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Lowest closing price since 1 August 2002
Gold closed at $316.80 per troy ounce on 1 November 2002, down $1.200 (0.38%) from the previous close of $318.00.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $273.90, making this a +15.66% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $316.80 per troy ounce on 1 November 2002. That is $1.20 lower than the previous close of $318.00, a move of -0.38%.
The gold price fell on 1 November 2002, losing $1.20 (0.38%) against the previous session's close of $318.00.
At $316.80 per troy ounce, one gram of pure gold was worth about $10.19 on 1 November 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 November 2002 18k gold was worth about $7.64 per gram and 14k about $5.94 per gram, against $10.19 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 71.8 on 1 November 2002, meaning one ounce of gold was worth roughly 71.8 ounces of silver.
A week before 1 November 2002, gold was around $318.00 per troy ounce, so the close of $316.80 is a loss of 0.4% over the week.
A month before 1 November 2002, gold was around $318.00 per troy ounce, so the close of $316.80 is a loss of 0.4% over the month.
A year before 1 November 2002, gold was around $273.90 per troy ounce. The close of $316.80 therefore represents a rise of 15.7% over twelve months.