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 31 October 2002, not the current price.See today's gold price (11 September 2026)
Highest closing price since 9 October 2002
Gold closed at $318.00 per troy ounce on 31 October 2002, up $1.500 (0.47%) from the previous close of $316.50.
This was the strongest close of the week up to that point.
This close sat 2.99% 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 $279.50, making this a +13.77% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $318.00 per troy ounce on 31 October 2002. That is $1.50 higher than the previous close of $316.50, a move of 0.47%.
The gold price rose on 31 October 2002, gaining $1.50 (0.47%) against the previous session's close of $316.50.
At $318.00 per troy ounce, one gram of pure gold was worth about $10.22 on 31 October 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 31 October 2002 18k gold was worth about $7.67 per gram and 14k about $5.96 per gram, against $10.22 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 70.7 on 31 October 2002, meaning one ounce of gold was worth roughly 70.7 ounces of silver.
A week before 31 October 2002, gold was around $310.70 per troy ounce, so the close of $318.00 is a gain of 2.3% over the week.
A year before 31 October 2002, gold was around $279.50 per troy ounce. The close of $318.00 therefore represents a rise of 13.8% over twelve months.
It closed 2.99% below the highest close on record up to that date, which was set on 2002-06-04.