Distance from the record
This close sat 4.64% 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 15 October 2002, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 30 August 2002
Gold closed at $312.60 per troy ounce on 15 October 2002, down $5.200 (1.64%) from the previous close of $317.80.
Gold moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
This close sat 4.64% 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 $282.10, making this a +10.81% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $312.60 per troy ounce on 15 October 2002. That is $5.20 lower than the previous close of $317.80, a move of -1.64%.
The gold price fell on 15 October 2002, losing $5.20 (1.64%) against the previous session's close of $317.80.
At $312.60 per troy ounce, one gram of pure gold was worth about $10.05 on 15 October 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 15 October 2002 18k gold was worth about $7.54 per gram and 14k about $5.86 per gram, against $10.05 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 72.5 on 15 October 2002, meaning one ounce of gold was worth roughly 72.5 ounces of silver.
It closed 4.64% below the highest close on record up to that date, which was set on 2002-06-04.