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 22 May 2023, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,974.80 per troy ounce on 22 May 2023, down $3.900 (0.20%) from the previous close of $1,978.70.
This was the strongest close of the week up to that point.
This close sat 3.74% below the highest gold close recorded up to that date, set on 2020-08-06.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,841.80, making this a +7.22% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,974.80 per troy ounce on 22 May 2023. That is $3.90 lower than the previous close of $1,978.70, a move of -0.20%.
The gold price fell on 22 May 2023, losing $3.90 (0.20%) against the previous session's close of $1,978.70.
At $1,974.80 per troy ounce, one gram of pure gold was worth about $63.49 on 22 May 2023. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 22 May 2023 18k gold was worth about $47.62 per gram and 14k about $37.04 per gram, against $63.49 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 83.3 on 22 May 2023, meaning one ounce of gold was worth roughly 83.3 ounces of silver.
A week before 22 May 2023, gold was around $2,018.00 per troy ounce, so the close of $1,974.80 is a loss of 2.1% over the week.
It closed 3.74% below the highest close on record up to that date, which was set on 2020-08-06.