Distance from the record
This close sat 4.91% below the highest gold close recorded up to that date, set on 2001-09-26.
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This page is a historical record of the gold price in 2 January 2002, not the current price.See today's gold price (11 September 2026)
Gold closed at $278.90 per troy ounce on 2 January 2002, down $3.200 (1.13%) from the previous close of $282.10.
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 4.91% below the highest gold close recorded up to that date, set on 2001-09-26.
One of the ten lowest gold closes of that year, ranking 242 of 250 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $268.40, making this a +3.91% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $278.90 per troy ounce on 2 January 2002. That is $3.20 lower than the previous close of $282.10, a move of -1.13%.
The gold price fell on 2 January 2002, losing $3.20 (1.13%) against the previous session's close of $282.10.
At $278.90 per troy ounce, one gram of pure gold was worth about $8.97 on 2 January 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 2 January 2002 18k gold was worth about $6.73 per gram and 14k about $5.23 per gram, against $8.97 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 61.6 on 2 January 2002, meaning one ounce of gold was worth roughly 61.6 ounces of silver.
It closed 4.91% below the highest close on record up to that date, which was set on 2001-09-26.