Gold Price in December 2002
In December 2002, gold rose 9.7%, from $316.80 at the end of November to $347.60 per troy ounce on December 31, 2002. The highest close was $349.20 on December 27, 2002, the lowest $317.60 on December 2, 2002, and the average over 21 trading days was $334.94. Today's price is 1,015.3% higher than the December 2002 close.
Gold ended December higher. What usually happens in January after a higher December →
- Gold rose 9.7% in US dollars in December 2002, leaving it up 24.7% for the year to date.
- Measured in other currencies, the change ranged from +6.4% in JPY to +9.7% in PKR, because exchange rates moved too.
- It did better than silver (+8.8%) and US stocks (−5.9%).
- It closed higher on 17 trading days and lower on 4, with an average daily move of 0.84%.
- Gold/silver ratio: 71.8 → 72.4.
Gold price chart, December 2002
US dollars per troy ounce · daily closeGold in other currencies, December 2002
| Currency | Change in the month |
|---|---|
| PKR | +9.7% |
| CNY | +9.7% |
| EGP | +9.4% |
| JPY | +6.4% |
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, December 2002
| Asset | Change (USD) |
|---|---|
| Gold | +9.7% |
| Silver | +8.8% |
| S&P 500 (with dividends) | −5.9% |
| US inflation (CPI, month) | −0.22% |
| Gold, year to date (end of December) | +24.7% |
| Gold/silver ratio | 71.8 → 72.4 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, December 2002
Closing price for every trading day.
| Date | Close (USD per oz) | Change | USD per gram |
|---|---|---|---|
| Dec 2Mon | $317.60 | +0.25% | $10.21 |
| Dec 3Tue | $320.20 | +0.82% | $10.29 |
| Dec 4Wed | $322.20 | +0.62% | $10.36 |
| Dec 5Thu | $324.80 | +0.81% | $10.44 |
| Dec 6Fri | $326.30 | +0.46% | $10.49 |
| Dec 9Mon | $325.80 | −0.15% | $10.47 |
| Dec 10Tue | $323.50 | −0.71% | $10.40 |
| Dec 11Wed | $324.80 | +0.40% | $10.44 |
| Dec 12Thu | $331.40 | +2.03% | $10.65 |
| Dec 13Fri | $333.20 | +0.54% | $10.71 |
| Dec 16Mon | $337.00 | +1.14% | $10.83 |
| Dec 17Tue | $337.40 | +0.12% | $10.85 |
| Dec 18Wed | $342.10 | +1.39% | $11.00 |
| Dec 19Thu | $345.90 | +1.11% | $11.12 |
| Dec 20Fri | $340.50 | −1.56% | $10.95 |
| Dec 23Mon | $345.10 | +1.35% | $11.10 |
| Dec 24Tue | $346.80 | +0.49% | $11.15 |
| Dec 26Thu | $348.90 | +0.61% | $11.22 |
| Dec 27Fri | $349.20 | +0.09% | $11.23 |
| Dec 30Mon | $343.40 | −1.66% | $11.04 |
| Dec 31Tue | $347.60 | +1.22% | $11.18 |
How December usually goes for gold
In the 20 years from 2006 to 2025, gold rose in December 12 times out of 20, with an average move of +1.0% and a median of +1.8%. Every December since 1971 →
Gold in December 2002: FAQ
What was the price of gold in December 2002?
Gold traded between $317.60 and $349.20 per troy ounce (daily closes) in December 2002, averaging $334.94. It closed the month at $347.60.
How much did gold go up in December 2002?
Gold rose 9.7%, from $316.80 to $347.60. The biggest daily rise was +2.0% on December 12, 2002 and the biggest fall −1.7% on December 30, 2002.
What was the gold price on December 2, 2002?
Gold closed at $317.60 per troy ounce on December 2, 2002, the first trading day of the month.
Is December usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in December 12 times out of 20, with an average move of +1.0% and a median of +1.8%. Past seasonal patterns are not a reliable guide to any single year.
Did gold beat stocks in December 2002?
Yes. Gold was +9.7% for the month, against −5.9% for the S&P 500 with dividends.
Did gold keep up with inflation in December 2002?
US consumer prices (CPI) changed −0.22% in December, so gold's real (inflation-adjusted) change was about +10.0%.
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{corgano2026goldpriceindecember, author = {{Corgano}}, title = {Gold Price in December 2002}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2002/december}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}