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 4 February 2002, not the current price.See today's gold price (11 September 2026)
Gold closed at $289.30 per troy ounce on 4 February 2002, down $7.400 (2.49%) from the previous close of $296.70.
Notable session: lowest close of the month.
Gold lost 2.49% in one session, far more than a normal day's range. Falls this size rarely happen in isolation — the days on either side give the move its context.
This was the strongest close of the week up to that point.
This close sat 2.49% below the highest gold close recorded up to that date, set on 2002-02-01.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $267.10, making this a +8.31% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $289.30 per troy ounce on 4 February 2002. That is $7.40 lower than the previous close of $296.70, a move of -2.49%.
The gold price fell on 4 February 2002, losing $7.40 (2.49%) against the previous session's close of $296.70.
At $289.30 per troy ounce, one gram of pure gold was worth about $9.30 on 4 February 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 4 February 2002 18k gold was worth about $6.98 per gram and 14k about $5.43 per gram, against $9.30 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 67.5 on 4 February 2002, meaning one ounce of gold was worth roughly 67.5 ounces of silver.
A week before 4 February 2002, gold was around $278.30 per troy ounce, so the close of $289.30 is a gain of 4.0% over the week.
It closed 2.49% below the highest close on record up to that date, which was set on 2002-02-01.