Distance from the record
This close sat 5.01% below the highest gold close recorded up to that date, set on 2001-09-26.
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This page is a historical record of the gold price in 23 January 2002, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 7 January 2002
Gold closed at $278.60 per troy ounce on 23 January 2002, down $2.900 (1.03%) from the previous close of $281.50.
This close extended a run of 4 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 5.01% below the highest gold close recorded up to that date, set on 2001-09-26.
One of the ten lowest gold closes of that year, ranking 246 of 250 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $266.10, making this a +4.70% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $278.60 per troy ounce on 23 January 2002. That is $2.90 lower than the previous close of $281.50, a move of -1.03%.
The gold price fell on 23 January 2002, losing $2.90 (1.03%) against the previous session's close of $281.50.
At $278.60 per troy ounce, one gram of pure gold was worth about $8.96 on 23 January 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 23 January 2002 18k gold was worth about $6.72 per gram and 14k about $5.23 per gram, against $8.96 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 65.5 on 23 January 2002, meaning one ounce of gold was worth roughly 65.5 ounces of silver.
A week before 23 January 2002, gold was around $287.30 per troy ounce, so the close of $278.60 is a loss of 3.0% over the week.
This close was session 4 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 5.01% below the highest close on record up to that date, which was set on 2001-09-26.