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 2018, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,298.70 per troy ounce on 29 May 2018, down $4.600 (0.35%) from the previous close of $1,303.30.
This was the strongest close of the week up to that point.
This close sat 31.24% 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 $1,267.60, making this a +2.45% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,298.70 per troy ounce on 29 May 2018. That is $4.60 lower than the previous close of $1,303.30, a move of -0.35%.
The gold price fell on 29 May 2018, losing $4.60 (0.35%) against the previous session's close of $1,303.30.
At $1,298.70 per troy ounce, one gram of pure gold was worth about $41.75 on 29 May 2018. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 29 May 2018 18k gold was worth about $31.32 per gram and 14k about $24.36 per gram, against $41.75 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 79.7 on 29 May 2018, meaning one ounce of gold was worth roughly 79.7 ounces of silver.
It closed 31.24% below the highest close on record up to that date, which was set on 2011-08-22.