Gold price archive · USD per troy ounce
Gold Price 2002
In 2002, gold closed between $278.10 and $349.20 per ounce, a change of +24.72% for the year.
- Open
- $278.90
- High close
- $349.20
- Low close
- $278.10
- Close
- $347.60
- Average
- $310.48
- Vs. 2001
- +24.72%
Gold prices by month, 2002
| Month | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| January | $278.90 | $287.40 | $278.10 | $282.10 | +1.22% |
| February | $286.00 | $303.50 | $286.00 | $296.70 | +5.18% |
| March | $298.00 | $302.60 | $289.90 | $302.60 | +1.99% |
| April | $303.20 | $311.60 | $298.80 | $308.90 | +2.08% |
| May | $309.10 | $326.50 | $307.30 | $326.50 | +5.70% |
| June | $326.70 | $327.80 | $313.50 | $313.50 | −3.98% |
| July | $314.00 | $323.90 | $302.50 | $303.20 | −3.29% |
| August | $304.00 | $314.30 | $304.00 | $312.40 | +3.03% |
| September | $313.40 | $325.90 | $313.40 | $323.90 | +3.68% |
| October | $320.90 | $322.10 | $310.70 | $318.00 | −1.82% |
| November | $318.80 | $324.50 | $316.80 | $316.80 | −0.38% |
| December | $317.60 | $349.20 | $317.60 | $347.60 | +9.72% |
Closing prices of the front-month COMEX gold futures contract. Intraday highs and lows are not included.
Gold in 2002: the year in review
A weakening dollar and falling stock prices after the dot-com crash pushed gold back above $300 for a sustained period. Mining companies that had sold future production in advance began buying back those hedges, which added demand.
In 2002, gold rose 24.7%. Its highest close, $349.20, came on December 27, and its lowest, $278.10, on January 24.
Gold finished higher in 8 of 12 months. The strongest month was December (+9.72%) and the weakest was June (−3.98%). The largest single-day gain of the year was 3.1% on February 5, and the largest drop was 3.4% on July 23.
Gold closed at a new all-time high on 26 trading days in 2002. Every record-setting year since 2000 is listed on the gold all-time high page.
Figures use daily closing prices of the front-month COMEX gold futures contract, U.S. Eastern Time. See how we calculate prices.
Gold price 2002 questions
What was the price of gold in 2002?
Gold traded between $278.10 and $349.20 per troy ounce in 2002, based on daily closing prices. It closed the period at $347.60, and the average close was $310.48.
Did gold go up or down in 2002?
Gold rose 24.72% from the previous year-end close.
How does 2002 compare with a year earlier?
The year-end close of $347.60 is 24.7% higher than 2001.