Distance from the record
This close sat 3.13% below the highest gold close recorded up to that date, set on 2002-02-08.
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This page is a historical record of the gold price in 5 March 2002, not the current price.See today's gold price (11 September 2026)
Gold closed at $294.00 per troy ounce on 5 March 2002, down $2.700 (0.91%) from the previous close of $296.70.
This close sat 3.13% 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 $262.50, making this a +12.00% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $294.00 per troy ounce on 5 March 2002. That is $2.70 lower than the previous close of $296.70, a move of -0.91%.
The gold price fell on 5 March 2002, losing $2.70 (0.91%) against the previous session's close of $296.70.
At $294.00 per troy ounce, one gram of pure gold was worth about $9.45 on 5 March 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 5 March 2002 18k gold was worth about $7.09 per gram and 14k about $5.51 per gram, against $9.45 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 64.7 on 5 March 2002, meaning one ounce of gold was worth roughly 64.7 ounces of silver.
A year before 5 March 2002, gold was around $262.50 per troy ounce. The close of $294.00 therefore represents a rise of 12.0% over twelve months.
It closed 3.13% below the highest close on record up to that date, which was set on 2002-02-08.