Gold price archive · USD per troy ounce
Gold Price May 2024
In May 2024, gold closed between $2,308.60 and $2,438.50 per ounce, a change of +0.87% for the month.
- Open
- $2,311.00
- High close
- $2,438.50
- Low close
- $2,308.60
- Close
- $2,322.90
- Average
- $2,355.25
- Vs. May 2023
- +18.28%
Daily gold prices, May 2024
| Date | Close (USD/oz) | Per gram | Daily change |
|---|---|---|---|
| Fri, May 31 | $2,322.90 | $74.68 | −0.85% |
| Thu, May 30 | $2,342.90 | $75.33 | +0.07% |
| Wed, May 29 | $2,341.20 | $75.27 | −0.65% |
| Tue, May 28 | $2,356.50 | $75.76 | +0.94% |
| Fri, May 24 | $2,334.50 | $75.06 | −0.12% |
| Thu, May 23 | $2,337.20 | $75.14 | −2.33% |
| Wed, May 22 | $2,392.90 | $76.93 | −1.36% |
| Tue, May 21 | $2,425.90 | $77.99 | −0.52% |
| Mon, May 20 | $2,438.50 | $78.40 | +0.87% |
| Fri, May 17 | $2,417.40 | $77.72 | +1.34% |
| Thu, May 16 | $2,385.50 | $76.70 | −0.39% |
| Wed, May 15 | $2,394.90 | $77.00 | +1.48% |
| Tue, May 14 | $2,359.90 | $75.87 | +0.72% |
| Mon, May 13 | $2,343.00 | $75.33 | −1.35% |
| Fri, May 10 | $2,375.00 | $76.36 | +1.48% |
| Thu, May 9 | $2,340.30 | $75.24 | +0.78% |
| Wed, May 8 | $2,322.30 | $74.66 | −0.08% |
| Tue, May 7 | $2,324.20 | $74.72 | −0.30% |
| Mon, May 6 | $2,331.20 | $74.95 | +0.98% |
| Fri, May 3 | $2,308.60 | $74.22 | −0.04% |
| Thu, May 2 | $2,309.60 | $74.26 | −0.06% |
| Wed, May 1 | $2,311.00 | $74.30 | +0.35% |
Closing prices of the front-month COMEX gold futures contract. Intraday highs and lows are not included.
What happened to gold in May 2024
In May 2024, gold gained 0.9% against the previous month’s final close, with its highest close of $2,438.50 on May 20 and its lowest close of $2,308.60 on May 3. Across 22 trading days, gold closed higher on 10 and lower on 12. The biggest one-day gain was 1.5% on Wednesday, May 15, and the steepest drop was 2.3% on Thursday, May 23.
Gold set 2 new record closing highs during May 2024, beating every earlier close in the data since 2000.
Seasonally, May has been a positive month for gold on average: across 23 earlier years since 2001, the average May change was +0.34%, and gold rose in 12 of them. This May ranks 10th of 24 by performance.
By the end of May 2024, gold was up 12.1% for 2024 to date. See the 2024 overview for every month of the year.
Figures use daily closing prices of the front-month COMEX gold futures contract, U.S. Eastern Time. See how we calculate prices.
Gold price May 2024 questions
What was the price of gold in May 2024?
Gold traded between $2,308.60 and $2,438.50 per troy ounce in May 2024, based on daily closing prices. It closed the period at $2,322.90, and the average close was $2,355.25.
Did gold go up or down in May 2024?
Gold rose 0.87% from the previous month-end close.
How does May 2024 compare with a year earlier?
The month-end close of $2,322.90 is 18.3% higher than May 2023.