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 6 May 2002, not the current price.See today's gold price (11 September 2026)
Gold closed at $311.20 per troy ounce on 6 May 2002, down $1.000 (0.32%) from the previous close of $312.20.
This was the strongest close of the week up to that point.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $266.10, making this a +16.95% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $311.20 per troy ounce on 6 May 2002. That is $1.00 lower than the previous close of $312.20, a move of -0.32%.
The gold price fell on 6 May 2002, losing $1.00 (0.32%) against the previous session's close of $312.20.
At $311.20 per troy ounce, one gram of pure gold was worth about $10.01 on 6 May 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 6 May 2002 18k gold was worth about $7.50 per gram and 14k about $5.84 per gram, against $10.01 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 67.7 on 6 May 2002, meaning one ounce of gold was worth roughly 67.7 ounces of silver.
A year before 6 May 2002, gold was around $266.10 per troy ounce. The close of $311.20 therefore represents a rise of 16.9% over twelve months.
It closed 0.32% below the highest close on record up to that date, which was set on 2002-05-03.