Distance from the record
This close sat 5.16% below the highest gold close recorded up to that date, set on 2002-06-04.
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This page is a historical record of the gold price in 3 July 2002, not the current price.See today's gold price (11 September 2026)
Gold closed at $310.90 per troy ounce on 3 July 2002, down $1.900 (0.61%) from the previous close of $312.80.
This close sat 5.16% 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 $267.60, making this a +16.18% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $310.90 per troy ounce on 3 July 2002. That is $1.90 lower than the previous close of $312.80, a move of -0.61%.
The gold price fell on 3 July 2002, losing $1.90 (0.61%) against the previous session's close of $312.80.
At $310.90 per troy ounce, one gram of pure gold was worth about $10.00 on 3 July 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 3 July 2002 18k gold was worth about $7.50 per gram and 14k about $5.83 per gram, against $10.00 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 63.0 on 3 July 2002, meaning one ounce of gold was worth roughly 63.0 ounces of silver.
A week before 3 July 2002, gold was around $320.50 per troy ounce, so the close of $310.90 is a loss of 3.0% over the week.
A year before 3 July 2002, gold was around $267.60 per troy ounce. The close of $310.90 therefore represents a rise of 16.2% over twelve months.
It closed 5.16% below the highest close on record up to that date, which was set on 2002-06-04.