Gold Price in May 2018
In May 2018, gold fell 1.2%, from $1,316.20 at the end of April to $1,300.10 per troy ounce on May 31, 2018. The highest close was $1,320.80 on May 10, 2018, the lowest $1,288.20 on May 17, 2018, and the average over 22 trading days was $1,302.62. Today's price is 217.8% higher than the May 2018 close.
Gold price chart, May 2018
US dollars per troy ounce · daily closeDaily Gold Prices, May 2018
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 1Tue | $1,303.80 | −0.94% | $41.92 | ₹27,855 | AED 153.95 |
| May 2Wed | $1,302.60 | −0.09% | $41.88 | ₹27,971 | AED 153.82 |
| May 3Thu | $1,310.70 | +0.62% | $42.14 | ₹28,268 | AED 154.75 |
| May 4Fri | $1,312.70 | +0.15% | $42.20 | ₹28,133 | AED 154.97 |
| May 7Mon | $1,312.20 | −0.04% | $42.19 | ₹28,186 | AED 154.94 |
| May 8Tue | $1,312.00 | −0.02% | $42.18 | ₹28,312 | AED 154.90 |
| May 9Wed | $1,311.30 | −0.05% | $42.16 | ₹28,315 | AED 154.82 |
| May 10Thu | $1,320.80 | +0.72% | $42.46 | ₹28,715 | AED 155.94 |
| May 11Fri | $1,319.00 | −0.14% | $42.41 | ₹28,578 | AED 155.73 |
| May 14Mon | $1,316.50 | −0.19% | $42.33 | ₹28,520 | AED 155.45 |
| May 15Tue | $1,288.90 | −2.10% | $41.44 | ₹28,045 | AED 152.16 |
| May 16Wed | $1,290.20 | +0.10% | $41.48 | ₹28,398 | AED 152.32 |
| May 17Thu | $1,288.20 | −0.16% | $41.42 | ₹28,188 | AED 152.09 |
| May 18Fri | $1,290.20 | +0.16% | $41.48 | ₹28,265 | AED 152.33 |
| May 21Mon | $1,290.20 | 0.00% | $41.48 | ₹28,197 | AED 152.34 |
| May 22Tue | $1,291.70 | +0.12% | $41.53 | ₹28,406 | AED 152.50 |
| May 23Wed | $1,289.30 | −0.19% | $41.45 | ₹28,366 | AED 152.22 |
| May 24Thu | $1,303.70 | +1.12% | $41.91 | ₹28,775 | AED 153.92 |
| May 25Fri | $1,303.30 | −0.03% | $41.90 | ₹28,602 | AED 153.87 |
| May 29Tue | $1,298.70 | −0.35% | $41.75 | ₹28,143 | AED 153.33 |
| May 30Wed | $1,301.50 | +0.22% | $41.84 | ₹28,508 | AED 153.66 |
| May 31Thu | $1,300.10 | −0.11% | $41.80 | ₹28,185 | AED 153.49 |
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 2018: FAQ
What was the price of gold in May 2018?
Gold traded between $1,288.20 and $1,320.80 per troy ounce (daily closes) in May 2018, averaging $1,302.62. It closed the month at $1,300.10.
How much did gold go down in May 2018?
Gold fell 1.2%, from $1,316.20 to $1,300.10. The biggest daily rise was +1.1% on May 24, 2018 and the biggest fall −2.1% on May 15, 2018.
What was the gold price on May 1, 2018?
Gold closed at $1,303.80 per troy ounce on May 1, 2018, the first trading day of the month. 24K India, ₹ per 10 g: ₹27,855.
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.