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 October 2001, not the current price.See today's gold price (11 September 2026)
Gold jumps 3.7% in a single session
Gold closed at $289.90 per troy ounce on 2 October 2001, up $10.40 (3.72%) from the previous close of $279.50.
Notable session: moved more than 3% in a session.
This was a 3.72% 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 1.16% below the highest gold close recorded up to that date, set on 2001-09-26.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $273.10, making this a +6.15% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $289.90 per troy ounce on 2 October 2001. That is $10.40 higher than the previous close of $279.50, a move of 3.72%.
The gold price rose on 2 October 2001, gaining $10.40 (3.72%) against the previous session's close of $279.50.
At $289.90 per troy ounce, one gram of pure gold was worth about $9.32 on 2 October 2001. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 2 October 2001 18k gold was worth about $6.99 per gram and 14k about $5.44 per gram, against $9.32 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 62.7 on 2 October 2001, meaning one ounce of gold was worth roughly 62.7 ounces of silver.
A month before 2 October 2001, gold was around $274.40 per troy ounce, so the close of $289.90 is a gain of 5.6% over the month.
It closed 1.16% below the highest close on record up to that date, which was set on 2001-09-26.