Distance from the record
This close sat 3.29% 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 6 March 2002, not the current price.See today's gold price (11 September 2026)
Gold closed at $293.50 per troy ounce on 6 March 2002, down $0.500 (0.17%) from the previous close of $294.00.
This close extended a run of 3 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 3.29% 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 $259.90, making this a +12.93% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $293.50 per troy ounce on 6 March 2002. That is $0.50 lower than the previous close of $294.00, a move of -0.17%.
The gold price fell on 6 March 2002, losing $0.50 (0.17%) against the previous session's close of $294.00.
At $293.50 per troy ounce, one gram of pure gold was worth about $9.44 on 6 March 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 6 March 2002 18k gold was worth about $7.08 per gram and 14k about $5.50 per gram, against $9.44 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 65.0 on 6 March 2002, meaning one ounce of gold was worth roughly 65.0 ounces of silver.
A year before 6 March 2002, gold was around $259.90 per troy ounce. The close of $293.50 therefore represents a rise of 12.9% over twelve months.
This close was session 3 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 3.29% below the highest close on record up to that date, which was set on 2002-02-08.