Distance from the record
This close sat 3.42% below the highest gold close recorded up to that date, set on 2002-06-04.
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This page is a historical record of the gold price in 11 September 2002, not the current price.See today's gold price (11 September 2026)
Gold closed at $316.60 per troy ounce on 11 September 2002, down $1.300 (0.41%) from the previous close of $317.90.
This close sat 3.42% below the highest gold close recorded up to that date, set on 2002-06-04.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $271.60, making this a +16.57% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $316.60 per troy ounce on 11 September 2002. That is $1.30 lower than the previous close of $317.90, a move of -0.41%.
The gold price fell on 11 September 2002, losing $1.30 (0.41%) against the previous session's close of $317.90.
At $316.60 per troy ounce, one gram of pure gold was worth about $10.18 on 11 September 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 11 September 2002 18k gold was worth about $7.63 per gram and 14k about $5.94 per gram, against $10.18 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 69.7 on 11 September 2002, meaning one ounce of gold was worth roughly 69.7 ounces of silver.
A year before 11 September 2002, gold was around $271.60 per troy ounce. The close of $316.60 therefore represents a rise of 16.6% over twelve months.
It closed 3.42% below the highest close on record up to that date, which was set on 2002-06-04.