Gold price in October 2002: daily prices, high, low and change
Gold closed October 2002 at $318.00 an ounce, down 1.82% on the month. The highest close was $322.10 on 4 Oct and the lowest $310.70 on 24 Oct. Every trading day below, with ranks and context computed from COMEX data.
Gold price chart, October 2002 (daily close and high-low range, US$ per ounce)
Gold line = daily settlement; bars = intraday high to low where available; dashed line = September 2002 close ($323.90).
Daily gold prices in October 2002 (23 trading days)
| Date | Open | High | Low | Close | Change | % change |
|---|---|---|---|---|---|---|
| Tue 1 Oct | $322.00 | $322.00 | $320.90 | $320.90 | −$3.00 | −0.93% |
| Wed 2 Oct | $319.60 | $321.50 | $319.60 | $321.50 | +$0.60 | +0.19% |
| Thu 3 Oct | $321.00 | $322.90 | $321.00 | $321.10 | −$0.40 | −0.12% |
| Fri 4 Oct | $321.40 | $322.10 | $321.40 | $322.10 | +$1.00 | +0.31% |
| Mon 7 Oct | $322.00 | $322.20 | $321.90 | $321.90 | −$0.20 | −0.06% |
| Tue 8 Oct | $319.00 | $319.70 | $318.20 | $318.20 | −$3.70 | −1.15% |
| Wed 9 Oct | $318.20 | $319.60 | $318.20 | $319.60 | +$1.40 | +0.44% |
| Thu 10 Oct | $319.00 | $319.30 | $316.50 | $316.50 | −$3.10 | −0.97% |
| Fri 11 Oct | $316.70 | $317.00 | $316.30 | $316.30 | −$0.20 | −0.06% |
| Mon 14 Oct | $318.00 | $318.00 | $317.80 | $317.80 | +$1.50 | +0.47% |
| Tue 15 Oct worst day | $315.50 | $315.50 | $312.60 | $312.60 | −$5.20 | −1.64% |
| Wed 16 Oct | $314.50 | $314.50 | $314.00 | $314.00 | +$1.40 | +0.45% |
| Thu 17 Oct | $314.00 | $314.00 | $311.50 | $311.60 | −$2.40 | −0.76% |
| Fri 18 Oct | $312.20 | $313.20 | $311.80 | $312.70 | +$1.10 | +0.35% |
| Mon 21 Oct | $310.90 | $313.00 | $310.90 | $310.90 | −$1.80 | −0.58% |
| Tue 22 Oct | $313.30 | $313.30 | $312.30 | $313.00 | +$2.10 | +0.68% |
| Wed 23 Oct | $313.30 | $313.30 | $312.00 | $312.00 | −$1.00 | −0.32% |
| Thu 24 Oct | $311.70 | $311.70 | $309.80 | $310.70 | −$1.30 | −0.42% |
| Fri 25 Oct best day | $314.00 | $314.00 | $312.80 | $313.40 | +$2.70 | +0.87% |
| Mon 28 Oct | $314.00 | $315.20 | $314.00 | $315.20 | +$1.80 | +0.57% |
| Tue 29 Oct | $317.70 | $317.70 | $316.00 | $317.70 | +$2.50 | +0.79% |
| Wed 30 Oct | $316.50 | $316.50 | $316.00 | $316.50 | −$1.20 | −0.38% |
| Thu 31 Oct | — | — | — | $318.00 | +$1.50 | +0.47% |
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
| October 2002 | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| Settlements | $320.90 | $322.10 | $310.70 | $318.00 | −1.82% |
| Intraday | $322.00 | $322.90 3 Oct | $309.80 24 Oct | $318.00 | — |
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 October 2002: summary
Gold edged lower 1.82% in October 2002, settling the month at $318.00 an ounce against $323.90 at the end of September 2002. Gold closed higher on 11 of 23 trading days and lower on 12; the strongest session was 25 October 2002 (+0.87%) and the weakest 15 October 2002 (−1.64%). Settlement prices ranged from $310.70 on 24 October 2002 to $322.10 on 4 October 2002, a spread of $11.40 (3.5%), narrower than the 4.6% average of the previous 12 months.
How October 2002 compares
- Against other Octobers: at −1.82%, October 2002 ranks 19th of 26 Octobers since 2000 (best first).
- Against every month: it ranks 230th of 313 months since September 2000, better than 27% of them.
- Range: the gap between the highest and lowest close was $11.40, or 3.5% of the opening level, 0.8× the 4.6% average of the previous 12 months.
- Daily moves: the average day moved 0.56% (up or down), against 0.62% over the previous 12 months, so October 2002 was about as volatile as 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 +14.10% for 2002 to the end of October and +13.77% over 12 months (against the October 2001 close of $279.50).
- Average price: the mean of the 23 daily closes was $316.27; the World Bank's monthly average of the London (LBMA) price was $317.00.
Across the other 25 completed Octobers since 2000, gold averaged +0.21% and rose in 13 of them (52%). October 2002 lagged that average by 2.0 percentage points. The gold seasonality tool shows the same statistics for every calendar month, and the monthly returns heatmap lays out all Octobers side by side.
October 2002 in today's dollars
Adjusted for US consumer-price inflation, the $318.00 closing price equals about $590 in September 2026 dollars (CPI 181.2 in October 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 October 2002?
Gold closed October 2002 at $318.00 an ounce (COMEX settlement). It opened the month at $320.90 and averaged $316.27 across 23 trading days; the World Bank’s London average for the month was $317.00.
Did gold go up in October 2002?
No. Gold was down 1.82% in October 2002, from $323.90 at the end of September 2002 to $318.00. It closed higher on 11 of 23 days. Among Octobers since 2000 it ranks 19th of 26 (best first).
What was the highest gold price in October 2002?
The highest close was $322.10 on 4 October 2002. The highest intraday price in the daily bars was $322.90 on 3 October 2002.
What was the lowest gold price in October 2002?
The lowest close was $310.70 on 24 October 2002, $11.40 (3.5%) below the month’s highest close. The lowest intraday price was $309.80 on 24 October 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.