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This page is a historical record of the gold price in 24 May 2002, not the current price.See today's gold price (11 September 2026)
Gold closed at $320.40 per troy ounce on 24 May 2002, down $2.100 (0.65%) from the previous close of $322.50.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $279.10, making this a +14.80% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $320.40 per troy ounce on 24 May 2002. That is $2.10 lower than the previous close of $322.50, a move of -0.65%.
The gold price fell on 24 May 2002, losing $2.10 (0.65%) against the previous session's close of $322.50.
At $320.40 per troy ounce, one gram of pure gold was worth about $10.30 on 24 May 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 24 May 2002 18k gold was worth about $7.73 per gram and 14k about $6.01 per gram, against $10.30 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 66.0 on 24 May 2002, meaning one ounce of gold was worth roughly 66.0 ounces of silver.
A week before 24 May 2002, gold was around $310.60 per troy ounce, so the close of $320.40 is a gain of 3.2% over the week.
A month before 24 May 2002, gold was around $304.30 per troy ounce, so the close of $320.40 is a gain of 5.3% over the month.
A year before 24 May 2002, gold was around $279.10 per troy ounce. The close of $320.40 therefore represents a rise of 14.8% over twelve months.
It closed 0.65% below the highest close on record up to that date, which was set on 2002-05-23.