Gold Price in March 2002
In March 2002, gold rose 2.0%, from $296.70 at the end of February to $302.60 per troy ounce on March 28, 2002. The highest close was $302.60 on March 28, 2002, the lowest $289.90 on March 15, 2002, and the average over 20 trading days was $294.38. Today's price is 1,181.1% higher than the March 2002 close.
Gold ended March higher. What usually happens in April after a higher March →
- Gold rose 2.0% in US dollars in March 2002, leaving it up 8.6% for the year to date.
- Measured in other currencies, the change ranged from +1.4% in JPY to +2.0% in CNY, because exchange rates moved too.
- It did worse than silver (+3.2%) and US stocks (+3.8%).
- It closed higher on 10 trading days and lower on 8, with an average daily move of 0.55%.
- Gold/silver ratio: 66.0 → 65.2.
Gold price chart, March 2002
US dollars per troy ounce · daily closeGold in other currencies, March 2002
| Currency | Change in the month |
|---|---|
| CNY | +2.0% |
| EGP | +2.0% |
| JPY | +1.4% |
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, March 2002
| Asset | Change (USD) |
|---|---|
| Gold | +2.0% |
| Silver | +3.2% |
| S&P 500 (with dividends) | +3.8% |
| US inflation (CPI, month) | +0.56% |
| Gold, year to date (end of March) | +8.6% |
| Gold/silver ratio | 66.0 → 65.2 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, March 2002
Closing price for every trading day.
| Date | Close (USD per oz) | Change | USD per gram |
|---|---|---|---|
| Mar 1Fri | $298.00 | +0.44% | $9.58 |
| Mar 4Mon | $296.70 | −0.44% | $9.54 |
| Mar 5Tue | $294.00 | −0.91% | $9.45 |
| Mar 6Wed | $293.50 | −0.17% | $9.44 |
| Mar 7Thu | $290.10 | −1.16% | $9.33 |
| Mar 8Fri | $290.10 | 0.00% | $9.33 |
| Mar 11Mon | $291.10 | +0.34% | $9.36 |
| Mar 12Tue | $293.60 | +0.86% | $9.44 |
| Mar 13Wed | $293.60 | 0.00% | $9.44 |
| Mar 14Thu | $291.00 | −0.89% | $9.36 |
| Mar 15Fri | $289.90 | −0.38% | $9.32 |
| Mar 18Mon | $292.10 | +0.76% | $9.39 |
| Mar 19Tue | $292.80 | +0.24% | $9.41 |
| Mar 20Wed | $292.10 | −0.24% | $9.39 |
| Mar 21Thu | $292.80 | +0.24% | $9.41 |
| Mar 22Fri | $297.30 | +1.54% | $9.56 |
| Mar 25Mon | $297.40 | +0.03% | $9.56 |
| Mar 26Tue | $296.60 | −0.27% | $9.54 |
| Mar 27Wed | $302.20 | +1.89% | $9.72 |
| Mar 28Thu | $302.60 | +0.13% | $9.73 |
How March usually goes for gold
In the 20 years from 2006 to 2025, gold rose in March 10 times out of 20, with an average move of +0.8% and a median of −0.2%. Every March since 1971 →
Gold in March 2002: FAQ
What was the price of gold in March 2002?
Gold traded between $289.90 and $302.60 per troy ounce (daily closes) in March 2002, averaging $294.38. It closed the month at $302.60.
How much did gold go up in March 2002?
Gold rose 2.0%, from $296.70 to $302.60. The biggest daily rise was +1.9% on March 27, 2002 and the biggest fall −1.2% on March 7, 2002.
What was the gold price on March 1, 2002?
Gold closed at $298.00 per troy ounce on March 1, 2002, the first trading day of the month.
Is March usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in March 10 times out of 20, with an average move of +0.8% and a median of −0.2%. Past seasonal patterns are not a reliable guide to any single year.
Did gold beat stocks in March 2002?
No. Gold was +2.0% for the month, against +3.8% for the S&P 500 with dividends.
Did gold keep up with inflation in March 2002?
US consumer prices (CPI) changed +0.56% in March, so gold's real (inflation-adjusted) change was about +1.4%.
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{corgano2026goldpriceinmarch, author = {{Corgano}}, title = {Gold Price in March 2002}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2002/march}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}