Distance from the record
This close sat 31.16% 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 2018, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,300.10 per troy ounce on 31 May 2018, down $1.400 (0.11%) from the previous close of $1,301.50.
Gold barely moved, closing within 0.11% 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 31.16% 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 $1,272.00, making this a +2.21% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,300.10 per troy ounce on 31 May 2018. That is $1.40 lower than the previous close of $1,301.50, a move of -0.11%.
The gold price fell on 31 May 2018, losing $1.40 (0.11%) against the previous session's close of $1,301.50.
At $1,300.10 per troy ounce, one gram of pure gold was worth about $41.80 on 31 May 2018. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 31 May 2018 18k gold was worth about $31.35 per gram and 14k about $24.38 per gram, against $41.80 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 79.3 on 31 May 2018, meaning one ounce of gold was worth roughly 79.3 ounces of silver.
It closed 31.16% below the highest close on record up to that date, which was set on 2011-08-22.