Gold price in May 2023: daily prices, high, low and change
Gold closed May 2023 at $1,963.90 an ounce, down 1.76% on the month. The highest close was $2,055.70 on 4 May and the lowest $1,943.70 on 25 May. Every trading day below, with ranks and context computed from COMEX data.
Gold price chart, May 2023 (daily close and high-low range, US$ per ounce)
Gold line = daily settlement; bars = intraday high to low where available; dashed line = April 2023 close ($1,999.10).
Daily gold prices in May 2023 (22 trading days)
| Date | Open | High | Low | Close | Change | % change |
|---|---|---|---|---|---|---|
| Mon 1 May | $2,000.20 | $2,015.40 | $1,985.70 | $1,992.20 | −$6.90 | −0.35% |
| Tue 2 May best day | $1,990.50 | $2,028.80 | $1,986.90 | $2,023.30 | +$31.10 | +1.56% |
| Wed 3 May | $2,026.40 | $2,050.00 | $2,016.00 | $2,037.00 | +$13.70 | +0.68% |
| Thu 4 May | $2,054.70 | $2,085.40 | $2,038.50 | $2,055.70 | +$18.70 | +0.92% |
| Fri 5 May worst day | $2,058.00 | $2,061.30 | $2,007.00 | $2,024.80 | −$30.90 | −1.50% |
| Mon 8 May | $2,024.60 | $2,037.10 | $2,022.00 | $2,033.20 | +$8.40 | +0.41% |
| Tue 9 May | $2,028.40 | $2,045.10 | $2,026.40 | $2,042.90 | +$9.70 | +0.48% |
| Wed 10 May | $2,041.60 | $2,056.00 | $2,028.30 | $2,037.10 | −$5.80 | −0.28% |
| Thu 11 May | $2,036.80 | $2,047.60 | $2,016.70 | $2,020.50 | −$16.60 | −0.81% |
| Fri 12 May | $2,020.50 | $2,027.80 | $2,005.70 | $2,019.80 | −$0.70 | −0.03% |
| Mon 15 May | $2,013.40 | $2,027.50 | $2,011.20 | $2,022.70 | +$2.90 | +0.14% |
| Tue 16 May | $2,021.30 | $2,022.70 | $1,989.10 | $1,993.00 | −$29.70 | −1.47% |
| Wed 17 May | $1,993.00 | $1,997.00 | $1,978.10 | $1,984.90 | −$8.10 | −0.41% |
| Thu 18 May | $1,985.60 | $1,988.80 | $1,954.40 | $1,959.80 | −$25.10 | −1.26% |
| Fri 19 May | $1,960.50 | $1,987.40 | $1,956.30 | $1,981.60 | +$21.80 | +1.11% |
| Mon 22 May | $1,979.40 | $1,984.80 | $1,970.70 | $1,977.20 | −$4.40 | −0.22% |
| Tue 23 May | $1,973.90 | $1,980.00 | $1,955.80 | $1,974.50 | −$2.70 | −0.14% |
| Wed 24 May | $1,977.30 | $1,987.90 | $1,958.40 | $1,964.60 | −$9.90 | −0.50% |
| Thu 25 May | $1,959.50 | $1,965.40 | $1,939.00 | $1,943.70 | −$20.90 | −1.06% |
| Fri 26 May | $1,941.70 | $1,957.10 | $1,936.00 | $1,944.30 | +$0.60 | +0.03% |
| Tue 30 May | $1,942.70 | $1,962.60 | $1,931.00 | $1,958.00 | +$13.70 | +0.70% |
| Wed 31 May | $1,958.20 | $1,973.00 | $1,953.00 | $1,963.90 | +$5.90 | +0.30% |
Close = COMEX gold futures settlement in US dollars per troy ounce; change is against the previous trading day's close.
Monthly open, high, low and close
| May 2023 | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| Settlements | $1,992.20 | $2,055.70 | $1,943.70 | $1,963.90 | −1.76% |
| Intraday | $2,000.20 | $2,085.40 4 May | $1,931.00 30 May | $1,963.90 | — |
Settlements: first, highest, lowest and last daily close of the month (the basis used on the 2023 page and the monthly returns heatmap). Intraday: the highest and lowest traded prices in the daily bars.
Source: COMEX gold futures (GC=F) daily settlements and intraday bars via Yahoo Finance; US CPI (FRED CPIAUCSL) for the inflation adjustment; World Bank Pink Sheet for the monthly London average. Figures are final settlements; sources may occasionally revise historical data.
Gold in May 2023: summary
Gold edged lower 1.76% in May 2023, from $1,999.10 at the end of April 2023 to $1,963.90 an ounce. Settlement prices ranged from $1,943.70 on 25 May 2023 to $2,055.70 on 4 May 2023, a spread of $112.00 (5.6%), wider than the 5.6% average of the previous 12 months. Gold closed higher on 10 of 22 trading days and lower on 12; the strongest session was 2 May 2023 (+1.56%) and the weakest 5 May 2023 (−1.50%).
The $2,055.70 close on 4 May 2023 was gold's highest since 6 August 2020.
How May 2023 compares
- Against other Mays: at −1.76%, May 2023 ranks 19th of 26 Mays since 2001 (best first).
- Against every month: it ranks 226th of 313 months since September 2000, better than 28% of them.
- Range: the gap between the highest and lowest close was $112.00, or 5.6% of the opening level, 1.0× the 5.6% average of the previous 12 months.
- Daily moves: the average day moved 0.65% (up or down), against 0.72% over the previous 12 months, so May 2023 was about as volatile as usual.
- Streaks: the longest run of higher closes was 3 days and the longest run of lower closes 4 days.
- Bigger picture: at the month-end close gold was +7.54% for 2023 to the end of May and +6.58% over 12 months (against the May 2022 close of $1,842.70).
- Average price: the mean of the 22 daily closes was $1,997.94; the World Bank's monthly average of the London (LBMA) price was $1,992.00.
Across the other 25 completed Mays since 2001, gold averaged +0.35% and rose in 13 of them (52%). May 2023 lagged that average by 2.1 percentage points. The gold seasonality tool shows the same statistics for every calendar month, and the monthly returns heatmap lays out all Mays side by side.
May 2023 in today's dollars
Adjusted for US consumer-price inflation, the $1,963.90 closing price equals about $2,177 in September 2026 dollars (CPI 303.3 in May 2023 against 336.3 in September 2026, FRED series CPIAUCSL), 11% more than the nominal figure. The gold price history hub restates every year's close on the same basis, and the all-time-high tracker lists every record close in nominal dollars.
Gold price by month in 2023
The gold price in 2023 page has the year's open, high, low and close, and the monthly archive on the gold price history hub explains how these month pages are built.
Frequently asked questions
What was the gold price in May 2023?
Gold closed May 2023 at $1,963.90 an ounce (COMEX settlement). It opened the month at $1,992.20 and averaged $1,997.94 across 22 trading days; the World Bank’s London average for the month was $1,992.00.
Did gold go up in May 2023?
No. Gold was down 1.76% in May 2023, from $1,999.10 at the end of April 2023 to $1,963.90. It closed higher on 10 of 22 days. Among Mays since 2001 it ranks 19th of 26 (best first).
What was the highest gold price in May 2023?
The highest close was $2,055.70 on 4 May 2023. The highest intraday price in the daily bars was $2,085.40 on 4 May 2023.
What was the lowest gold price in May 2023?
The lowest close was $1,943.70 on 25 May 2023, $112.00 (5.6%) below the month’s highest close. The lowest intraday price was $1,931.00 on 30 May 2023.
Educational information only, not financial advice and not a forecast. Past prices do not predict future prices. See our risk disclaimer and editorial policy.