 lagged that average by 6.4 percentage points. The gold seasonality tool shows the same statistics for every calendar month, and the monthly returns heatmap lays out all Februaries side by side.
February 2003 in today's dollars
Adjusted for US consumer-price inflation, the $350.20 closing price equals about $641 in September 2026 dollars (CPI 183.6 in February 2003 against 336.3 in September 2026, FRED series CPIAUCSL), 83% more than the nominal figure. The gold price history hub restates every year's close on the same basis, and the all-time-high tracker lists every record close in nominal dollars.
Gold price by month in 2003
The gold price in 2003 page has the year's open, high, low and close, and the monthly archive on the gold price history hub explains how these month pages are built.
Frequently asked questions
What was the gold price in February 2003?
Gold closed February 2003 at $350.20 an ounce (COMEX settlement). It opened the month at $370.80 and averaged $358.54 across 19 trading days; the World Bank’s London average for the month was $359.00.
Did gold go up in February 2003?
No. Gold was down 4.91% in February 2003, from $368.30 at the end of January 2003 to $350.20. It closed higher on 8 of 19 days. Among Februaries since 2001 it ranks 23rd of 26 (best first).
What was the highest gold price in February 2003?
The highest close was $379.00 on 4 February 2003. The highest intraday price in the daily bars was $388.90 on 5 February 2003.
What was the lowest gold price in February 2003?
The lowest close was $344.20 on 18 February 2003, $34.80 (9.4%) below the month’s highest close. The lowest intraday price was $342.00 on 18 February 2003.
Educational information only, not financial advice and not a forecast. Past prices do not predict future prices. See our risk disclaimer and editorial policy.