Distance from the record
This close sat 1.12% below the highest gold close recorded up to that date, set on 2002-05-03.
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This page is a historical record of the gold price in 15 May 2002, not the current price.See today's gold price (11 September 2026)
Gold closed at $308.70 per troy ounce on 15 May 2002, up $1.400 (0.46%) from the previous close of $307.30.
This close sat 1.12% below the highest gold close recorded up to that date, set on 2002-05-03.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $268.10, making this a +15.14% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $308.70 per troy ounce on 15 May 2002. That is $1.40 higher than the previous close of $307.30, a move of 0.46%.
The gold price rose on 15 May 2002, gaining $1.40 (0.46%) against the previous session's close of $307.30.
At $308.70 per troy ounce, one gram of pure gold was worth about $9.92 on 15 May 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 15 May 2002 18k gold was worth about $7.44 per gram and 14k about $5.79 per gram, against $9.92 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 66.7 on 15 May 2002, meaning one ounce of gold was worth roughly 66.7 ounces of silver.
A year before 15 May 2002, gold was around $268.10 per troy ounce. The close of $308.70 therefore represents a rise of 15.1% over twelve months.
It closed 1.12% below the highest close on record up to that date, which was set on 2002-05-03.