Gold Price in May 2020
In May 2020, gold rose 4.0%, from $1,684.20 at the end of April to $1,751.70 per troy ounce on May 29, 2020. The highest close was $1,753.40 on May 15, 2020, the lowest $1,684.20 on May 6, 2020, and the average over 20 trading days was $1,719.43. Today's price is 135.8% higher than the May 2020 close.
Gold price chart, May 2020
US dollars per troy ounce · daily closeDaily Gold Prices, May 2020
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 1Fri | $1,694.50 | +0.61% | $54.48 | ₹41,252 | AED 200.10 |
| May 4Mon | $1,706.90 | +0.73% | $54.88 | ₹41,488 | AED 201.54 |
| May 5Tue | $1,704.40 | −0.15% | $54.80 | ₹41,564 | AED 201.23 |
| May 6Wed | $1,684.20 | −1.19% | $54.15 | ₹41,245 | AED 198.84 |
| May 7Thu | $1,721.80 | +2.23% | $55.36 | ₹42,155 | AED 203.28 |
| May 8Fri | $1,709.90 | −0.69% | $54.97 | ₹41,825 | AED 201.88 |
| May 11Mon | $1,695.30 | −0.85% | $54.51 | ₹41,165 | AED 200.17 |
| May 12Tue | $1,704.40 | +0.54% | $54.80 | ₹41,816 | AED 201.23 |
| May 13Wed | $1,713.90 | +0.56% | $55.10 | ₹41,702 | AED 202.34 |
| May 14Thu | $1,738.10 | +1.41% | $55.88 | ₹42,149 | AED 205.25 |
| May 15Fri | $1,753.40 | +0.88% | $56.37 | ₹42,553 | AED 207.01 |
| May 18Mon | $1,731.80 | −1.23% | $55.68 | ₹42,216 | AED 204.49 |
| May 19Tue | $1,744.20 | +0.72% | $56.08 | ₹42,395 | AED 205.93 |
| May 20Wed | $1,750.60 | +0.37% | $56.28 | ₹42,775 | AED 206.68 |
| May 21Thu | $1,720.50 | −1.72% | $55.32 | ₹41,918 | AED 203.13 |
| May 22Fri | $1,734.60 | +0.82% | $55.77 | ₹42,175 | AED 204.79 |
| May 26Tue | $1,704.80 | −1.72% | $54.81 | ₹41,716 | AED 201.28 |
| May 27Wed | $1,710.30 | +0.32% | $54.99 | ₹41,691 | AED 201.92 |
| May 28Thu | $1,713.30 | +0.18% | $55.08 | ₹41,935 | AED 202.32 |
| May 29Fri | $1,751.70 | +2.24% | $56.32 | ₹42,780 | AED 206.81 |
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 2020: FAQ
What was the price of gold in May 2020?
Gold traded between $1,684.20 and $1,753.40 per troy ounce (daily closes) in May 2020, averaging $1,719.43. It closed the month at $1,751.70.
How much did gold go up in May 2020?
Gold rose 4.0%, from $1,684.20 to $1,751.70. The biggest daily rise was +2.2% on May 29, 2020 and the biggest fall −1.7% on May 21, 2020.
What was the gold price on May 1, 2020?
Gold closed at $1,694.50 per troy ounce on May 1, 2020, the first trading day of the month. 24K India, ₹ per 10 g: ₹41,252.
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.