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 2012, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,548.60 per troy ounce on 29 May 2012, down $20.20 (1.29%) from the previous close of $1,568.80.
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 18.01% 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 247 of 249 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,536.30, making this a +0.80% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,548.60 per troy ounce on 29 May 2012. That is $20.20 lower than the previous close of $1,568.80, a move of -1.29%.
The gold price fell on 29 May 2012, losing $20.20 (1.29%) against the previous session's close of $1,568.80.
At $1,548.60 per troy ounce, one gram of pure gold was worth about $49.79 on 29 May 2012. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 29 May 2012 18k gold was worth about $37.34 per gram and 14k about $29.04 per gram, against $49.79 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 55.8 on 29 May 2012, meaning one ounce of gold was worth roughly 55.8 ounces of silver.
A month before 29 May 2012, gold was around $1,664.00 per troy ounce, so the close of $1,548.60 is a loss of 6.9% over the month.
It closed 18.01% below the highest close on record up to that date, which was set on 2011-08-22.