Highest so far that month
No earlier session that month closed above this level.
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This page is a historical record of the gold price in 29 May 2009, not the current price.See today's gold price (11 September 2026)
Highest closing price since 23 February 2009
Gold closed at $978.80 per troy ounce on 29 May 2009, up $17.30 (1.80%) from the previous close of $961.50.
Notable session: highest close of the month.
This close extended a run of 3 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.
No earlier session that month closed above this level.
This close sat 2.43% below the highest gold close recorded up to that date, set on 2008-03-18.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $877.20, making this a +11.58% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $978.80 per troy ounce on 29 May 2009. That is $17.30 higher than the previous close of $961.50, a move of 1.80%.
The gold price rose on 29 May 2009, gaining $17.30 (1.80%) against the previous session's close of $961.50.
At $978.80 per troy ounce, one gram of pure gold was worth about $31.47 on 29 May 2009. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 29 May 2009 18k gold was worth about $23.60 per gram and 14k about $18.36 per gram, against $31.47 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 62.7 on 29 May 2009, meaning one ounce of gold was worth roughly 62.7 ounces of silver.
A week before 29 May 2009, gold was around $958.50 per troy ounce, so the close of $978.80 is a gain of 2.1% over the week.
A month before 29 May 2009, gold was around $899.80 per troy ounce, so the close of $978.80 is a gain of 8.8% over the month.
This close was session 3 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 2.43% below the highest close on record up to that date, which was set on 2008-03-18.
The most recent higher close was about 3 months earlier — 66 trading sessions before this one.