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Gold ranged between $282.10 and $326.50 per troy ounce during 2002, averaging $308.07 across 10 trading days. It finished the period at $316.80, up 13.67% from $278.70.
Metal value only, before dealer margins and fabrication.
The strongest session of 2002 was 1 May 2002 at +5.70%, and the weakest 1 June 2002 at -3.98%.
Twelve months earlier gold traded around $278.70, making this a +13.67% move year on year.
| Date | Close (USD/oz) | Change |
|---|---|---|
| 1 January 2002 | $282.10 | +$3.400 |
| 1 February 2002 | $296.70 | +$14.60 |
| 1 March 2002 | $302.60 | +$5.900 |
| 1 April 2002 | $308.90 | +$6.300 |
| 1 May 2002 | $326.50 | +$17.60 |
| 1 June 2002 | $313.50 | −$13.00 |
| 1 July 2002 | $303.20 | −$10.30 |
| 1 August 2002 | $312.40 | +$9.200 |
| 1 October 2002 | $318.00 | +$5.600 |
| 1 November 2002 | $316.80 | −$1.200 |
Source: Yahoo Finance (COMEX futures). Figures are indicative reference prices, not trading quotes.
Figures in this section are shown in USD, independent of the currency selected above.
Gold finished 2002 at $316.80 per troy ounce, having risen $38.10 (13.67%) over the year. It has traded between $282.10 and $326.50 across 10 trading days.
The average gold closing price in 2002 was $308.07 per troy ounce, calculated across all 10 trading days in the year.
Gold reached its highest close of 2002 at $326.50 per troy ounce on 1 May 2002.
The lowest gold close in 2002 was $282.10 per troy ounce on 1 January 2002.
Gold rose during 2002. It entered the year at $278.70 and closed at $316.80, a change of 13.67%.
Gold closed higher on 7 sessions and lower on 3 during 2002. The strongest session was 1 May 2002 (+5.70%) and the weakest 1 June 2002 (-3.98%).
Daily closes in 2002 varied with a standard deviation of 3.17% per session, and the peak-to-trough spread across the year was 15.7% ($282.10 to $326.50).
At the 2002 close of $316.80 per troy ounce, gold worked out at about $10.19 per gram and $10,185.36 per kilogram. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio averaged about 67.5 through 2002 and finished the year near 71.8. A higher ratio means silver is cheap relative to gold.
Gold was around $278.70 per troy ounce twelve months before the end of 2002. Closing at $316.80 makes that a gain of 13.7% year on year.