Distance from the record
This close sat 30.57% 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 9 May 2018, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,311.30 per troy ounce on 9 May 2018, down $0.700 (0.05%) from the previous close of $1,312.00.
This close extended a run of 3 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 30.57% 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 $1,214.30, making this a +7.99% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,311.30 per troy ounce on 9 May 2018. That is $0.70 lower than the previous close of $1,312.00, a move of -0.05%.
The gold price fell on 9 May 2018, losing $0.70 (0.05%) against the previous session's close of $1,312.00.
At $1,311.30 per troy ounce, one gram of pure gold was worth about $42.16 on 9 May 2018. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 9 May 2018 18k gold was worth about $31.62 per gram and 14k about $24.59 per gram, against $42.16 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 79.7 on 9 May 2018, meaning one ounce of gold was worth roughly 79.7 ounces of silver.
This close was session 3 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 30.57% below the highest close on record up to that date, which was set on 2011-08-22.