Distance from the record
This close sat 7.50% 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 31 July 2002, not the current price.See today's gold price (11 September 2026)
Gold closed at $303.20 per troy ounce on 31 July 2002, down $0.500 (0.16%) from the previous close of $303.70.
This close sat 7.50% 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 $266.20, making this a +13.90% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $303.20 per troy ounce on 31 July 2002. That is $0.50 lower than the previous close of $303.70, a move of -0.16%.
The gold price fell on 31 July 2002, losing $0.50 (0.16%) against the previous session's close of $303.70.
At $303.20 per troy ounce, one gram of pure gold was worth about $9.75 on 31 July 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 31 July 2002 18k gold was worth about $7.31 per gram and 14k about $5.69 per gram, against $9.75 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 66.0 on 31 July 2002, meaning one ounce of gold was worth roughly 66.0 ounces of silver.
A week before 31 July 2002, gold was around $311.50 per troy ounce, so the close of $303.20 is a loss of 2.7% over the week.
A year before 31 July 2002, gold was around $266.20 per troy ounce. The close of $303.20 therefore represents a rise of 13.9% over twelve months.
It closed 7.50% below the highest close on record up to that date, which was set on 2002-06-04.