Distance from the record
This close sat 31.76% below the highest gold close recorded up to that date, set on 2011-08-22.
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This page is a historical record of the gold price in 15 May 2018, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 27 December 2017
Gold closed at $1,288.90 per troy ounce on 15 May 2018, down $27.60 (2.10%) from the previous close of $1,316.50.
Gold lost 2.10% in one session, far more than a normal day's range. Falls this size rarely happen in isolation — the days on either side give the move its context.
This close sat 31.76% below the highest gold close recorded up to that date, set on 2011-08-22.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,228.60, making this a +4.91% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,288.90 per troy ounce on 15 May 2018. That is $27.60 lower than the previous close of $1,316.50, a move of -2.10%.
The gold price fell on 15 May 2018, losing $27.60 (2.10%) against the previous session's close of $1,316.50.
At $1,288.90 per troy ounce, one gram of pure gold was worth about $41.44 on 15 May 2018. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 15 May 2018 18k gold was worth about $31.08 per gram and 14k about $24.17 per gram, against $41.44 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 79.6 on 15 May 2018, meaning one ounce of gold was worth roughly 79.6 ounces of silver.
This close was session 3 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 31.76% below the highest close on record up to that date, which was set on 2011-08-22.