Gold Price in May 2011
In May 2011, gold fell 1.3%, from $1,556.00 at the end of April to $1,535.90 per troy ounce on May 31, 2011. The highest close was $1,556.70 on May 2, 2011, the lowest $1,479.80 on May 17, 2011, and the average over 21 trading days was $1,511.01. Today's price is 163.0% higher than the May 2011 close.
Gold price chart, May 2011
US dollars per troy ounce · daily closeDaily Gold Prices, May 2011
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 2Mon | $1,556.70 | +0.04% | $50.05 | ₹22,146 | AED 183.82 |
| May 3Tue | $1,540.10 | −1.07% | $49.52 | ₹21,896 | AED 181.86 |
| May 4Wed | $1,514.90 | −1.64% | $48.71 | ₹21,630 | AED 178.88 |
| May 5Thu | $1,480.90 | −2.24% | $47.61 | ₹21,102 | AED 174.87 |
| May 6Fri | $1,491.20 | +0.70% | $47.94 | ₹21,431 | AED 176.09 |
| May 9Mon | $1,502.90 | +0.78% | $48.32 | ₹21,610 | AED 177.47 |
| May 10Tue | $1,516.60 | +0.91% | $48.76 | ₹21,752 | AED 179.09 |
| May 11Wed | $1,501.10 | −1.02% | $48.26 | ₹21,529 | AED 177.25 |
| May 12Thu | $1,506.60 | +0.37% | $48.44 | ₹21,594 | AED 177.91 |
| May 13Fri | $1,493.40 | −0.88% | $48.01 | ₹21,467 | AED 176.35 |
| May 16Mon | $1,490.40 | −0.20% | $47.92 | ₹21,495 | AED 175.99 |
| May 17Tue | $1,479.80 | −0.71% | $47.58 | ₹21,390 | AED 174.74 |
| May 18Wed | $1,495.60 | +1.07% | $48.08 | ₹21,643 | AED 176.61 |
| May 19Thu | $1,492.20 | −0.23% | $47.98 | ₹21,570 | AED 176.20 |
| May 20Fri | $1,508.80 | +1.11% | $48.51 | ₹21,756 | AED 178.16 |
| May 23Mon | $1,515.30 | +0.43% | $48.72 | ₹21,920 | AED 178.94 |
| May 24Tue | $1,523.20 | +0.52% | $48.97 | ₹22,111 | AED 179.87 |
| May 25Wed | $1,526.60 | +0.22% | $49.08 | ₹22,165 | AED 180.27 |
| May 26Thu | $1,522.80 | −0.25% | $48.96 | ₹22,144 | AED 179.82 |
| May 27Fri | $1,536.30 | +0.89% | $49.39 | ₹22,321 | AED 181.41 |
| May 31Tue | $1,535.90 | −0.03% | $49.38 | ₹22,262 | AED 181.36 |
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 2011: FAQ
What was the price of gold in May 2011?
Gold traded between $1,479.80 and $1,556.70 per troy ounce (daily closes) in May 2011, averaging $1,511.01. It closed the month at $1,535.90.
How much did gold go down in May 2011?
Gold fell 1.3%, from $1,556.00 to $1,535.90. The biggest daily rise was +1.1% on May 20, 2011 and the biggest fall −2.2% on May 5, 2011.
What was the gold price on May 2, 2011?
Gold closed at $1,556.70 per troy ounce on May 2, 2011, the first trading day of the month. 24K India, ₹ per 10 g: ₹22,146.
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.