Gold Price in May 2016
In May 2016, gold fell 5.8%, from $1,289.20 at the end of April to $1,214.80 per troy ounce on May 31, 2016. The highest close was $1,294.70 on May 2, 2016, the lowest $1,213.80 on May 27, 2016, and the average over 21 trading days was $1,259.59. Today's price is 232.7% higher than the May 2016 close.
Gold price chart, May 2016
US dollars per troy ounce · daily closeDaily Gold Prices, May 2016
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 | $1,294.70 | +0.43% | $41.63 | ₹27,647 | AED 152.84 |
| May 3Tue | $1,290.70 | −0.31% | $41.50 | ₹27,542 | AED 152.38 |
| May 4Wed | $1,273.30 | −1.35% | $40.94 | ₹27,261 | AED 150.33 |
| May 5Thu | $1,271.40 | −0.15% | $40.88 | ₹27,232 | AED 150.10 |
| May 6Fri | $1,292.90 | +1.69% | $41.57 | ₹27,685 | AED 152.63 |
| May 9Mon | $1,265.60 | −2.11% | $40.69 | ₹27,097 | AED 149.42 |
| May 10Tue | $1,263.90 | −0.13% | $40.64 | ₹27,112 | AED 149.22 |
| May 11Wed | $1,274.60 | +0.85% | $40.98 | ₹27,319 | AED 150.48 |
| May 12Thu | $1,270.30 | −0.34% | $40.84 | ₹27,196 | AED 149.97 |
| May 13Fri | $1,271.90 | +0.13% | $40.89 | ₹27,296 | AED 150.19 |
| May 16Mon | $1,273.40 | +0.12% | $40.94 | ₹27,389 | AED 150.33 |
| May 17Tue | $1,276.20 | +0.22% | $41.03 | ₹27,439 | AED 150.67 |
| May 18Wed | $1,273.70 | −0.20% | $40.95 | ₹27,383 | AED 150.37 |
| May 19Thu | $1,254.20 | −1.53% | $40.32 | ₹27,081 | AED 148.07 |
| May 20Fri | $1,252.40 | −0.14% | $40.27 | ₹27,170 | AED 147.89 |
| May 23Mon | $1,251.10 | −0.10% | $40.22 | ₹27,120 | AED 147.71 |
| May 24Tue | $1,228.90 | −1.77% | $39.51 | ₹26,649 | AED 145.08 |
| May 25Wed | $1,223.50 | −0.44% | $39.34 | ₹26,611 | AED 144.45 |
| May 26Thu | $1,220.10 | −0.28% | $39.23 | ₹26,401 | AED 144.05 |
| May 27Fri | $1,213.80 | −0.52% | $39.02 | ₹26,129 | AED 143.30 |
| May 31Tue | $1,214.80 | +0.08% | $39.06 | ₹26,220 | AED 143.42 |
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 2016: FAQ
What was the price of gold in May 2016?
Gold traded between $1,213.80 and $1,294.70 per troy ounce (daily closes) in May 2016, averaging $1,259.59. It closed the month at $1,214.80.
How much did gold go down in May 2016?
Gold fell 5.8%, from $1,289.20 to $1,214.80. The biggest daily rise was +1.7% on May 6, 2016 and the biggest fall −2.1% on May 9, 2016.
What was the gold price on May 2, 2016?
Gold closed at $1,294.70 per troy ounce on May 2, 2016, the first trading day of the month. 24K India, ₹ per 10 g: ₹27,647.
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.