Highest so far that month
No earlier session that month closed above this level.
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This page is a historical record of the gold price in 2 July 2002, not the current price.See today's gold price (11 September 2026)
Gold jumps 3.2% in a single session
Gold closed at $312.80 per troy ounce on 2 July 2002, up $9.600 (3.17%) from the previous close of $303.20.
Notable session: moved more than 3% in a session.
This was a 3.17% move in one session — well beyond a typical day for gold. Moves this size are usually a reaction to something specific rather than ordinary drift, so the surrounding news is worth checking alongside the number.
No earlier session that month closed above this level.
This close sat 4.58% 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 $269.40, making this a +16.11% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $312.80 per troy ounce on 2 July 2002. That is $9.60 higher than the previous close of $303.20, a move of 3.17%.
The gold price rose on 2 July 2002, gaining $9.60 (3.17%) against the previous session's close of $303.20.
At $312.80 per troy ounce, one gram of pure gold was worth about $10.06 on 2 July 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 2 July 2002 18k gold was worth about $7.54 per gram and 14k about $5.87 per gram, against $10.06 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 63.4 on 2 July 2002, meaning one ounce of gold was worth roughly 63.4 ounces of silver.
A week before 2 July 2002, gold was around $320.20 per troy ounce, so the close of $312.80 is a loss of 2.3% over the week.
A year before 2 July 2002, gold was around $269.40 per troy ounce. The close of $312.80 therefore represents a rise of 16.1% over twelve months.
It closed 4.58% below the highest close on record up to that date, which was set on 2002-06-04.