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This page is a historical record of the gold price in May 2011, not the current price.See today's gold price (11 September 2026)
Gold ranged between $1,479.80 and $1,556.70 per troy ounce during May 2011, averaging $1,511.01 across 21 trading days. It finished the period at $1,535.90, down 1.29% from $1,556.00.
Metal value only, before dealer margins and fabrication.
The strongest session of May 2011 was 20 May 2011 at +1.11%, and the weakest 5 May 2011 at -2.24%.
Twelve months earlier gold traded around $1,212.20, making this a +26.70% move year on year.
| Date | Close (USD/oz) | Change |
|---|---|---|
| 2 May 2011 | $1,556.70 | +$0.700 |
| 3 May 2011 | $1,540.10 | −$16.60 |
| 4 May 2011 | $1,514.90 | −$25.20 |
| 5 May 2011 | $1,480.90 | −$34.00 |
| 6 May 2011 | $1,491.20 | +$10.30 |
| 9 May 2011 | $1,502.90 | +$11.70 |
| 10 May 2011 | $1,516.60 | +$13.70 |
| 11 May 2011 | $1,501.10 | −$15.50 |
| 12 May 2011 | $1,506.60 | +$5.500 |
| 13 May 2011 | $1,493.40 | −$13.20 |
| 16 May 2011 | $1,490.40 | −$3.000 |
| 17 May 2011 | $1,479.80 | −$10.60 |
| 18 May 2011 | $1,495.60 | +$15.80 |
| 19 May 2011 | $1,492.20 | −$3.400 |
| 20 May 2011 | $1,508.80 | +$16.60 |
| 23 May 2011 | $1,515.30 | +$6.500 |
| 24 May 2011 | $1,523.20 | +$7.900 |
| 25 May 2011 | $1,526.60 | +$3.400 |
| 26 May 2011 | $1,522.80 | −$3.800 |
| 27 May 2011 | $1,536.30 | +$13.50 |
| 31 May 2011 | $1,535.90 | −$0.400 |
Source: Yahoo Finance (COMEX futures). Figures are indicative reference prices, not trading quotes.
Figures in this section are shown in USD, independent of the currency selected above.
Gold finished May 2011 at $1,535.90 per troy ounce, having fallen $20.10 (1.29%) over the month. It has traded between $1,479.80 and $1,556.70 across 21 trading days.
The average gold closing price in May 2011 was $1,511.01 per troy ounce, calculated across all 21 trading days in the month.
Gold reached its highest close of May 2011 at $1,556.70 per troy ounce on 2 May 2011.
The lowest gold close in May 2011 was $1,479.80 per troy ounce on 17 May 2011.
Gold fell during May 2011. It entered the month at $1,556.00 and closed at $1,535.90, a change of -1.29%.
Gold closed higher on 11 sessions and lower on 10 during May 2011. The strongest session was 20 May 2011 (+1.11%) and the weakest 5 May 2011 (-2.24%).
Daily closes in May 2011 varied with a standard deviation of 0.92% per session, and the peak-to-trough spread across the month was 5.2% ($1,479.80 to $1,556.70).
At the May 2011 close of $1,535.90 per troy ounce, gold worked out at about $49.38 per gram and $49,380.33 per kilogram. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio averaged about 41.1 through May 2011 and finished the month near 40.1. A higher ratio means silver is cheap relative to gold.
Gold was around $1,212.20 per troy ounce twelve months before the end of May 2011. Closing at $1,535.90 makes that a gain of 26.7% year on year.