Gold Price in 2002
Gold averaged $310.92 an ounce in 2002, ranging from $278.10 to $349.20, and ended the year up 24.7% at $347.60. The highest close was $349.20 on December 27, 2002 and the lowest $278.10 on January 24, 2002; the year started from $278.70, the close at the end of 2001. Today's price is 1,015.3% above the 2002 close.
Gold price chart, 2002
USD per troy ounce · daily closeMonthly Gold Prices in 2002
Month-end close and range, US dollars per troy ounce. Choose a month for every day's price.
| Month | Close | High | Low | Change |
|---|---|---|---|---|
| January | $282.10 | $287.40 | $278.10 | +1.2% |
| February | $296.70 | $303.50 | $286.00 | +5.2% |
| March | $302.60 | $302.60 | $289.90 | +2.0% |
| April | $309.10 | $311.60 | $298.80 | +2.1% |
| May | $326.50 | $326.50 | $307.30 | +5.6% |
| June | $314.00 | $327.80 | $313.50 | −3.8% |
| July | $304.00 | $323.90 | $302.50 | −3.2% |
| August | $312.40 | $314.30 | $305.50 | +2.8% |
| September | $320.90 | $325.90 | $313.40 | +2.7% |
| October | $318.00 | $322.10 | $310.70 | −0.9% |
| November | $316.80 | $324.50 | $316.80 | −0.4% |
| December | $347.60 | $349.20 | $317.60 | +9.7% |
Gold in 2002 at a Glance
- Gold rose 24.7% in US dollars. In EGP terms it rose 25.8%, and in JPY terms it rose 12.4% — the difference comes from currency moves.
- It did better than Silver (+4.8%) and S&P 500 (with dividends) (−22.1%).
- After US inflation of 2.4%, the real change was +21.8%.
Key Events in 2002
What happened, and how gold moved that day (or the next trading day) and about a month later.
- Tuesday, January 1Euro banknotes and coins enter circulation. SourceGold: +0.1% next trading day (Jan 2) · +1.2% a month later
- Monday, July 15The euro reaches parity with the US dollar. SourceGold: −0.8% that day · −2.9% a month later
Gold in 2002: records, milestones and the London price chart →
Gold in other currencies, 2002
| Currency | Change |
|---|---|
| EGP | +25.8% |
| CNY | +24.7% |
| JPY | +12.4% |
Price in each currency at the year-end exchange rate, year-end to year-end. A falling currency makes gold rise more in local terms.
Gold vs other assets, 2002
| Asset | Change (USD) |
|---|---|
| Silver | +4.8% |
| S&P 500 (with dividends) | −22.1% |
| US inflation (CPI) | +2.4% |
Gold Price on Festivals in 2002
| Festival | Date | Price |
|---|---|---|
| Chinese New Year | Tue 12 Feb | ¥80.02 24K ¥/g |
International price converted at that day's rate, before local taxes and making charges.
Gold in 2002: FAQ
What was the price of gold in 2002?
Gold traded between $278.10 and $349.20 per troy ounce in 2002 (daily closes), averaging $310.92. It closed the year at $347.60.
How much did gold go up in 2002?
Gold rose 24.7% in 2002, from $278.70 to $347.60 per ounce.
What was the highest gold price in 2002?
The highest daily close in 2002 was $349.20 per troy ounce on December 27, 2002.
What was the best month for gold in 2002?
December (+9.7%). The weakest was June (−3.8%).
Did gold beat the stock market in 2002?
Yes. Gold was +24.7% for the year, against −22.1% for the S&P 500 with dividends reinvested.
What was the biggest event for gold in 2002?
Of the key events listed on this page, the biggest one-day reaction was on 15 July: The euro reaches parity with the US dollar. Gold moved −0.8% that day.
Daily closing prices of COMEX front-month gold futures (US dollars per troy ounce), which track the spot price closely. Download the full daily series as CSV or get any year from the free gold price API (free to use with a link to this site).
Cite this page
For essays, articles and research. Prices on this page update daily, so the citations include today's date as the date you accessed it.
@misc{corgano2026goldpricein2002, author = {{Corgano}}, title = {Gold Price in 2002}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2002}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-11-01}}