Distance from the record
This close sat 4.61% 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 18 October 2002, not the current price.See today's gold price (11 September 2026)
Gold closed at $312.70 per troy ounce on 18 October 2002, up $1.100 (0.35%) from the previous close of $311.60.
This close sat 4.61% 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 $279.20, making this a +12.00% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $312.70 per troy ounce on 18 October 2002. That is $1.10 higher than the previous close of $311.60, a move of 0.35%.
The gold price rose on 18 October 2002, gaining $1.10 (0.35%) against the previous session's close of $311.60.
At $312.70 per troy ounce, one gram of pure gold was worth about $10.05 on 18 October 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 18 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 71.9 on 18 October 2002, meaning one ounce of gold was worth roughly 71.9 ounces of silver.
It closed 4.61% below the highest close on record up to that date, which was set on 2002-06-04.