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Gold's highest closing price on record
Gold closed at $302.60 per troy ounce on 1 March 2002, up $5.900 (1.99%) from the previous close of $296.70.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $257.90, making this a +17.33% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $302.60 per troy ounce on 1 March 2002. That is $5.90 higher than the previous close of $296.70, a move of 1.99%.
The gold price rose on 1 March 2002, gaining $5.90 (1.99%) against the previous session's close of $296.70.
At $302.60 per troy ounce, one gram of pure gold was worth about $9.73 on 1 March 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 March 2002 18k gold was worth about $7.30 per gram and 14k about $5.68 per gram, against $9.73 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 65.2 on 1 March 2002, meaning one ounce of gold was worth roughly 65.2 ounces of silver.
A week before 1 March 2002, gold was around $296.70 per troy ounce, so the close of $302.60 is a gain of 2.0% over the week.
A month before 1 March 2002, gold was around $296.70 per troy ounce, so the close of $302.60 is a gain of 2.0% over the month.
A year before 1 March 2002, gold was around $257.90 per troy ounce. The close of $302.60 therefore represents a rise of 17.3% over twelve months.