Gold Price in September 2002
In September 2002, gold rose 3.7%, from $312.40 at the end of August to $323.90 per troy ounce on September 30, 2002. The highest close was $325.90 on September 24, 2002, the lowest $313.40 on September 3, 2002, and the average over 20 trading days was $319.60. Today's price is 1,142.4% higher than the September 2002 close.
- Gold rose 3.7% in US dollars in September 2002, leaving it up 16.2% for the year to date.
- Measured in other currencies, the change ranged from +3.6% in CNY to +6.7% in JPY, because exchange rates moved too.
- It did better than silver (+2.1%) and US stocks (−10.9%).
- It closed higher on 12 trading days and lower on 8, with an average daily move of 0.62%.
- At the end of the month it was 1.2% below its highest close since 2000.
- Gold/silver ratio: 70.4 → 71.5.
Gold price chart, September 2002
US dollars per troy ounce · daily closeGold in other currencies, September 2002
| Currency | Change in the month |
|---|---|
| JPY | +6.7% |
| EGP | +4.0% |
| PKR | +3.7% |
| CNY | +3.6% |
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, September 2002
| Asset | Change (USD) |
|---|---|
| Gold | +3.7% |
| Silver | +2.1% |
| S&P 500 (with dividends) | −10.9% |
| US inflation (CPI, month) | +0.17% |
| Gold, year to date (end of September) | +16.2% |
| Gold/silver ratio | 70.4 → 71.5 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, September 2002
Closing price for every trading day.
| Date | Close (USD per oz) | Change | USD per gram |
|---|---|---|---|
| Sep 3Tue | $313.40 | +0.32% | $10.08 |
| Sep 4Wed | $314.90 | +0.48% | $10.12 |
| Sep 5Thu | $318.20 | +1.05% | $10.23 |
| Sep 6Fri | $319.90 | +0.53% | $10.29 |
| Sep 9Mon | $321.30 | +0.44% | $10.33 |
| Sep 10Tue | $317.90 | −1.06% | $10.22 |
| Sep 11Wed | $316.60 | −0.41% | $10.18 |
| Sep 12Thu | $318.90 | +0.73% | $10.25 |
| Sep 13Fri | $316.60 | −0.72% | $10.18 |
| Sep 16Mon | $317.10 | +0.16% | $10.20 |
| Sep 17Tue | $317.00 | −0.03% | $10.19 |
| Sep 18Wed | $320.60 | +1.14% | $10.31 |
| Sep 19Thu | $322.60 | +0.62% | $10.37 |
| Sep 20Fri | $321.90 | −0.22% | $10.35 |
| Sep 23Mon | $323.00 | +0.34% | $10.38 |
| Sep 24Tue | $325.90 | +0.90% | $10.48 |
| Sep 25Wed | $322.20 | −1.14% | $10.36 |
| Sep 26Thu | $320.30 | −0.59% | $10.30 |
| Sep 27Fri | $319.70 | −0.19% | $10.28 |
| Sep 30Mon | $323.90 | +1.31% | $10.41 |
How September usually goes for gold
In the 20 years from 2006 to 2025, gold rose in September 8 times out of 20, with an average move of −0.2% and a median of −2.0%.
Gold in September 2002: FAQ
What was the price of gold in September 2002?
Gold traded between $313.40 and $325.90 per troy ounce (daily closes) in September 2002, averaging $319.60. It closed the month at $323.90.
How much did gold go up in September 2002?
Gold rose 3.7%, from $312.40 to $323.90. The biggest daily rise was +1.3% on September 30, 2002 and the biggest fall −1.1% on September 25, 2002.
What was the gold price on September 3, 2002?
Gold closed at $313.40 per troy ounce on September 3, 2002, the first trading day of the month.
Is September usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in September 8 times out of 20, with an average move of −0.2% and a median of −2.0%. Past seasonal patterns are not a reliable guide to any single year.
Did gold beat stocks in September 2002?
Yes. Gold was +3.7% for the month, against −10.9% for the S&P 500 with dividends.
Did gold keep up with inflation in September 2002?
US consumer prices (CPI) changed +0.17% in September, so gold's real (inflation-adjusted) change was about +3.5%.