Distance from the record
This close sat 33.56% 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 23 May 2017, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,254.80 per troy ounce on 23 May 2017, down $5.900 (0.47%) from the previous close of $1,260.70.
This close sat 33.56% 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 $1,251.10, making this a +0.30% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,254.80 per troy ounce on 23 May 2017. That is $5.90 lower than the previous close of $1,260.70, a move of -0.47%.
The gold price fell on 23 May 2017, losing $5.90 (0.47%) against the previous session's close of $1,260.70.
At $1,254.80 per troy ounce, one gram of pure gold was worth about $40.34 on 23 May 2017. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 23 May 2017 18k gold was worth about $30.26 per gram and 14k about $23.53 per gram, against $40.34 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 73.4 on 23 May 2017, meaning one ounce of gold was worth roughly 73.4 ounces of silver.
It closed 33.56% below the highest close on record up to that date, which was set on 2011-08-22.