Distance from the record
This close sat 17.55% below the highest gold close recorded up to that date, set on 2011-08-22.
Loading…
This page is a historical record of the gold price in 24 May 2012, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,557.30 per troy ounce on 24 May 2012, up $9.200 (0.59%) from the previous close of $1,548.10.
This close sat 17.55% 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 244 of 249 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,523.20, making this a +2.24% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,557.30 per troy ounce on 24 May 2012. That is $9.20 higher than the previous close of $1,548.10, a move of 0.59%.
The gold price rose on 24 May 2012, gaining $9.20 (0.59%) against the previous session's close of $1,548.10.
At $1,557.30 per troy ounce, one gram of pure gold was worth about $50.07 on 24 May 2012. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 24 May 2012 18k gold was worth about $37.55 per gram and 14k about $29.21 per gram, against $50.07 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 55.3 on 24 May 2012, meaning one ounce of gold was worth roughly 55.3 ounces of silver.
A month before 24 May 2012, gold was around $1,643.00 per troy ounce, so the close of $1,557.30 is a loss of 5.2% over the month.
It closed 17.55% below the highest close on record up to that date, which was set on 2011-08-22.