Distance from the record
This close sat 1.56% below the highest gold close recorded up to that date, set on 2002-12-19.
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This page is a historical record of the gold price in 20 December 2002, not the current price.See today's gold price (11 September 2026)
Gold closed at $340.50 per troy ounce on 20 December 2002, down $5.400 (1.56%) from the previous close of $345.90.
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 1.56% below the highest gold close recorded up to that date, set on 2002-12-19.
One of the ten highest gold closes of that year, ranking 9 of 250 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $276.00, making this a +23.37% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $340.50 per troy ounce on 20 December 2002. That is $5.40 lower than the previous close of $345.90, a move of -1.56%.
The gold price fell on 20 December 2002, losing $5.40 (1.56%) against the previous session's close of $345.90.
At $340.50 per troy ounce, one gram of pure gold was worth about $10.95 on 20 December 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 20 December 2002 18k gold was worth about $8.21 per gram and 14k about $6.39 per gram, against $10.95 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 73.5 on 20 December 2002, meaning one ounce of gold was worth roughly 73.5 ounces of silver.
A week before 20 December 2002, gold was around $333.20 per troy ounce, so the close of $340.50 is a gain of 2.2% over the week.
A month before 20 December 2002, gold was around $317.40 per troy ounce, so the close of $340.50 is a gain of 7.3% over the month.
A year before 20 December 2002, gold was around $276.00 per troy ounce. The close of $340.50 therefore represents a rise of 23.4% over twelve months.
It closed 1.56% below the highest close on record up to that date, which was set on 2002-12-19.