Distance from the record
This close sat 4.61% 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 23 July 2002, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 8 July 2002
Gold closed at $312.70 per troy ounce on 23 July 2002, down $10.90 (3.37%) from the previous close of $323.60.
Notable session: moved more than 3% in a session.
Gold lost 3.37% in one session, far more than a normal day's range. Falls this size rarely happen in isolation — the days on either side give the move its context.
This close sat 4.61% 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 $268.80, making this a +16.33% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $312.70 per troy ounce on 23 July 2002. That is $10.90 lower than the previous close of $323.60, a move of -3.37%.
The gold price fell on 23 July 2002, losing $10.90 (3.37%) against the previous session's close of $323.60.
At $312.70 per troy ounce, one gram of pure gold was worth about $10.05 on 23 July 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 23 July 2002 18k gold was worth about $7.54 per gram and 14k about $5.86 per gram, against $10.05 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 64.2 on 23 July 2002, meaning one ounce of gold was worth roughly 64.2 ounces of silver.
A year before 23 July 2002, gold was around $268.80 per troy ounce. The close of $312.70 therefore represents a rise of 16.3% over twelve months.
It closed 4.61% below the highest close on record up to that date, which was set on 2002-06-04.