Highest so far that week
This was the strongest close of the week up to that point.
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This page is a historical record of the gold price in 28 October 2002, not the current price.See today's gold price (11 September 2026)
Highest closing price since 14 October 2002
Gold closed at $315.20 per troy ounce on 28 October 2002, up $1.800 (0.57%) from the previous close of $313.40.
This was the strongest close of the week up to that point.
This close sat 3.84% 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 $277.90, making this a +13.42% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $315.20 per troy ounce on 28 October 2002. That is $1.80 higher than the previous close of $313.40, a move of 0.57%.
The gold price rose on 28 October 2002, gaining $1.80 (0.57%) against the previous session's close of $313.40.
At $315.20 per troy ounce, one gram of pure gold was worth about $10.13 on 28 October 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 28 October 2002 18k gold was worth about $7.60 per gram and 14k about $5.91 per gram, against $10.13 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 71.6 on 28 October 2002, meaning one ounce of gold was worth roughly 71.6 ounces of silver.
A year before 28 October 2002, gold was around $277.90 per troy ounce. The close of $315.20 therefore represents a rise of 13.4% over twelve months.
It closed 3.84% below the highest close on record up to that date, which was set on 2002-06-04.