Highest so far that week
This was the strongest close of the week up to that point.
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This page is a historical record of the gold price in 14 May 2012, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 29 December 2011
Gold closed at $1,560.60 per troy ounce on 14 May 2012, down $23.00 (1.45%) from the previous close of $1,583.60.
This was the strongest close of the week up to that point.
This close sat 17.37% below the highest gold close recorded up to that date, set on 2011-08-22.
One of the ten lowest gold closes of that year, ranking 243 of 249 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,493.40, making this a +4.50% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,560.60 per troy ounce on 14 May 2012. That is $23.00 lower than the previous close of $1,583.60, a move of -1.45%.
The gold price fell on 14 May 2012, losing $23.00 (1.45%) against the previous session's close of $1,583.60.
At $1,560.60 per troy ounce, one gram of pure gold was worth about $50.17 on 14 May 2012. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 14 May 2012 18k gold was worth about $37.63 per gram and 14k about $29.27 per gram, against $50.17 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 55.1 on 14 May 2012, meaning one ounce of gold was worth roughly 55.1 ounces of silver.
A week before 14 May 2012, gold was around $1,638.60 per troy ounce, so the close of $1,560.60 is a loss of 4.8% over the week.
A month before 14 May 2012, gold was around $1,659.10 per troy ounce, so the close of $1,560.60 is a loss of 5.9% over the month.
It closed 17.37% below the highest close on record up to that date, which was set on 2011-08-22.