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Lowest closing price since 1 April 2002
Gold closed at $313.50 per troy ounce on 1 June 2002, down $13.00 (3.98%) from the previous close of $326.50.
Notable session: moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $270.60, making this a +15.85% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $313.50 per troy ounce on 1 June 2002. That is $13.00 lower than the previous close of $326.50, a move of -3.98%.
The gold price fell on 1 June 2002, losing $13.00 (3.98%) against the previous session's close of $326.50.
At $313.50 per troy ounce, one gram of pure gold was worth about $10.08 on 1 June 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 June 2002 18k gold was worth about $7.56 per gram and 14k about $5.88 per gram, against $10.08 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 64.9 on 1 June 2002, meaning one ounce of gold was worth roughly 64.9 ounces of silver.
A week before 1 June 2002, gold was around $326.50 per troy ounce, so the close of $313.50 is a loss of 4.0% over the week.
A month before 1 June 2002, gold was around $326.50 per troy ounce, so the close of $313.50 is a loss of 4.0% over the month.
A year before 1 June 2002, gold was around $270.60 per troy ounce. The close of $313.50 therefore represents a rise of 15.9% over twelve months.