Distance from the record
This close sat 33.48% below the highest gold close recorded up to that date, set on 2011-08-22.
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This page is a historical record of the gold price in 29 May 2014, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 1 May 2014
Gold closed at $1,256.30 per troy ounce on 29 May 2014, down $3.000 (0.24%) from the previous close of $1,259.30.
This close extended a run of 4 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 close sat 33.48% 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 $1,391.30, making this a -9.70% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,256.30 per troy ounce on 29 May 2014. That is $3.00 lower than the previous close of $1,259.30, a move of -0.24%.
The gold price fell on 29 May 2014, losing $3.00 (0.24%) against the previous session's close of $1,259.30.
At $1,256.30 per troy ounce, one gram of pure gold was worth about $40.39 on 29 May 2014. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 29 May 2014 18k gold was worth about $30.29 per gram and 14k about $23.56 per gram, against $40.39 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 66.2 on 29 May 2014, meaning one ounce of gold was worth roughly 66.2 ounces of silver.
A week before 29 May 2014, gold was around $1,294.90 per troy ounce, so the close of $1,256.30 is a loss of 3.0% over the week.
This close was session 4 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 33.48% below the highest close on record up to that date, which was set on 2011-08-22.