Distance from the record
This close sat 2.93% below the highest gold close recorded up to that date, set on 2002-06-04.
Loading…
This page is a historical record of the gold price in 8 October 2002, not the current price.See today's gold price (11 September 2026)
Gold closed at $318.20 per troy ounce on 8 October 2002, down $3.700 (1.15%) from the previous close of $321.90.
This close sat 2.93% 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 $292.40, making this a +8.82% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $318.20 per troy ounce on 8 October 2002. That is $3.70 lower than the previous close of $321.90, a move of -1.15%.
The gold price fell on 8 October 2002, losing $3.70 (1.15%) against the previous session's close of $321.90.
At $318.20 per troy ounce, one gram of pure gold was worth about $10.23 on 8 October 2002. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 October 2002 18k gold was worth about $7.67 per gram and 14k about $5.97 per gram, against $10.23 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 73.0 on 8 October 2002, meaning one ounce of gold was worth roughly 73.0 ounces of silver.
It closed 2.93% below the highest close on record up to that date, which was set on 2002-06-04.