Distance from the record
This close sat 5.49% 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 25 July 2002, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 1 July 2002
Gold closed at $309.80 per troy ounce on 25 July 2002, down $1.700 (0.55%) from the previous close of $311.50.
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 5.49% 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 $267.70, making this a +15.73% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $309.80 per troy ounce on 25 July 2002. That is $1.70 lower than the previous close of $311.50, a move of -0.55%.
The gold price fell on 25 July 2002, losing $1.70 (0.55%) against the previous session's close of $311.50.
At $309.80 per troy ounce, one gram of pure gold was worth about $9.96 on 25 July 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 25 July 2002 18k gold was worth about $7.47 per gram and 14k about $5.81 per gram, against $9.96 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 63.9 on 25 July 2002, meaning one ounce of gold was worth roughly 63.9 ounces of silver.
A week before 25 July 2002, gold was around $317.00 per troy ounce, so the close of $309.80 is a loss of 2.3% over the week.
A year before 25 July 2002, gold was around $267.70 per troy ounce. The close of $309.80 therefore represents a rise of 15.7% over twelve months.
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 5.49% below the highest close on record up to that date, which was set on 2002-06-04.