Distance from the record
This close sat 2.04% 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 October 2002, not the current price.See today's gold price (11 September 2026)
Gold closed at $321.10 per troy ounce on 3 October 2002, down $0.400 (0.12%) from the previous close of $321.50.
Gold barely moved, closing within 0.12% of the previous session. Flat days are the majority of any price series and are most useful as the baseline the notable days are measured against.
This close sat 2.04% 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 $290.50, making this a +10.53% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $321.10 per troy ounce on 3 October 2002. That is $0.40 lower than the previous close of $321.50, a move of -0.12%.
The gold price fell on 3 October 2002, losing $0.40 (0.12%) against the previous session's close of $321.50.
At $321.10 per troy ounce, one gram of pure gold was worth about $10.32 on 3 October 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 3 October 2002 18k gold was worth about $7.74 per gram and 14k about $6.02 per gram, against $10.32 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 71.8 on 3 October 2002, meaning one ounce of gold was worth roughly 71.8 ounces of silver.
It closed 2.04% below the highest close on record up to that date, which was set on 2002-06-04.