Gold Price in July 2002
In July 2002, gold fell 3.3%, from $313.50 at the end of June to $303.20 per troy ounce on July 31, 2002. The highest close was $323.90 on July 19, 2002, the lowest $302.50 on July 29, 2002, and the average over 21 trading days was $313.28. Today's price is 1,217.8% higher than the July 2002 close.
- Gold fell 3.3% in US dollars in July 2002, leaving it up 8.8% for the year to date.
- Measured in other currencies, the change ranged from −3.3% in CNY to −3.1% in JPY, because exchange rates moved too.
- It did better than silver (−4.9%) and US stocks (−7.8%).
- It closed higher on 8 trading days and lower on 13, with an average daily move of 0.77%.
- At the end of the month it was 7.5% below its highest close since 2000.
- Gold/silver ratio: 64.9 → 66.0.
Gold price chart, July 2002
US dollars per troy ounce · daily closeGold in other currencies, July 2002
| Currency | Change in the month |
|---|---|
| JPY | −3.1% |
| EGP | −3.3% |
| PKR | −3.3% |
| CNY | −3.3% |
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, July 2002
| Asset | Change (USD) |
|---|---|
| Gold | −3.3% |
| Silver | −4.9% |
| S&P 500 (with dividends) | −7.8% |
| US inflation (CPI, month) | +0.11% |
| Gold, year to date (end of July) | +8.8% |
| Gold/silver ratio | 64.9 → 66.0 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Key Events in July 2002
- Monday, July 15The euro reaches parity with the US dollar. SourceGold: +1.3% that day
Daily Gold Prices, July 2002
Closing price for every trading day.
| Date | Close (USD per oz) | Change | USD per gram |
|---|---|---|---|
| Jul 1Mon | $314.00 | +0.16% | $10.10 |
| Jul 2Tue | $312.80 | −0.38% | $10.06 |
| Jul 3Wed | $310.90 | −0.61% | $10.00 |
| Jul 8Mon | $312.10 | +0.39% | $10.03 |
| Jul 9Tue | $316.10 | +1.28% | $10.16 |
| Jul 10Wed | $314.70 | −0.44% | $10.12 |
| Jul 11Thu | $317.20 | +0.79% | $10.20 |
| Jul 12Fri | $315.60 | −0.50% | $10.15 |
| Jul 15Mon | $319.60 | +1.27% | $10.28 |
| Jul 16Tue | $317.20 | −0.75% | $10.20 |
| Jul 17Wed | $317.40 | +0.06% | $10.20 |
| Jul 18Thu | $317.00 | −0.13% | $10.19 |
| Jul 19Fri | $323.90 | +2.18% | $10.41 |
| Jul 22Mon | $323.60 | −0.09% | $10.40 |
| Jul 23Tue | $312.70 | −3.37% | $10.05 |
| Jul 24Wed | $311.50 | −0.38% | $10.01 |
| Jul 25Thu | $309.80 | −0.55% | $9.96 |
| Jul 26Fri | $303.40 | −2.07% | $9.75 |
| Jul 29Mon | $302.50 | −0.30% | $9.73 |
| Jul 30Tue | $303.70 | +0.40% | $9.76 |
| Jul 31Wed | $303.20 | −0.16% | $9.75 |
How July usually goes for gold
In the 20 years from 2006 to 2025, gold rose in July 13 times out of 20, with an average move of +1.3% and a median of +2.1%.
Gold in July 2002: FAQ
What was the price of gold in July 2002?
Gold traded between $302.50 and $323.90 per troy ounce (daily closes) in July 2002, averaging $313.28. It closed the month at $303.20.
How much did gold go down in July 2002?
Gold fell 3.3%, from $313.50 to $303.20. The biggest daily rise was +2.2% on July 19, 2002 and the biggest fall −3.4% on July 23, 2002.
What was the gold price on July 1, 2002?
Gold closed at $314.00 per troy ounce on July 1, 2002, the first trading day of the month.
Is July usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in July 13 times out of 20, with an average move of +1.3% and a median of +2.1%. Past seasonal patterns are not a reliable guide to any single year.
Did gold beat stocks in July 2002?
Yes. Gold was −3.3% for the month, against −7.8% for the S&P 500 with dividends.
Did gold keep up with inflation in July 2002?
US consumer prices (CPI) changed +0.11% in July, so gold's real (inflation-adjusted) change was about −3.4%.