Distance from the record
This close sat 4.56% below the highest gold close recorded up to that date, set on 2024-05-20.
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This page is a historical record of the gold price in 31 May 2024, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 8 May 2024
Gold closed at $2,322.90 per troy ounce on 31 May 2024, down $20.00 (0.85%) from the previous close of $2,342.90.
This close sat 4.56% below the highest gold close recorded up to that date, set on 2024-05-20.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,963.90, making this a +18.28% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $2,322.90 per troy ounce on 31 May 2024. That is $20.00 lower than the previous close of $2,342.90, a move of -0.85%.
The gold price fell on 31 May 2024, losing $20.00 (0.85%) against the previous session's close of $2,342.90.
At $2,322.90 per troy ounce, one gram of pure gold was worth about $74.68 on 31 May 2024. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 31 May 2024 18k gold was worth about $56.01 per gram and 14k about $43.57 per gram, against $74.68 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 76.7 on 31 May 2024, meaning one ounce of gold was worth roughly 76.7 ounces of silver.
A year before 31 May 2024, gold was around $1,963.90 per troy ounce. The close of $2,322.90 therefore represents a rise of 18.3% over twelve months.
It closed 4.56% below the highest close on record up to that date, which was set on 2024-05-20.