Distance from the record
This close sat 17.27% 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 31 May 2012, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,562.60 per troy ounce on 31 May 2012, down $0.800 (0.05%) from the previous close of $1,563.40.
Gold barely moved, closing within 0.05% of the previous session. Flat days are the majority of any price series and are most useful as the baseline the notable days are measured against.
This close sat 17.27% 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 242 of 249 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,535.90, making this a +1.74% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,562.60 per troy ounce on 31 May 2012. That is $0.80 lower than the previous close of $1,563.40, a move of -0.05%.
The gold price fell on 31 May 2012, losing $0.80 (0.05%) against the previous session's close of $1,563.40.
At $1,562.60 per troy ounce, one gram of pure gold was worth about $50.24 on 31 May 2012. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 31 May 2012 18k gold was worth about $37.68 per gram and 14k about $29.31 per gram, against $50.24 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 56.3 on 31 May 2012, meaning one ounce of gold was worth roughly 56.3 ounces of silver.
A month before 31 May 2012, gold was around $1,663.40 per troy ounce, so the close of $1,562.60 is a loss of 6.1% over the month.
It closed 17.27% below the highest close on record up to that date, which was set on 2011-08-22.