Highest so far that month
No earlier session that month closed above this level.
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This page is a historical record of the gold price in 5 September 2002, not the current price.See today's gold price (11 September 2026)
Highest closing price since 22 July 2002
Gold closed at $318.20 per troy ounce on 5 September 2002, up $3.300 (1.05%) from the previous close of $314.90.
This close extended a run of 3 consecutive sessions of gains. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
No earlier session that month closed above this level.
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 $272.00, making this a +16.99% 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 September 2002. That is $3.30 higher than the previous close of $314.90, a move of 1.05%.
The gold price rose on 5 September 2002, gaining $3.30 (1.05%) against the previous session's close of $314.90.
At $318.20 per troy ounce, one gram of pure gold was worth about $10.23 on 5 September 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 5 September 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 70.5 on 5 September 2002, meaning one ounce of gold was worth roughly 70.5 ounces of silver.
A year before 5 September 2002, gold was around $272.00 per troy ounce. The close of $318.20 therefore represents a rise of 17.0% over twelve months.
This close was session 3 of a consecutive run of gains. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 2.93% below the highest close on record up to that date, which was set on 2002-06-04.