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Gold's highest closing price on record
Gold closed at $326.50 per troy ounce on 1 May 2002, up $17.60 (5.70%) from the previous close of $308.90.
Notable session: highest close of the year; moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $265.30, making this a +23.07% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $326.50 per troy ounce on 1 May 2002. That is $17.60 higher than the previous close of $308.90, a move of 5.70%.
The gold price rose on 1 May 2002, gaining $17.60 (5.70%) against the previous session's close of $308.90.
At $326.50 per troy ounce, one gram of pure gold was worth about $10.50 on 1 May 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 May 2002 18k gold was worth about $7.87 per gram and 14k about $6.12 per gram, against $10.50 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 65.0 on 1 May 2002, meaning one ounce of gold was worth roughly 65.0 ounces of silver.
A week before 1 May 2002, gold was around $308.90 per troy ounce, so the close of $326.50 is a gain of 5.7% over the week.
A month before 1 May 2002, gold was around $308.90 per troy ounce, so the close of $326.50 is a gain of 5.7% over the month.
A year before 1 May 2002, gold was around $265.30 per troy ounce. The close of $326.50 therefore represents a rise of 23.1% over twelve months.