Distance from the record
This close sat 6.47% below the highest gold close recorded up to that date, set on 2002-06-04.
Loading…
This page is a historical record of the gold price in 22 August 2002, not the current price.See today's gold price (11 September 2026)
Gold closed at $306.60 per troy ounce on 22 August 2002, down $1.000 (0.33%) from the previous close of $307.60.
This close sat 6.47% 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 $274.90, making this a +11.53% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $306.60 per troy ounce on 22 August 2002. That is $1.00 lower than the previous close of $307.60, a move of -0.33%.
The gold price fell on 22 August 2002, losing $1.00 (0.33%) against the previous session's close of $307.60.
At $306.60 per troy ounce, one gram of pure gold was worth about $9.86 on 22 August 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 22 August 2002 18k gold was worth about $7.39 per gram and 14k about $5.75 per gram, against $9.86 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 68.7 on 22 August 2002, meaning one ounce of gold was worth roughly 68.7 ounces of silver.
A week before 22 August 2002, gold was around $314.30 per troy ounce, so the close of $306.60 is a loss of 2.4% over the week.
A month before 22 August 2002, gold was around $323.60 per troy ounce, so the close of $306.60 is a loss of 5.3% over the month.
It closed 6.47% below the highest close on record up to that date, which was set on 2002-06-04.