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 2022, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 20 May 2022
Gold closed at $1,842.70 per troy ounce on 31 May 2022, down $8.600 (0.46%) from the previous close of $1,851.30.
This was the strongest close of the week up to that point.
This close sat 10.18% below the highest gold close recorded up to that date, set on 2020-08-06.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,902.50, making this a -3.14% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,842.70 per troy ounce on 31 May 2022. That is $8.60 lower than the previous close of $1,851.30, a move of -0.46%.
The gold price fell on 31 May 2022, losing $8.60 (0.46%) against the previous session's close of $1,851.30.
At $1,842.70 per troy ounce, one gram of pure gold was worth about $59.24 on 31 May 2022. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 31 May 2022 18k gold was worth about $44.43 per gram and 14k about $34.56 per gram, against $59.24 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 85.1 on 31 May 2022, meaning one ounce of gold was worth roughly 85.1 ounces of silver.
It closed 10.18% below the highest close on record up to that date, which was set on 2020-08-06.