Gold price in August 2002: daily prices, high, low and change
Gold closed August 2002 at $312.40 an ounce, up 3.03% on the month. The highest close was $314.30 on 7 Aug and the lowest $304.00 on 1 Aug. Every trading day below, with ranks and context computed from COMEX data.
Gold price chart, August 2002 (daily close and high-low range, US$ per ounce)
Gold line = daily settlement; bars = intraday high to low where available; dashed line = July 2002 close ($303.20).
Daily gold prices in August 2002 (22 trading days)
| Date | Open | High | Low | Close | Change | % change |
|---|---|---|---|---|---|---|
| Thu 1 Aug | $303.20 | $304.80 | $298.00 | $304.00 | +$0.80 | +0.26% |
| Fri 2 Aug | $303.60 | $307.90 | $303.60 | $307.00 | +$3.00 | +0.99% |
| Mon 5 Aug | $307.50 | $309.60 | $306.50 | $307.80 | +$0.80 | +0.26% |
| Tue 6 Aug | $307.50 | $307.50 | $304.80 | $305.50 | −$2.30 | −0.75% |
| Wed 7 Aug best day | $308.00 | $315.50 | $307.90 | $314.30 | +$8.80 | +2.88% |
| Thu 8 Aug | $314.60 | $314.60 | $310.30 | $310.40 | −$3.90 | −1.24% |
| Fri 9 Aug | $310.00 | $315.00 | $310.00 | $314.20 | +$3.80 | +1.22% |
| Mon 12 Aug | $313.80 | $318.00 | $313.80 | $314.10 | −$0.10 | −0.03% |
| Tue 13 Aug | $313.60 | $315.00 | $313.60 | $314.20 | +$0.10 | +0.03% |
| Wed 14 Aug | $317.00 | $317.00 | $311.00 | $311.80 | −$2.40 | −0.76% |
| Thu 15 Aug | $311.60 | $316.50 | $311.10 | $314.30 | +$2.50 | +0.80% |
| Fri 16 Aug | $313.10 | $315.00 | $312.20 | $313.70 | −$0.60 | −0.19% |
| Mon 19 Aug worst day | $313.10 | $313.10 | $305.50 | $306.00 | −$7.70 | −2.45% |
| Tue 20 Aug | $307.40 | $308.70 | $306.20 | $308.70 | +$2.70 | +0.88% |
| Wed 21 Aug | $307.50 | $308.00 | $306.00 | $307.60 | −$1.10 | −0.36% |
| Thu 22 Aug | $305.80 | $306.60 | $304.90 | $306.60 | −$1.00 | −0.33% |
| Fri 23 Aug | $305.50 | $306.70 | $305.20 | $306.70 | +$0.10 | +0.03% |
| Mon 26 Aug | $310.50 | $310.50 | $309.40 | $309.40 | +$2.70 | +0.88% |
| Tue 27 Aug | $308.50 | $312.90 | $308.50 | $312.30 | +$2.90 | +0.94% |
| Wed 28 Aug | $311.90 | $312.50 | $309.40 | $309.40 | −$2.90 | −0.93% |
| Thu 29 Aug | $312.00 | $312.90 | $312.00 | $312.90 | +$3.50 | +1.13% |
| Fri 30 Aug | — | — | — | $312.40 | −$0.50 | −0.16% |
Close = COMEX gold futures settlement in US dollars per troy ounce; change is against the previous trading day's close. Open, high and low are shown as — on 1 day where the source has no usable intraday data (common before 2012, when the front-month contract traded thinly in the data feed).
Monthly open, high, low and close
| August 2002 | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| Settlements | $304.00 | $314.30 | $304.00 | $312.40 | +3.03% |
| Intraday | $303.20 | $318.00 12 Aug | $298.00 1 Aug | $312.40 | — |
Settlements: first, highest, lowest and last daily close of the month (the basis used on the 2002 page and the monthly returns heatmap). Intraday: the highest and lowest traded prices in the daily bars.
Source: COMEX gold futures (GC=F) daily settlements and intraday bars via Yahoo Finance; US CPI (FRED CPIAUCSL) for the inflation adjustment; World Bank Pink Sheet for the monthly London average. Figures are final settlements; sources may occasionally revise historical data.
Gold in August 2002: summary
Gold advanced 3.03% in August 2002, from $303.20 at the end of July 2002 to $312.40 an ounce. Gold closed higher on 12 of 22 trading days and lower on 10; the strongest session was 7 August 2002 (+2.88%) and the weakest 19 August 2002 (−2.45%). Settlement prices ranged from $304.00 on 1 August 2002 to $314.30 on 7 August 2002, a spread of $10.30 (3.4%), narrower than the 5.0% average of the previous 12 months.
How August 2002 compares
- Against other Augusts: at +3.03%, August 2002 ranks 14th of 26 Augusts since 2001 (best first).
- Against every month: it ranks 102nd of 313 months since September 2000, better than 68% of them.
- Range: the gap between the highest and lowest close was $10.30, or 3.4% of the opening level, 0.7× the 5.0% average of the previous 12 months.
- Daily moves: the average day moved 0.80% (up or down), against 0.62% over the previous 12 months, so August 2002 was more volatile than usual.
- Streaks: the longest run of higher closes was 3 days and the longest run of lower closes 2 days.
- Bigger picture: at the month-end close gold was +12.09% for 2002 to the end of August and +13.85% over 12 months (against the August 2001 close of $274.40).
- Average price: the mean of the 22 daily closes was $310.15; the World Bank's monthly average of the London (LBMA) price was $310.00.
Across the other 25 completed Augusts since 2001, gold averaged +2.48% and rose in 18 of them (72%). August 2002 beat that average by 0.6 percentage points. The gold seasonality tool shows the same statistics for every calendar month, and the monthly returns heatmap lays out all Augusts side by side.
August 2002 in today's dollars
Adjusted for US consumer-price inflation, the $312.40 closing price equals about $582 in September 2026 dollars (CPI 180.5 in August 2002 against 336.3 in September 2026, FRED series CPIAUCSL), 86% more than the nominal figure. The gold price history hub restates every year's close on the same basis, and the all-time-high tracker lists every record close in nominal dollars.
Gold price by month in 2002
The gold price in 2002 page has the year's open, high, low and close, and the monthly archive on the gold price history hub explains how these month pages are built.
Frequently asked questions
What was the gold price in August 2002?
Gold closed August 2002 at $312.40 an ounce (COMEX settlement). It opened the month at $304.00 and averaged $310.15 across 22 trading days; the World Bank’s London average for the month was $310.00.
Did gold go up in August 2002?
Yes. Gold was up 3.03% in August 2002, from $303.20 at the end of July 2002 to $312.40. It closed higher on 12 of 22 days. Among Augusts since 2001 it ranks 14th of 26 (best first).
What was the highest gold price in August 2002?
The highest close was $314.30 on 7 August 2002. The highest intraday price in the daily bars was $318.00 on 12 August 2002.
What was the lowest gold price in August 2002?
The lowest close was $304.00 on 1 August 2002, $10.30 (3.4%) below the month’s highest close. The lowest intraday price was $298.00 on 1 August 2002.
Educational information only, not financial advice and not a forecast. Past prices do not predict future prices. See our risk disclaimer and editorial policy.