Gold price in 2002: open, high, low, close
Gold averaged $310.48 an ounce in 2002, moving between $278.10 and $349.20. Month-by-month figures, the year's change and the inflation-adjusted value, from public data.
Gold price in 2002, month by month (US dollars per troy ounce)
| Month | Open | High | Low | Close | London avg |
|---|---|---|---|---|---|
| January | $278.90 | $287.40 | $278.10 | $282.10 | $282.00 |
| February | $286.00 | $303.50 | $286.00 | $296.70 | $296.00 |
| March | $298.00 | $302.60 | $289.90 | $302.60 | $294.00 |
| April | $303.20 | $311.60 | $298.80 | $308.90 | $303.00 |
| May | $309.10 | $326.50 | $307.30 | $326.50 | $314.00 |
| June | $326.70 | $327.80 | $313.50 | $313.50 | $321.00 |
| July | $314.00 | $323.90 | $302.50 | $303.20 | $313.00 |
| August | $304.00 | $314.30 | $304.00 | $312.40 | $310.00 |
| September | $313.40 | $325.90 | $313.40 | $323.90 | $319.00 |
| October | $320.90 | $322.10 | $310.70 | $318.00 | $317.00 |
| November | $318.80 | $324.50 | $316.80 | $316.80 | $319.00 |
| December | $317.60 | $349.20 | $317.60 | $347.60 | $332.00 |
Open, high, low and close are daily COMEX futures settlements; the last column is the monthly average of the London (LBMA) price, which differs slightly from COMEX.
Source: World Bank Commodity Markets (Pink Sheet) monthly London gold prices; COMEX gold futures (GC=F) daily settlements; US CPI (FRED series CPIAUCSL). Data updated ; refreshed automatically about once a day. Figures are indicative and may be revised by the sources.
Gold in 2002: the numbers
In 2002, gold averaged $310.48 an ounce, measured by daily COMEX settlement prices. It opened the year at $278.90, reached a high of $349.20 in December 2002 and a low of $278.10 in January 2002, and closed at $347.60, a change of +24.7% from the end of 2001. 7 of the 11 month-to-month changes were higher. Adjusted for inflation, the closing price equals about $643 in September 2026 dollars.
For context, gold closed 2001 at $278.70 and 2003 at $415.70 (+19.6% in 2003).
How this compares with the whole record
The gold price history page charts every year since 1968 and lists the open, high, low and close of each, and the all-time-high tracker shows every record close. Figures for 2002 use daily COMEX settlement prices; the London price and COMEX futures differ slightly, usually by a few dollars.
Frequently asked questions
What was the gold price in 2002?
Gold averaged $310.48 per troy ounce in 2002, measured by daily COMEX settlement prices. It opened the year at $278.90 and closed at $347.60.
What was the highest gold price in 2002?
The highest daily settlement in 2002 was $349.20, in December 2002. Intraday highs were slightly higher.
What was the lowest gold price in 2002?
The lowest daily settlement in 2002 was $278.10, in January 2002.
Did gold go up or down in 2002?
Gold up +24.7% in 2002, from $278.70 at the end of 2001 to $347.60. Adjusted for inflation, that closing price is about $643 in September 2026 dollars.
Educational information only, not financial advice and not a forecast. Past prices do not predict future prices. See our risk disclaimer and editorial policy.