Distance from the record
This close sat 35.15% 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 5 May 2017, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 15 March 2017
Gold closed at $1,224.80 per troy ounce on 5 May 2017, down $1.700 (0.14%) from the previous close of $1,226.50.
This close extended a run of 4 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 35.15% 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 $1,271.40, making this a -3.67% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,224.80 per troy ounce on 5 May 2017. That is $1.70 lower than the previous close of $1,226.50, a move of -0.14%.
The gold price fell on 5 May 2017, losing $1.70 (0.14%) against the previous session's close of $1,226.50.
At $1,224.80 per troy ounce, one gram of pure gold was worth about $39.38 on 5 May 2017. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 5 May 2017 18k gold was worth about $29.53 per gram and 14k about $22.97 per gram, against $39.38 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 75.5 on 5 May 2017, meaning one ounce of gold was worth roughly 75.5 ounces of silver.
A week before 5 May 2017, gold was around $1,266.10 per troy ounce, so the close of $1,224.80 is a loss of 3.3% over the week.
This close was session 4 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 35.15% below the highest close on record up to that date, which was set on 2011-08-22.