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Highest closing price since 1 May 2002
Gold closed at $318.00 per troy ounce on 1 October 2002, up $5.600 (1.79%) from the previous close of $312.40.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $279.50, making this a +13.77% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $318.00 per troy ounce on 1 October 2002. That is $5.60 higher than the previous close of $312.40, a move of 1.79%.
The gold price rose on 1 October 2002, gaining $5.60 (1.79%) against the previous session's close of $312.40.
At $318.00 per troy ounce, one gram of pure gold was worth about $10.22 on 1 October 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 October 2002 18k gold was worth about $7.67 per gram and 14k about $5.96 per gram, against $10.22 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 70.7 on 1 October 2002, meaning one ounce of gold was worth roughly 70.7 ounces of silver.
A week before 1 October 2002, gold was around $312.40 per troy ounce, so the close of $318.00 is a gain of 1.8% over the week.
A month before 1 October 2002, gold was around $312.40 per troy ounce, so the close of $318.00 is a gain of 1.8% over the month.
A year before 1 October 2002, gold was around $279.50 per troy ounce. The close of $318.00 therefore represents a rise of 13.8% over twelve months.