Gold Price in October 2002
In October 2002, gold fell 1.8%, from $323.90 at the end of September to $318.00 per troy ounce on October 31, 2002. The highest close was $322.10 on October 4, 2002, the lowest $310.70 on October 24, 2002, and the average over 23 trading days was $316.27. Today's price is 1,119.1% higher than the October 2002 close.
Gold ended October lower. What usually happens in November after a lower October →
- Gold fell 1.8% in US dollars in October 2002, leaving it up 14.1% for the year to date.
- Measured in other currencies, the change ranged from −1.9% in JPY to −1.7% in CNY, because exchange rates moved too.
- It did worse than silver (−0.7%) and US stocks (+8.8%).
- It closed higher on 11 trading days and lower on 12, with an average daily move of 0.56%.
- At the end of the month it was 3.0% below its highest close since 2000.
- Gold/silver ratio: 71.5 → 70.7.
Gold price chart, October 2002
US dollars per troy ounce · daily closeGold in other currencies, October 2002
| Currency | Change in the month |
|---|---|
| CNY | −1.7% |
| PKR | −1.8% |
| EGP | −1.8% |
| JPY | −1.9% |
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, October 2002
| Asset | Change (USD) |
|---|---|
| Gold | −1.8% |
| Silver | −0.7% |
| S&P 500 (with dividends) | +8.8% |
| US inflation (CPI, month) | +0.17% |
| Gold, year to date (end of October) | +14.1% |
| Gold/silver ratio | 71.5 → 70.7 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, October 2002
Closing price for every trading day.
| Date | Close (USD per oz) | Change | USD per gram |
|---|---|---|---|
| Oct 1Tue | $320.90 | −0.93% | $10.32 |
| Oct 2Wed | $321.50 | +0.19% | $10.34 |
| Oct 3Thu | $321.10 | −0.12% | $10.32 |
| Oct 4Fri | $322.10 | +0.31% | $10.36 |
| Oct 7Mon | $321.90 | −0.06% | $10.35 |
| Oct 8Tue | $318.20 | −1.15% | $10.23 |
| Oct 9Wed | $319.60 | +0.44% | $10.28 |
| Oct 10Thu | $316.50 | −0.97% | $10.18 |
| Oct 11Fri | $316.30 | −0.06% | $10.17 |
| Oct 14Mon | $317.80 | +0.47% | $10.22 |
| Oct 15Tue | $312.60 | −1.64% | $10.05 |
| Oct 16Wed | $314.00 | +0.45% | $10.10 |
| Oct 17Thu | $311.60 | −0.76% | $10.02 |
| Oct 18Fri | $312.70 | +0.35% | $10.05 |
| Oct 21Mon | $310.90 | −0.58% | $10.00 |
| Oct 22Tue | $313.00 | +0.68% | $10.06 |
| Oct 23Wed | $312.00 | −0.32% | $10.03 |
| Oct 24Thu | $310.70 | −0.42% | $9.99 |
| Oct 25Fri | $313.40 | +0.87% | $10.08 |
| Oct 28Mon | $315.20 | +0.57% | $10.13 |
| Oct 29Tue | $317.70 | +0.79% | $10.21 |
| Oct 30Wed | $316.50 | −0.38% | $10.18 |
| Oct 31Thu | $318.00 | +0.47% | $10.22 |
How October usually goes for gold
In the 20 years from 2006 to 2025, gold rose in October 12 times out of 20, with an average move of +0.6% and a median of +1.6%. Every October since 1971 →
Gold in October 2002: FAQ
What was the price of gold in October 2002?
Gold traded between $310.70 and $322.10 per troy ounce (daily closes) in October 2002, averaging $316.27. It closed the month at $318.00.
How much did gold go down in October 2002?
Gold fell 1.8%, from $323.90 to $318.00. The biggest daily rise was +0.9% on October 25, 2002 and the biggest fall −1.6% on October 15, 2002.
What was the gold price on October 1, 2002?
Gold closed at $320.90 per troy ounce on October 1, 2002, the first trading day of the month.
Is October usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in October 12 times out of 20, with an average move of +0.6% and a median of +1.6%. Past seasonal patterns are not a reliable guide to any single year.
Did gold beat stocks in October 2002?
No. Gold was −1.8% for the month, against +8.8% for the S&P 500 with dividends.
Did gold keep up with inflation in October 2002?
US consumer prices (CPI) changed +0.17% in October, so gold's real (inflation-adjusted) change was about −2.0%.
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{corgano2026goldpriceinoctober, author = {{Corgano}}, title = {Gold Price in October 2002}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2002/october}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}