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 March 2002, not the current price.See today's gold price (11 September 2026)
Gold closed at $296.70 per troy ounce on 4 March 2002, down $5.900 (1.95%) from the previous close of $302.60.
Gold moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
This was the strongest close of the week up to that point.
This close sat 2.24% below the highest gold close recorded up to that date, set on 2002-02-08.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $262.10, making this a +13.20% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $296.70 per troy ounce on 4 March 2002. That is $5.90 lower than the previous close of $302.60, a move of -1.95%.
The gold price fell on 4 March 2002, losing $5.90 (1.95%) against the previous session's close of $302.60.
At $296.70 per troy ounce, one gram of pure gold was worth about $9.54 on 4 March 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 4 March 2002 18k gold was worth about $7.15 per gram and 14k about $5.56 per gram, against $9.54 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 64.7 on 4 March 2002, meaning one ounce of gold was worth roughly 64.7 ounces of silver.
A year before 4 March 2002, gold was around $262.10 per troy ounce. The close of $296.70 therefore represents a rise of 13.2% over twelve months.
It closed 2.24% below the highest close on record up to that date, which was set on 2002-02-08.