Distance from the record
This close sat 2.93% 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 5 November 2002, not the current price.See today's gold price (11 September 2026)
Gold closed at $318.20 per troy ounce on 5 November 2002, down $0.100 (0.03%) from the previous close of $318.30.
Gold barely moved, closing within 0.03% of the previous session. Flat days are the majority of any price series and are most useful as the baseline the notable days are measured against.
This close sat 2.93% 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 $278.50, making this a +14.25% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $318.20 per troy ounce on 5 November 2002. That is $0.10 lower than the previous close of $318.30, a move of -0.03%.
The gold price fell on 5 November 2002, losing $0.10 (0.03%) against the previous session's close of $318.30.
At $318.20 per troy ounce, one gram of pure gold was worth about $10.23 on 5 November 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 5 November 2002 18k gold was worth about $7.67 per gram and 14k about $5.97 per gram, against $10.23 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 70.9 on 5 November 2002, meaning one ounce of gold was worth roughly 70.9 ounces of silver.
A year before 5 November 2002, gold was around $278.50 per troy ounce. The close of $318.20 therefore represents a rise of 14.3% over twelve months.
It closed 2.93% below the highest close on record up to that date, which was set on 2002-06-04.