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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 1,199.3% higher than the October 2002 close.

End of September
$323.90
Month-end close
$318.00
Oct 31
Change
−1.8%
High
$322.10
Oct 4
Low
$310.70
Oct 24
Average
$316.27
23 trading days

Gold price chart, October 2002

US dollars per troy ounce · daily close
$310$317$325Sep 30Oct 4Oct 10Oct 16Oct 21Oct 25Oct 31

Daily Gold Prices, October 2002

Closing price for every trading day.

DateClose (USD per oz)ChangeUSD 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
Daily closing prices of COMEX front-month gold futures (US dollars per troy ounce), which track the spot price closely.

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%.

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.