Distance from the record
This close sat 26.56% 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 2013, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 17 April 2013
Gold closed at $1,387.10 per troy ounce on 16 May 2013, down $9.400 (0.67%) from the previous close of $1,396.50.
This close extended a run of 6 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 26.56% 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 $1,536.20, making this a -9.71% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,387.10 per troy ounce on 16 May 2013. That is $9.40 lower than the previous close of $1,396.50, a move of -0.67%.
The gold price fell on 16 May 2013, losing $9.40 (0.67%) against the previous session's close of $1,396.50.
At $1,387.10 per troy ounce, one gram of pure gold was worth about $44.60 on 16 May 2013. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 May 2013 18k gold was worth about $33.45 per gram and 14k about $26.01 per gram, against $44.60 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 61.3 on 16 May 2013, meaning one ounce of gold was worth roughly 61.3 ounces of silver.
A week before 16 May 2013, gold was around $1,468.80 per troy ounce, so the close of $1,387.10 is a loss of 5.6% over the week.
This close was session 6 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 26.56% below the highest close on record up to that date, which was set on 2011-08-22.