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 October 2002, not the current price.See today's gold price (11 September 2026)
Highest closing price since 14 October 2002
Gold closed at $317.70 per troy ounce on 29 October 2002, up $2.500 (0.79%) from the previous close of $315.20.
This close extended a run of 3 consecutive sessions of gains. 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 3.08% 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 $279.10, making this a +13.83% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $317.70 per troy ounce on 29 October 2002. That is $2.50 higher than the previous close of $315.20, a move of 0.79%.
The gold price rose on 29 October 2002, gaining $2.50 (0.79%) against the previous session's close of $315.20.
At $317.70 per troy ounce, one gram of pure gold was worth about $10.21 on 29 October 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 29 October 2002 18k gold was worth about $7.66 per gram and 14k about $5.96 per gram, against $10.21 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 70.6 on 29 October 2002, meaning one ounce of gold was worth roughly 70.6 ounces of silver.
A year before 29 October 2002, gold was around $279.10 per troy ounce. The close of $317.70 therefore represents a rise of 13.8% over twelve months.
This close was session 3 of a consecutive run of gains. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 3.08% below the highest close on record up to that date, which was set on 2002-06-04.