Distance from the record
This close sat 11.10% below the highest gold close recorded up to that date, set on 2020-08-06.
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This page is a historical record of the gold price in 12 May 2022, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 7 February 2022
Gold closed at $1,823.80 per troy ounce on 12 May 2022, down $28.80 (1.55%) from the previous close of $1,852.60.
Gold moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
This close sat 11.10% below the highest gold close recorded up to that date, set on 2020-08-06.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,822.60, making this a +0.07% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,823.80 per troy ounce on 12 May 2022. That is $28.80 lower than the previous close of $1,852.60, a move of -1.55%.
The gold price fell on 12 May 2022, losing $28.80 (1.55%) against the previous session's close of $1,852.60.
At $1,823.80 per troy ounce, one gram of pure gold was worth about $58.64 on 12 May 2022. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 12 May 2022 18k gold was worth about $43.98 per gram and 14k about $34.20 per gram, against $58.64 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 87.9 on 12 May 2022, meaning one ounce of gold was worth roughly 87.9 ounces of silver.
A week before 12 May 2022, gold was around $1,874.00 per troy ounce, so the close of $1,823.80 is a loss of 2.7% over the week.
A month before 12 May 2022, gold was around $1,972.10 per troy ounce, so the close of $1,823.80 is a loss of 7.5% over the month.
It closed 11.10% below the highest close on record up to that date, which was set on 2020-08-06.