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 7 November 2002, not the current price.See today's gold price (11 September 2026)
Highest closing price since 7 October 2002
Gold closed at $320.50 per troy ounce on 7 November 2002, up $3.000 (0.94%) from the previous close of $317.50.
No earlier session that month closed above this level.
This close sat 2.23% 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 $281.00, making this a +14.06% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $320.50 per troy ounce on 7 November 2002. That is $3.00 higher than the previous close of $317.50, a move of 0.94%.
The gold price rose on 7 November 2002, gaining $3.00 (0.94%) against the previous session's close of $317.50.
At $320.50 per troy ounce, one gram of pure gold was worth about $10.30 on 7 November 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 November 2002 18k gold was worth about $7.73 per gram and 14k about $6.01 per gram, against $10.30 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 70.5 on 7 November 2002, meaning one ounce of gold was worth roughly 70.5 ounces of silver.
A year before 7 November 2002, gold was around $281.00 per troy ounce. The close of $320.50 therefore represents a rise of 14.1% over twelve months.
It closed 2.23% below the highest close on record up to that date, which was set on 2002-06-04.