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Gold's highest closing price on record
Gold closed at $296.70 per troy ounce on 1 February 2002, up $14.60 (5.18%) from the previous close of $282.10.
Notable session: moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $266.80, making this a +11.21% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $296.70 per troy ounce on 1 February 2002. That is $14.60 higher than the previous close of $282.10, a move of 5.18%.
The gold price rose on 1 February 2002, gaining $14.60 (5.18%) against the previous session's close of $282.10.
At $296.70 per troy ounce, one gram of pure gold was worth about $9.54 on 1 February 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 February 2002 18k gold was worth about $7.15 per gram and 14k about $5.56 per gram, against $9.54 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 66.0 on 1 February 2002, meaning one ounce of gold was worth roughly 66.0 ounces of silver.
A week before 1 February 2002, gold was around $282.10 per troy ounce, so the close of $296.70 is a gain of 5.2% over the week.
A month before 1 February 2002, gold was around $282.10 per troy ounce, so the close of $296.70 is a gain of 5.2% over the month.
A year before 1 February 2002, gold was around $266.80 per troy ounce. The close of $296.70 therefore represents a rise of 11.2% over twelve months.