Gold Price in February 2002
In February 2002, gold rose 5.2%, from $282.10 at the end of January to $296.70 per troy ounce on February 28, 2002. The highest close was $303.50 on February 8, 2002, the lowest $286.00 on February 1, 2002, and the average over 19 trading days was $296.22. Today's price is 1,206.6% higher than the February 2002 close.
Gold ended February higher. What usually happens in March after a higher February →
- Gold rose 5.2% in US dollars in February 2002, leaving it up 6.5% for the year to date.
- Measured in other currencies, the change ranged from +4.1% in JPY to +5.2% in CNY, because exchange rates moved too.
- It did better than US stocks (−1.9%), and worse than silver (+6.7%).
- It closed higher on 10 trading days and lower on 8, with an average daily move of 0.80%.
- At the end of the month it was 2.2% below its highest close since 2000.
- Gold/silver ratio: 66.9 → 66.0.
Gold price chart, February 2002
US dollars per troy ounce · daily closeGold in other currencies, February 2002
| Currency | Change in the month |
|---|---|
| CNY | +5.2% |
| EGP | +5.1% |
| JPY | +4.1% |
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, February 2002
| Asset | Change (USD) |
|---|---|
| Gold | +5.2% |
| Silver | +6.7% |
| S&P 500 (with dividends) | −1.9% |
| US inflation (CPI, month) | +0.40% |
| Gold, year to date (end of February) | +6.5% |
| Gold/silver ratio | 66.9 → 66.0 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, February 2002
Closing price for every trading day.
| Date | Close (USD per oz) | Change | USD per gram |
|---|---|---|---|
| Feb 1Fri | $286.00 | +1.38% | $9.20 |
| Feb 4Mon | $289.30 | +1.15% | $9.30 |
| Feb 5Tue | $298.20 | +3.08% | $9.59 |
| Feb 6Wed | $297.50 | −0.23% | $9.56 |
| Feb 7Thu | $299.70 | +0.74% | $9.64 |
| Feb 8Fri | $303.50 | +1.27% | $9.76 |
| Feb 11Mon | $300.10 | −1.12% | $9.65 |
| Feb 12Tue | $300.70 | +0.20% | $9.67 |
| Feb 13Wed | $299.40 | −0.43% | $9.63 |
| Feb 14Thu | $299.70 | +0.10% | $9.64 |
| Feb 15Fri | $298.40 | −0.43% | $9.59 |
| Feb 19Tue | $293.20 | −1.74% | $9.43 |
| Feb 20Wed | $292.30 | −0.31% | $9.40 |
| Feb 21Thu | $293.20 | +0.31% | $9.43 |
| Feb 22Fri | $293.20 | 0.00% | $9.43 |
| Feb 25Mon | $292.70 | −0.17% | $9.41 |
| Feb 26Tue | $298.00 | +1.81% | $9.58 |
| Feb 27Wed | $296.30 | −0.57% | $9.53 |
| Feb 28Thu | $296.70 | +0.13% | $9.54 |
How February usually goes for gold
In the 20 years from 2006 to 2025, gold rose in February 11 times out of 20, with an average move of +0.9% and a median of +0.8%. Every February since 1971 →
Gold in February 2002: FAQ
What was the price of gold in February 2002?
Gold traded between $286.00 and $303.50 per troy ounce (daily closes) in February 2002, averaging $296.22. It closed the month at $296.70.
How much did gold go up in February 2002?
Gold rose 5.2%, from $282.10 to $296.70. The biggest daily rise was +3.1% on February 5, 2002 and the biggest fall −1.7% on February 19, 2002.
What was the gold price on February 1, 2002?
Gold closed at $286.00 per troy ounce on February 1, 2002, the first trading day of the month.
Is February usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in February 11 times out of 20, with an average move of +0.9% and a median of +0.8%. Past seasonal patterns are not a reliable guide to any single year.
Did gold beat stocks in February 2002?
Yes. Gold was +5.2% for the month, against −1.9% for the S&P 500 with dividends.
Did gold keep up with inflation in February 2002?
US consumer prices (CPI) changed +0.40% in February, so gold's real (inflation-adjusted) change was about +4.8%.
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{corgano2026goldpriceinfebruary, author = {{Corgano}}, title = {Gold Price in February 2002}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2002/february}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-11-01}}