Distance from the record
This close sat 18.66% 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 16 May 2012, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 7 July 2011
Gold closed at $1,536.20 per troy ounce on 16 May 2012, down $20.60 (1.32%) from the previous close of $1,556.80.
Notable session: lowest close of the year; lowest close of the month.
This close extended a run of 4 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 18.66% 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 249 of 249 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,490.40, making this a +3.07% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,536.20 per troy ounce on 16 May 2012. That is $20.60 lower than the previous close of $1,556.80, a move of -1.32%.
The gold price fell on 16 May 2012, losing $20.60 (1.32%) against the previous session's close of $1,556.80.
At $1,536.20 per troy ounce, one gram of pure gold was worth about $49.39 on 16 May 2012. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 May 2012 18k gold was worth about $37.04 per gram and 14k about $28.81 per gram, against $49.39 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 56.5 on 16 May 2012, meaning one ounce of gold was worth roughly 56.5 ounces of silver.
A week before 16 May 2012, gold was around $1,593.70 per troy ounce, so the close of $1,536.20 is a loss of 3.6% over the week.
A month before 16 May 2012, gold was around $1,648.70 per troy ounce, so the close of $1,536.20 is a loss of 6.8% over the month.
This close was session 4 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 18.66% below the highest close on record up to that date, which was set on 2011-08-22.