Distance from the record
This close sat 2.37% below the highest gold close recorded up to that date, set on 2002-02-08.
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This page is a historical record of the gold price in 27 February 2002, not the current price.See today's gold price (11 September 2026)
Gold closed at $296.30 per troy ounce on 27 February 2002, down $1.700 (0.57%) from the previous close of $298.00.
This close sat 2.37% below the highest gold close recorded up to that date, set on 2002-02-08.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $267.40, making this a +10.81% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $296.30 per troy ounce on 27 February 2002. That is $1.70 lower than the previous close of $298.00, a move of -0.57%.
The gold price fell on 27 February 2002, losing $1.70 (0.57%) against the previous session's close of $298.00.
At $296.30 per troy ounce, one gram of pure gold was worth about $9.53 on 27 February 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 27 February 2002 18k gold was worth about $7.14 per gram and 14k about $5.56 per gram, against $9.53 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 67.0 on 27 February 2002, meaning one ounce of gold was worth roughly 67.0 ounces of silver.
A month before 27 February 2002, gold was around $278.80 per troy ounce, so the close of $296.30 is a gain of 6.3% over the month.
It closed 2.37% below the highest close on record up to that date, which was set on 2002-02-08.