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Highest closing price since 24 April 2026
Gold closed at $4,720.40 per troy ounce on 8 May 2026, up $20.60 (0.44%) from the previous close of $4,699.80.
Notable session: highest close of the month.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $3,296.60, making this a +43.19% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $4,720.40 per troy ounce on 8 May 2026. That is $20.60 higher than the previous close of $4,699.80, a move of 0.44%.
The gold price rose on 8 May 2026, gaining $20.60 (0.44%) against the previous session's close of $4,699.80.
At $4,720.40 per troy ounce, one gram of pure gold was worth about $151.76 on 8 May 2026. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 May 2026 18k gold was worth about $113.82 per gram and 14k about $88.53 per gram, against $151.76 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 58.7 on 8 May 2026, meaning one ounce of gold was worth roughly 58.7 ounces of silver.
A week before 8 May 2026, gold was around $4,560.50 per troy ounce, so the close of $4,720.40 is a gain of 3.5% over the week.
A month before 8 May 2026, gold was around $4,749.50 per troy ounce, so the close of $4,720.40 is a loss of 0.6% over the month.
A year before 8 May 2026, gold was around $3,296.60 per troy ounce. The close of $4,720.40 therefore represents a rise of 43.2% over twelve months.