Distance from the record
This close sat 4.42% below the highest gold close recorded up to that date, set on 2002-02-08.
Loading…
This page is a historical record of the gold price in 7 March 2002, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 4 February 2002
Gold closed at $290.10 per troy ounce on 7 March 2002, down $3.400 (1.16%) from the previous close of $293.50.
This close extended a run of 4 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 4.42% 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 $261.40, making this a +10.98% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $290.10 per troy ounce on 7 March 2002. That is $3.40 lower than the previous close of $293.50, a move of -1.16%.
The gold price fell on 7 March 2002, losing $3.40 (1.16%) against the previous session's close of $293.50.
At $290.10 per troy ounce, one gram of pure gold was worth about $9.33 on 7 March 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 March 2002 18k gold was worth about $7.00 per gram and 14k about $5.44 per gram, against $9.33 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 65.0 on 7 March 2002, meaning one ounce of gold was worth roughly 65.0 ounces of silver.
A week before 7 March 2002, gold was around $296.70 per troy ounce, so the close of $290.10 is a loss of 2.2% over the week.
This close was session 4 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 4.42% below the highest close on record up to that date, which was set on 2002-02-08.