Distance from the record
This close sat 31.69% 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 18 May 2018, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,290.20 per troy ounce on 18 May 2018, up $2.000 (0.16%) from the previous close of $1,288.20.
This close sat 31.69% 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 $1,251.70, making this a +3.08% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,290.20 per troy ounce on 18 May 2018. That is $2.00 higher than the previous close of $1,288.20, a move of 0.16%.
The gold price rose on 18 May 2018, gaining $2.00 (0.16%) against the previous session's close of $1,288.20.
At $1,290.20 per troy ounce, one gram of pure gold was worth about $41.48 on 18 May 2018. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 18 May 2018 18k gold was worth about $31.11 per gram and 14k about $24.20 per gram, against $41.48 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 78.7 on 18 May 2018, meaning one ounce of gold was worth roughly 78.7 ounces of silver.
A week before 18 May 2018, gold was around $1,319.00 per troy ounce, so the close of $1,290.20 is a loss of 2.2% over the week.
It closed 31.69% below the highest close on record up to that date, which was set on 2011-08-22.