Distance from the record
This close sat 5.18% 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 24 January 2002, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 28 December 2001
Gold closed at $278.10 per troy ounce on 24 January 2002, down $0.500 (0.18%) from the previous close of $278.60.
Notable session: lowest close of the year; lowest close of the month.
This close extended a run of 5 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 5.18% 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 250 of 250 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $264.30, making this a +5.22% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $278.10 per troy ounce on 24 January 2002. That is $0.50 lower than the previous close of $278.60, a move of -0.18%.
The gold price fell on 24 January 2002, losing $0.50 (0.18%) against the previous session's close of $278.60.
At $278.10 per troy ounce, one gram of pure gold was worth about $8.94 on 24 January 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 24 January 2002 18k gold was worth about $6.71 per gram and 14k about $5.22 per gram, against $8.94 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 65.2 on 24 January 2002, meaning one ounce of gold was worth roughly 65.2 ounces of silver.
A week before 24 January 2002, gold was around $284.40 per troy ounce, so the close of $278.10 is a loss of 2.2% over the week.
This close was session 5 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 5.18% below the highest close on record up to that date, which was set on 2001-09-26.