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 24 May 2018, not the current price.See today's gold price (11 September 2026)
Highest closing price since 14 May 2018
Gold closed at $1,303.70 per troy ounce on 24 May 2018, up $14.40 (1.12%) from the previous close of $1,289.30.
Gold moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
This was the strongest close of the week up to that point.
This close sat 30.97% 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 $1,252.40, making this a +4.10% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,303.70 per troy ounce on 24 May 2018. That is $14.40 higher than the previous close of $1,289.30, a move of 1.12%.
The gold price rose on 24 May 2018, gaining $14.40 (1.12%) against the previous session's close of $1,289.30.
At $1,303.70 per troy ounce, one gram of pure gold was worth about $41.91 on 24 May 2018. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 24 May 2018 18k gold was worth about $31.44 per gram and 14k about $24.45 per gram, against $41.91 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 78.4 on 24 May 2018, meaning one ounce of gold was worth roughly 78.4 ounces of silver.
It closed 30.97% below the highest close on record up to that date, which was set on 2011-08-22.