Highest so far that week
This was the strongest close of the week up to that point.
Loading…
This page is a historical record of the gold price in 29 July 2002, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 19 April 2002
Gold closed at $302.50 per troy ounce on 29 July 2002, down $0.900 (0.30%) from the previous close of $303.40.
Notable session: lowest close of the month.
This close extended a run of 6 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 was the strongest close of the week up to that point.
This close sat 7.72% 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 $267.40, making this a +13.13% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $302.50 per troy ounce on 29 July 2002. That is $0.90 lower than the previous close of $303.40, a move of -0.30%.
The gold price fell on 29 July 2002, losing $0.90 (0.30%) against the previous session's close of $303.40.
At $302.50 per troy ounce, one gram of pure gold was worth about $9.73 on 29 July 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 29 July 2002 18k gold was worth about $7.29 per gram and 14k about $5.67 per gram, against $9.73 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 65.3 on 29 July 2002, meaning one ounce of gold was worth roughly 65.3 ounces of silver.
A week before 29 July 2002, gold was around $323.60 per troy ounce, so the close of $302.50 is a loss of 6.5% over the week.
A year before 29 July 2002, gold was around $267.40 per troy ounce. The close of $302.50 therefore represents a rise of 13.1% over twelve months.
This close was session 6 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 7.72% below the highest close on record up to that date, which was set on 2002-06-04.