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 29 August 2002, not the current price.See today's gold price (11 September 2026)
Highest closing price since 16 August 2002
Gold closed at $312.90 per troy ounce on 29 August 2002, up $3.500 (1.13%) from the previous close of $309.40.
Gold moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
This was the strongest close of the week up to that point.
This close sat 4.55% 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 $273.70, making this a +14.32% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $312.90 per troy ounce on 29 August 2002. That is $3.50 higher than the previous close of $309.40, a move of 1.13%.
The gold price rose on 29 August 2002, gaining $3.50 (1.13%) against the previous session's close of $309.40.
At $312.90 per troy ounce, one gram of pure gold was worth about $10.06 on 29 August 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 29 August 2002 18k gold was worth about $7.54 per gram and 14k about $5.87 per gram, against $10.06 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 69.1 on 29 August 2002, meaning one ounce of gold was worth roughly 69.1 ounces of silver.
A week before 29 August 2002, gold was around $306.60 per troy ounce, so the close of $312.90 is a gain of 2.1% over the week.
A year before 29 August 2002, gold was around $273.70 per troy ounce. The close of $312.90 therefore represents a rise of 14.3% over twelve months.
It closed 4.55% below the highest close on record up to that date, which was set on 2002-06-04.