Distance from the record
This close sat 3.23% 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 16 July 2002, not the current price.See today's gold price (11 September 2026)
Gold closed at $317.20 per troy ounce on 16 July 2002, down $2.400 (0.75%) from the previous close of $319.60.
This close sat 3.23% 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 $266.90, making this a +18.85% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $317.20 per troy ounce on 16 July 2002. That is $2.40 lower than the previous close of $319.60, a move of -0.75%.
The gold price fell on 16 July 2002, losing $2.40 (0.75%) against the previous session's close of $319.60.
At $317.20 per troy ounce, one gram of pure gold was worth about $10.20 on 16 July 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 July 2002 18k gold was worth about $7.65 per gram and 14k about $5.95 per gram, against $10.20 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 63.2 on 16 July 2002, meaning one ounce of gold was worth roughly 63.2 ounces of silver.
A year before 16 July 2002, gold was around $266.90 per troy ounce. The close of $317.20 therefore represents a rise of 18.8% over twelve months.
It closed 3.23% below the highest close on record up to that date, which was set on 2002-06-04.