Distance from the record
This close sat 6.16% below the highest gold close recorded up to that date, set on 2002-06-04.
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This page is a historical record of the gold price in 21 August 2002, not the current price.See today's gold price (11 September 2026)
Gold closed at $307.60 per troy ounce on 21 August 2002, down $1.100 (0.36%) from the previous close of $308.70.
This close sat 6.16% 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 $275.00, making this a +11.85% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $307.60 per troy ounce on 21 August 2002. That is $1.10 lower than the previous close of $308.70, a move of -0.36%.
The gold price fell on 21 August 2002, losing $1.10 (0.36%) against the previous session's close of $308.70.
At $307.60 per troy ounce, one gram of pure gold was worth about $9.89 on 21 August 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 21 August 2002 18k gold was worth about $7.42 per gram and 14k about $5.77 per gram, against $9.89 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 69.6 on 21 August 2002, meaning one ounce of gold was worth roughly 69.6 ounces of silver.
A month before 21 August 2002, gold was around $323.90 per troy ounce, so the close of $307.60 is a loss of 5.0% over the month.
It closed 6.16% below the highest close on record up to that date, which was set on 2002-06-04.