Gold Price in January 2002
In January 2002, gold rose 1.2%, from $278.70 at the end of December to $282.10 per troy ounce on January 31, 2002. The highest close was $287.40 on January 11, 2002, the lowest $278.10 on January 24, 2002, and the average over 21 trading days was $281.75. Today's price is 1,274.2% higher than the January 2002 close.
Gold ended January higher. What usually happens in February after a higher January →
- Gold rose 1.2% in US dollars in January 2002.
- Measured in other currencies, the change ranged from +1.2% in CNY to +3.7% in JPY, because exchange rates moved too.
- It did better than silver (−7.9%) and US stocks (−1.5%).
- It closed higher on 11 trading days and lower on 10, with an average daily move of 0.52%.
- At the end of the month it was 3.8% below its highest close since 2000.
- Gold/silver ratio: 60.9 → 66.9.
Gold price chart, January 2002
US dollars per troy ounce · daily closeGold in other currencies, January 2002
| Currency | Change in the month |
|---|---|
| JPY | +3.7% |
| EGP | +2.4% |
| CNY | +1.2% |
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, January 2002
| Asset | Change (USD) |
|---|---|
| Gold | +1.2% |
| Silver | −7.9% |
| S&P 500 (with dividends) | −1.5% |
| US inflation (CPI, month) | +0.23% |
| Gold/silver ratio | 60.9 → 66.9 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Key Events in January 2002
- Tuesday, January 1Euro banknotes and coins enter circulation. SourceGold: +0.1% next trading day (Jan 2)
Daily Gold Prices, January 2002
Closing price for every trading day.
| Date | Close (USD per oz) | Change | USD per gram |
|---|---|---|---|
| Jan 2Wed | $278.90 | +0.07% | $8.97 |
| Jan 3Thu | $278.20 | −0.25% | $8.94 |
| Jan 4Fri | $278.90 | +0.25% | $8.97 |
| Jan 7Mon | $278.60 | −0.11% | $8.96 |
| Jan 8Tue | $278.90 | +0.11% | $8.97 |
| Jan 9Wed | $283.40 | +1.61% | $9.11 |
| Jan 10Thu | $287.10 | +1.31% | $9.23 |
| Jan 11Fri | $287.40 | +0.10% | $9.24 |
| Jan 14Mon | $285.40 | −0.70% | $9.18 |
| Jan 15Tue | $284.40 | −0.35% | $9.14 |
| Jan 16Wed | $287.30 | +1.02% | $9.24 |
| Jan 17Thu | $284.40 | −1.01% | $9.14 |
| Jan 18Fri | $283.10 | −0.46% | $9.10 |
| Jan 22Tue | $281.50 | −0.57% | $9.05 |
| Jan 23Wed | $278.60 | −1.03% | $8.96 |
| Jan 24Thu | $278.10 | −0.18% | $8.94 |
| Jan 25Fri | $278.80 | +0.25% | $8.96 |
| Jan 28Mon | $278.30 | −0.18% | $8.95 |
| Jan 29Tue | $281.40 | +1.11% | $9.05 |
| Jan 30Wed | $281.90 | +0.18% | $9.06 |
| Jan 31Thu | $282.10 | +0.07% | $9.07 |
How January usually goes for gold
In the 20 years from 2006 to 2025, gold rose in January 14 times out of 20, with an average move of +3.5% and a median of +3.7%. Every January since 1971 →
Gold in January 2002: FAQ
What was the price of gold in January 2002?
Gold traded between $278.10 and $287.40 per troy ounce (daily closes) in January 2002, averaging $281.75. It closed the month at $282.10.
How much did gold go up in January 2002?
Gold rose 1.2%, from $278.70 to $282.10. The biggest daily rise was +1.6% on January 9, 2002 and the biggest fall −1.0% on January 23, 2002.
What was the gold price on January 2, 2002?
Gold closed at $278.90 per troy ounce on January 2, 2002, the first trading day of the month.
Is January usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in January 14 times out of 20, with an average move of +3.5% and a median of +3.7%. Past seasonal patterns are not a reliable guide to any single year.
Did gold beat stocks in January 2002?
Yes. Gold was +1.2% for the month, against −1.5% for the S&P 500 with dividends.
Did gold keep up with inflation in January 2002?
US consumer prices (CPI) changed +0.23% in January, so gold's real (inflation-adjusted) change was about +1.0%.
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{corgano2026goldpriceinjanuary, author = {{Corgano}}, title = {Gold Price in January 2002}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2002/january}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}