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 29 May 2001, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 17 May 2001
Gold closed at $273.80 per troy ounce on 29 May 2001, down $4.100 (1.48%) from the previous close of $277.90.
This close extended a run of 6 consecutive sessions of losses. 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 4.73% below the highest gold close recorded up to that date, set on 2001-05-18.
Metal value only, before dealer margins and fabrication.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $273.80 per troy ounce on 29 May 2001. That is $4.10 lower than the previous close of $277.90, a move of -1.48%.
The gold price fell on 29 May 2001, losing $4.10 (1.48%) against the previous session's close of $277.90.
At $273.80 per troy ounce, one gram of pure gold was worth about $8.80 on 29 May 2001. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 29 May 2001 18k gold was worth about $6.60 per gram and 14k about $5.14 per gram, against $8.80 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 60.5 on 29 May 2001, meaning one ounce of gold was worth roughly 60.5 ounces of silver.
A week before 29 May 2001, gold was around $285.10 per troy ounce, so the close of $273.80 is a loss of 4.0% over the week.
This close was session 6 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 4.73% below the highest close on record up to that date, which was set on 2001-05-18.