Highest so far that week
This was the strongest close of the week up to that point.
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This page is a historical record of the gold price in 16 September 2002, not the current price.See today's gold price (11 September 2026)
Gold closed at $317.10 per troy ounce on 16 September 2002, up $0.500 (0.16%) from the previous close of $316.60.
This was the strongest close of the week up to that point.
This close sat 3.26% 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 $290.20, making this a +9.27% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $317.10 per troy ounce on 16 September 2002. That is $0.50 higher than the previous close of $316.60, a move of 0.16%.
The gold price rose on 16 September 2002, gaining $0.50 (0.16%) against the previous session's close of $316.60.
At $317.10 per troy ounce, one gram of pure gold was worth about $10.20 on 16 September 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 September 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 69.7 on 16 September 2002, meaning one ounce of gold was worth roughly 69.7 ounces of silver.
It closed 3.26% below the highest close on record up to that date, which was set on 2002-06-04.