Gold Price in May 2008
In May 2008, gold rose 2.8%, from $862.80 at the end of April to $887.30 per troy ounce on May 30, 2008. The highest close was $928.00 on May 21, 2008, the lowest $848.90 on May 1, 2008, and the average over 21 trading days was $888.20. Today's price is 355.4% higher than the May 2008 close.
Gold price chart, May 2008
US dollars per troy ounce · daily closeDaily Gold Prices, May 2008
Closing price for every trading day, with the same price in INR and AED at that day's exchange rate.
| Date | Close (USD per oz) | Change | USD per gram | 24K India, ₹ per 10 g | 24K UAE, AED per gram |
|---|---|---|---|---|---|
| May 1Thu | $848.90 | −1.61% | $27.29 | ₹11,022 | AED 100.19 |
| May 2Fri | $856.10 | +0.85% | $27.52 | ₹11,143 | AED 101.06 |
| May 5Mon | $872.30 | +1.89% | $28.05 | ₹11,364 | AED 102.98 |
| May 6Tue | $876.00 | +0.42% | $28.16 | ₹11,455 | AED 103.42 |
| May 7Wed | $869.60 | −0.73% | $27.96 | ₹11,551 | AED 102.66 |
| May 8Thu | $880.60 | +1.26% | $28.31 | ₹11,806 | AED 103.96 |
| May 9Fri | $884.50 | +0.44% | $28.44 | ₹11,776 | AED 104.44 |
| May 12Mon | $883.70 | −0.09% | $28.41 | ₹11,885 | AED 104.33 |
| May 13Tue | $868.50 | −1.72% | $27.92 | ₹11,720 | AED 102.51 |
| May 14Wed | $865.40 | −0.36% | $27.82 | ₹11,787 | AED 102.17 |
| May 15Thu | $879.00 | +1.57% | $28.26 | ₹11,974 | AED 103.77 |
| May 16Fri | $899.00 | +2.28% | $28.90 | ₹12,245 | AED 106.14 |
| May 19Mon | $905.00 | +0.67% | $29.10 | ₹12,323 | AED 106.84 |
| May 20Tue | $919.50 | +1.60% | $29.56 | ₹12,597 | AED 108.52 |
| May 21Wed | $928.00 | +0.92% | $29.84 | ₹12,716 | AED 109.53 |
| May 22Thu | $917.90 | −1.09% | $29.51 | ₹12,713 | AED 108.36 |
| May 23Fri | $925.60 | +0.84% | $29.76 | ₹12,680 | AED 109.28 |
| May 27Tue | $907.70 | −1.93% | $29.18 | ₹12,494 | AED 107.13 |
| May 28Wed | $900.50 | −0.79% | $28.95 | ₹12,383 | AED 106.31 |
| May 29Thu | $877.20 | −2.59% | $28.20 | ₹12,036 | AED 103.56 |
| May 30Fri | $887.30 | +1.15% | $28.53 | ₹12,133 | AED 104.75 |
How May usually goes for gold
In the 20 years from 2006 to 2025, gold rose in May 9 times out of 20, with an average move of −0.2% and a median of −1.1%.
Gold in May 2008: FAQ
What was the price of gold in May 2008?
Gold traded between $848.90 and $928.00 per troy ounce (daily closes) in May 2008, averaging $888.20. It closed the month at $887.30.
How much did gold go up in May 2008?
Gold rose 2.8%, from $862.80 to $887.30. The biggest daily rise was +2.3% on May 16, 2008 and the biggest fall −2.6% on May 29, 2008.
What was the gold price on May 1, 2008?
Gold closed at $848.90 per troy ounce on May 1, 2008, the first trading day of the month. 24K India, ₹ per 10 g: ₹11,022.
Is May usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in May 9 times out of 20, with an average move of −0.2% and a median of −1.1%. Past seasonal patterns are not a reliable guide to any single year.