Distance from the record
This close sat 4.97% 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 24 July 2002, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 3 July 2002
Gold closed at $311.50 per troy ounce on 24 July 2002, down $1.200 (0.38%) from the previous close of $312.70.
This close extended a run of 3 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 4.97% 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 $269.70, making this a +15.50% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $311.50 per troy ounce on 24 July 2002. That is $1.20 lower than the previous close of $312.70, a move of -0.38%.
The gold price fell on 24 July 2002, losing $1.20 (0.38%) against the previous session's close of $312.70.
At $311.50 per troy ounce, one gram of pure gold was worth about $10.01 on 24 July 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 24 July 2002 18k gold was worth about $7.51 per gram and 14k about $5.84 per gram, against $10.01 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 64.2 on 24 July 2002, meaning one ounce of gold was worth roughly 64.2 ounces of silver.
A year before 24 July 2002, gold was around $269.70 per troy ounce. The close of $311.50 therefore represents a rise of 15.5% over twelve months.
This close was session 3 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 4.97% below the highest close on record up to that date, which was set on 2002-06-04.