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 2022, not the current price.See today's gold price (11 September 2026)
Highest closing price since 6 May 2022
Gold closed at $1,865.10 per troy ounce on 24 May 2022, up $17.30 (0.94%) from the previous close of $1,847.80.
This close extended a run of 4 consecutive sessions of gains. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This was the strongest close of the week up to that point.
This close sat 9.09% 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 $1,884.60, making this a -1.03% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,865.10 per troy ounce on 24 May 2022. That is $17.30 higher than the previous close of $1,847.80, a move of 0.94%.
The gold price rose on 24 May 2022, gaining $17.30 (0.94%) against the previous session's close of $1,847.80.
At $1,865.10 per troy ounce, one gram of pure gold was worth about $59.96 on 24 May 2022. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 24 May 2022 18k gold was worth about $44.97 per gram and 14k about $34.98 per gram, against $59.96 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 84.5 on 24 May 2022, meaning one ounce of gold was worth roughly 84.5 ounces of silver.
A week before 24 May 2022, gold was around $1,818.20 per troy ounce, so the close of $1,865.10 is a gain of 2.6% over the week.
This close was session 4 of a consecutive run of gains. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 9.09% below the highest close on record up to that date, which was set on 2020-08-06.