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 31 May 2019, not the current price.See today's gold price (11 September 2026)
Highest closing price since 1 May 2019
Gold closed at $1,305.80 per troy ounce on 31 May 2019, up $18.70 (1.45%) from the previous close of $1,287.10.
This close extended a run of 3 consecutive sessions of gains. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This was the strongest close of the week up to that point.
This close sat 30.86% 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 $1,300.10, making this a +0.44% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,305.80 per troy ounce on 31 May 2019. That is $18.70 higher than the previous close of $1,287.10, a move of 1.45%.
The gold price rose on 31 May 2019, gaining $18.70 (1.45%) against the previous session's close of $1,287.10.
At $1,305.80 per troy ounce, one gram of pure gold was worth about $41.98 on 31 May 2019. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 31 May 2019 18k gold was worth about $31.49 per gram and 14k about $24.49 per gram, against $41.98 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 89.9 on 31 May 2019, meaning one ounce of gold was worth roughly 89.9 ounces of silver.
This close was session 3 of a consecutive run of gains. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 30.86% below the highest close on record up to that date, which was set on 2011-08-22.