Distance from the record
This close sat 1.28% below the highest gold close recorded up to that date, set on 2002-05-03.
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This page is a historical record of the gold price in 8 May 2002, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 25 April 2002
Gold closed at $308.20 per troy ounce on 8 May 2002, down $3.400 (1.09%) from the previous close of $311.60.
Gold moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
This close sat 1.28% below the highest gold close recorded up to that date, set on 2002-05-03.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $265.10, making this a +16.26% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $308.20 per troy ounce on 8 May 2002. That is $3.40 lower than the previous close of $311.60, a move of -1.09%.
The gold price fell on 8 May 2002, losing $3.40 (1.09%) against the previous session's close of $311.60.
At $308.20 per troy ounce, one gram of pure gold was worth about $9.91 on 8 May 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 May 2002 18k gold was worth about $7.43 per gram and 14k about $5.78 per gram, against $9.91 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 67.4 on 8 May 2002, meaning one ounce of gold was worth roughly 67.4 ounces of silver.
A year before 8 May 2002, gold was around $265.10 per troy ounce. The close of $308.20 therefore represents a rise of 16.3% over twelve months.
It closed 1.28% below the highest close on record up to that date, which was set on 2002-05-03.