Gold Price in May 2003
In May 2003, gold rose 7.5%, from $339.10 at the end of April to $364.50 per troy ounce on May 30, 2003. The highest close was $372.00 on May 21, 2003, the lowest $341.00 on May 2, 2003, and the average over 21 trading days was $355.93. Today's price is 996.2% higher than the May 2003 close.
- Gold rose 7.5% in US dollars in May 2003, leaving it up 4.9% for the year to date.
- Measured in other currencies, the change ranged from +7.5% in EGP to +7.9% in JPY, because exchange rates moved too.
- It did better than silver (−2.4%) and US stocks (+5.3%).
- It closed higher on 14 trading days and lower on 7, with an average daily move of 0.76%.
- At the end of the month it was 3.8% below its highest close since 2000.
- Gold/silver ratio: 73.1 → 80.5.
Gold price chart, May 2003
US dollars per troy ounce · daily closeGold in other currencies, May 2003
| Currency | Change in the month |
|---|---|
| JPY | +7.9% |
| PKR | +7.5% |
| CNY | +7.5% |
| EGP | +7.5% |
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, May 2003
| Asset | Change (USD) |
|---|---|
| Gold | +7.5% |
| Silver | −2.4% |
| S&P 500 (with dividends) | +5.3% |
| US inflation (CPI, month) | −0.16% |
| Gold, year to date (end of May) | +4.9% |
| Gold/silver ratio | 73.1 → 80.5 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, May 2003
Closing price for every trading day.
| Date | Close (USD per oz) | Change | USD per gram |
|---|---|---|---|
| May 1Thu | $342.10 | +0.88% | $11.00 |
| May 2Fri | $341.00 | −0.32% | $10.96 |
| May 5Mon | $342.30 | +0.38% | $11.01 |
| May 6Tue | $342.50 | +0.06% | $11.01 |
| May 7Wed | $341.90 | −0.18% | $10.99 |
| May 8Thu | $348.40 | +1.90% | $11.20 |
| May 9Fri | $348.60 | +0.06% | $11.21 |
| May 12Mon | $351.60 | +0.86% | $11.30 |
| May 13Tue | $350.00 | −0.46% | $11.25 |
| May 14Wed | $352.30 | +0.66% | $11.33 |
| May 15Thu | $352.60 | +0.09% | $11.34 |
| May 16Fri | $354.70 | +0.60% | $11.40 |
| May 19Mon | $364.20 | +2.68% | $11.71 |
| May 20Tue | $366.30 | +0.58% | $11.78 |
| May 21Wed | $372.00 | +1.56% | $11.96 |
| May 22Thu | $368.10 | −1.05% | $11.83 |
| May 23Fri | $368.80 | +0.19% | $11.86 |
| May 27Tue | $367.80 | −0.27% | $11.83 |
| May 28Wed | $365.20 | −0.71% | $11.74 |
| May 29Thu | $369.60 | +1.20% | $11.88 |
| May 30Fri | $364.50 | −1.38% | $11.72 |
How May usually goes for gold
In the 20 years from 2006 to 2025, gold rose in May 9 times out of 20, with an average move of −0.2% and a median of −1.1%.
Gold in May 2003: FAQ
What was the price of gold in May 2003?
Gold traded between $341.00 and $372.00 per troy ounce (daily closes) in May 2003, averaging $355.93. It closed the month at $364.50.
How much did gold go up in May 2003?
Gold rose 7.5%, from $339.10 to $364.50. The biggest daily rise was +2.7% on May 19, 2003 and the biggest fall −1.4% on May 30, 2003.
What was the gold price on May 1, 2003?
Gold closed at $342.10 per troy ounce on May 1, 2003, the first trading day of the month.
Is May usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in May 9 times out of 20, with an average move of −0.2% and a median of −1.1%. Past seasonal patterns are not a reliable guide to any single year.
Did gold beat stocks in May 2003?
Yes. Gold was +7.5% for the month, against +5.3% for the S&P 500 with dividends.
Did gold keep up with inflation in May 2003?
US consumer prices (CPI) changed −0.16% in May, so gold's real (inflation-adjusted) change was about +7.7%.