Gold Price in August 2002
In August 2002, gold rose 2.8%, from $304.00 at the end of July to $312.40 per troy ounce on August 30, 2002. The highest close was $314.30 on August 6, 2002, the lowest $305.50 on August 5, 2002, and the average over 26 trading days was $310.51. Today's price is 1,140.9% higher than the August 2002 close.
Gold ended August higher. What usually happens in September after a higher August →
- Gold rose 2.8% in US dollars in August 2002, leaving it up 12.1% for the year to date.
- Measured in other currencies, the change ranged from +2.1% in JPY to +2.8% in CNY, because exchange rates moved too.
- It did better than silver (−3.1%) and US stocks (+0.7%).
- It closed higher on 11 trading days and lower on 10, with an average daily move of 0.66%.
- At the end of the month it was 4.7% below its highest close since 2000.
- Gold/silver ratio: 66.4 → 70.4.
Gold price chart, August 2002
US dollars per troy ounce · daily closeGold in other currencies, August 2002
| Currency | Change in the month |
|---|---|
| CNY | +2.8% |
| PKR | +2.8% |
| EGP | +2.8% |
| JPY | +2.1% |
Price in each currency at each day's exchange rate, previous month-end to this month-end. A weaker currency makes gold rise more in local terms.
Gold vs other assets, August 2002
| Asset | Change (USD) |
|---|---|
| Gold | +2.8% |
| Silver | −3.1% |
| S&P 500 (with dividends) | +0.7% |
| US inflation (CPI, month) | +0.33% |
| Gold, year to date (end of August) | +12.1% |
| Gold/silver ratio | 66.4 → 70.4 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, August 2002
Closing price for every trading day.
| Date | Close (USD per oz) | Change | USD per gram |
|---|---|---|---|
| Aug 1Thu | $307.00 | +0.99% | $9.87 |
| Aug 2Fri | $307.00 | 0.00% | $9.87 |
| Aug 4Sun | $307.80 | +0.26% | $9.90 |
| Aug 5Mon | $305.50 | −0.75% | $9.82 |
| Aug 6Tue | $314.30 | +2.88% | $10.10 |
| Aug 7Wed | $310.40 | −1.24% | $9.98 |
| Aug 8Thu | $314.20 | +1.22% | $10.10 |
| Aug 9Fri | $314.20 | 0.00% | $10.10 |
| Aug 11Sun | $314.10 | −0.03% | $10.10 |
| Aug 12Mon | $314.20 | +0.03% | $10.10 |
| Aug 13Tue | $311.80 | −0.76% | $10.02 |
| Aug 14Wed | $314.30 | +0.80% | $10.10 |
| Aug 15Thu | $313.70 | −0.19% | $10.09 |
| Aug 16Fri | $313.70 | 0.00% | $10.09 |
| Aug 18Sun | $306.00 | −2.45% | $9.84 |
| Aug 19Mon | $308.70 | +0.88% | $9.92 |
| Aug 20Tue | $307.60 | −0.36% | $9.89 |
| Aug 21Wed | $306.60 | −0.33% | $9.86 |
| Aug 22Thu | $306.70 | +0.03% | $9.86 |
| Aug 23Fri | $306.70 | 0.00% | $9.86 |
| Aug 25Sun | $309.40 | +0.88% | $9.95 |
| Aug 26Mon | $312.30 | +0.94% | $10.04 |
| Aug 27Tue | $309.40 | −0.93% | $9.95 |
| Aug 28Wed | $312.90 | +1.13% | $10.06 |
| Aug 29Thu | $312.40 | −0.16% | $10.04 |
| Aug 30Fri | $312.40 | 0.00% | $10.04 |
How August usually goes for gold
In the 20 years from 2006 to 2025, gold rose in August 13 times out of 20, with an average move of +1.5% and a median of +1.1%. Every August since 1971 →
Gold in August 2002: FAQ
What was the price of gold in August 2002?
Gold traded between $305.50 and $314.30 per troy ounce (daily closes) in August 2002, averaging $310.51. It closed the month at $312.40.
How much did gold go up in August 2002?
Gold rose 2.8%, from $304.00 to $312.40. The biggest daily rise was +2.9% on August 6, 2002 and the biggest fall −2.5% on August 18, 2002.
What was the gold price on August 1, 2002?
Gold closed at $307.00 per troy ounce on August 1, 2002, the first trading day of the month.
Is August usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in August 13 times out of 20, with an average move of +1.5% and a median of +1.1%. Past seasonal patterns are not a reliable guide to any single year.
Did gold beat stocks in August 2002?
Yes. Gold was +2.8% for the month, against +0.7% for the S&P 500 with dividends.
Did gold keep up with inflation in August 2002?
US consumer prices (CPI) changed +0.33% in August, so gold's real (inflation-adjusted) change was about +2.4%.
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{corgano2026goldpriceinaugust, author = {{Corgano}}, title = {Gold Price in August 2002}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2002/august}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-11-01}}