Gold Price in June 2002
In June 2002, gold fell 4.0%, from $326.50 at the end of May to $313.50 per troy ounce on June 28, 2002. The highest close was $327.80 on June 4, 2002, the lowest $313.50 on June 28, 2002, and the average over 20 trading days was $321.13. Today's price is 1,174.5% higher than the June 2002 close.
- Gold fell 4.0% in US dollars in June 2002, leaving it up 12.5% for the year to date.
- Measured in other currencies, the change ranged from −7.5% in JPY to −3.1% in EGP, because exchange rates moved too.
- It did better than US stocks (−7.1%), and worse than silver (−3.8%).
- It closed higher on 11 trading days and lower on 9, with an average daily move of 0.68%.
- At the end of the month it was 4.4% below its highest close since 2000.
- Gold/silver ratio: 65.0 → 64.9.
Gold price chart, June 2002
US dollars per troy ounce · daily closeGold in other currencies, June 2002
| Currency | Change in the month |
|---|---|
| EGP | −3.1% |
| CNY | −4.0% |
| PKR | −4.0% |
| JPY | −7.5% |
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, June 2002
| Asset | Change (USD) |
|---|---|
| Gold | −4.0% |
| Silver | −3.8% |
| S&P 500 (with dividends) | −7.1% |
| US inflation (CPI, month) | +0.06% |
| Gold, year to date (end of June) | +12.5% |
| Gold/silver ratio | 65.0 → 64.9 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, June 2002
Closing price for every trading day.
| Date | Close (USD per oz) | Change | USD per gram |
|---|---|---|---|
| Jun 3Mon | $326.70 | +0.06% | $10.50 |
| Jun 4Tue | $327.80 | +0.34% | $10.54 |
| Jun 5Wed | $321.20 | −2.01% | $10.33 |
| Jun 6Thu | $324.90 | +1.15% | $10.45 |
| Jun 7Fri | $324.60 | −0.09% | $10.44 |
| Jun 10Mon | $318.70 | −1.82% | $10.25 |
| Jun 11Tue | $319.70 | +0.31% | $10.28 |
| Jun 12Wed | $320.30 | +0.19% | $10.30 |
| Jun 13Thu | $317.70 | −0.81% | $10.21 |
| Jun 14Fri | $319.10 | +0.44% | $10.26 |
| Jun 17Mon | $317.40 | −0.53% | $10.20 |
| Jun 18Tue | $319.20 | +0.57% | $10.26 |
| Jun 19Wed | $319.80 | +0.19% | $10.28 |
| Jun 20Thu | $323.20 | +1.06% | $10.39 |
| Jun 21Fri | $324.60 | +0.43% | $10.44 |
| Jun 24Mon | $324.30 | −0.09% | $10.43 |
| Jun 25Tue | $320.20 | −1.26% | $10.29 |
| Jun 26Wed | $320.50 | +0.09% | $10.30 |
| Jun 27Thu | $319.20 | −0.41% | $10.26 |
| Jun 28Fri | $313.50 | −1.79% | $10.08 |
How June usually goes for gold
In the 20 years from 2006 to 2025, gold rose in June 9 times out of 20, with an average move of −0.4% and a median of −1.6%.
Gold in June 2002: FAQ
What was the price of gold in June 2002?
Gold traded between $313.50 and $327.80 per troy ounce (daily closes) in June 2002, averaging $321.13. It closed the month at $313.50.
How much did gold go down in June 2002?
Gold fell 4.0%, from $326.50 to $313.50. The biggest daily rise was +1.2% on June 6, 2002 and the biggest fall −2.0% on June 5, 2002.
What was the gold price on June 3, 2002?
Gold closed at $326.70 per troy ounce on June 3, 2002, the first trading day of the month.
Is June usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in June 9 times out of 20, with an average move of −0.4% and a median of −1.6%. Past seasonal patterns are not a reliable guide to any single year.
Did gold beat stocks in June 2002?
Yes. Gold was −4.0% for the month, against −7.1% for the S&P 500 with dividends.
Did gold keep up with inflation in June 2002?
US consumer prices (CPI) changed +0.06% in June, so gold's real (inflation-adjusted) change was about −4.0%.