Gold price in May 2024: daily prices, high, low and change
Gold closed May 2024 at $2,322.90 an ounce, up 0.87% on the month. The highest close was $2,438.50 on 20 May and the lowest $2,308.60 on 3 May. Every trading day below, with ranks and context computed from COMEX data.
Gold price chart, May 2024 (daily close and high-low range, US$ per ounce)
Gold line = daily settlement; bars = intraday high to low where available; dashed line = April 2024 close ($2,302.90); larger dots = new all-time-high closes.
Daily gold prices in May 2024 (22 trading days)
| Date | Open | High | Low | Close | Change | % change |
|---|---|---|---|---|---|---|
| Wed 1 May | $2,298.20 | $2,339.50 | $2,291.70 | $2,311.00 | +$8.10 | +0.35% |
| Thu 2 May | $2,329.90 | $2,336.10 | $2,294.30 | $2,309.60 | −$1.40 | −0.06% |
| Fri 3 May | $2,313.50 | $2,330.70 | $2,285.20 | $2,308.60 | −$1.00 | −0.04% |
| Mon 6 May | $2,312.80 | $2,341.90 | $2,300.60 | $2,331.20 | +$22.60 | +0.98% |
| Tue 7 May | $2,334.80 | $2,338.70 | $2,318.20 | $2,324.20 | −$7.00 | −0.30% |
| Wed 8 May | $2,322.00 | $2,329.60 | $2,311.40 | $2,322.30 | −$1.90 | −0.08% |
| Thu 9 May | $2,316.50 | $2,354.20 | $2,312.90 | $2,340.30 | +$18.00 | +0.78% |
| Fri 10 May | $2,353.50 | $2,385.30 | $2,352.00 | $2,375.00 | +$34.70 | +1.48% |
| Mon 13 May | $2,369.10 | $2,370.80 | $2,337.60 | $2,343.00 | −$32.00 | −1.35% |
| Tue 14 May | $2,342.30 | $2,365.20 | $2,340.50 | $2,359.90 | +$16.90 | +0.72% |
| Wed 15 May best day | $2,362.90 | $2,396.10 | $2,357.10 | $2,394.90 | +$35.00 | +1.48% |
| Thu 16 May | $2,391.50 | $2,402.70 | $2,375.20 | $2,385.50 | −$9.40 | −0.39% |
| Fri 17 May ATH | $2,381.40 | $2,427.40 | $2,377.80 | $2,417.40 | +$31.90 | +1.34% |
| Mon 20 May ATH | $2,422.20 | $2,454.20 | $2,411.10 | $2,438.50 | +$21.10 | +0.87% |
| Tue 21 May | $2,431.50 | $2,438.20 | $2,408.50 | $2,425.90 | −$12.60 | −0.52% |
| Wed 22 May | $2,425.40 | $2,430.50 | $2,378.00 | $2,392.90 | −$33.00 | −1.36% |
| Thu 23 May worst day | $2,383.00 | $2,385.70 | $2,328.10 | $2,337.20 | −$55.70 | −2.33% |
| Fri 24 May | $2,330.40 | $2,349.00 | $2,326.30 | $2,334.50 | −$2.70 | −0.12% |
| Tue 28 May | $2,338.00 | $2,365.50 | $2,333.80 | $2,356.50 | +$22.00 | +0.94% |
| Wed 29 May | $2,362.50 | $2,363.70 | $2,334.20 | $2,341.20 | −$15.30 | −0.65% |
| Thu 30 May | $2,336.90 | $2,349.50 | $2,320.80 | $2,342.90 | +$1.70 | +0.07% |
| Fri 31 May | $2,344.10 | $2,354.00 | $2,319.00 | $2,322.90 | −$20.00 | −0.85% |
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 2024 | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| Settlements | $2,311.00 | $2,438.50 | $2,308.60 | $2,322.90 | +0.87% |
| Intraday | $2,298.20 | $2,454.20 20 May | $2,285.20 3 May | $2,322.90 | — |
Settlements: first, highest, lowest and last daily close of the month (the basis used on the 2024 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 2024: summary
Gold nudged up 0.87% in May 2024, closing the month at $2,322.90 an ounce against $2,302.90 at the end of April 2024. Settlement prices ranged from $2,308.60 on 3 May 2024 to $2,438.50 on 20 May 2024, a spread of $129.90 (5.6%), wider than the 5.0% average of the previous 12 months. Gold closed higher on 10 of 22 trading days and lower on 12; the strongest session was 15 May 2024 (+1.48%) and the weakest 23 May 2024 (−2.33%).
Gold set 2 new all-time-high closes in May 2024, the highest at $2,438.50 on 20 May 2024. It was gold's 4th monthly gain in a row.
How May 2024 compares
- Against other Mays: at +0.87%, May 2024 ranks 10th of 26 Mays since 2001 (best first).
- Against every month: it ranks 157th of 313 months since September 2000, better than 50% of them.
- Range: the gap between the highest and lowest close was $129.90, or 5.6% of the opening level, 1.1× the 5.0% average of the previous 12 months.
- Daily moves: the average day moved 0.78% (up or down), against 0.59% over the previous 12 months, so May 2024 was more volatile than usual.
- Streaks: the longest run of higher closes was 2 days and the longest run of lower closes 4 days.
- Bigger picture: at the month-end close gold was +12.12% for 2024 to the end of May and +18.28% over 12 months (against the May 2023 close of $1,963.90).
- Average price: the mean of the 22 daily closes was $2,355.25; the World Bank's monthly average of the London (LBMA) price was $2,351.00.
Across the other 25 completed Mays since 2001, gold averaged +0.25% and rose in 12 of them (48%). May 2024 beat that average by 0.6 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 2024 in today's dollars
Adjusted for US consumer-price inflation, the $2,322.90 closing price equals about $2,494 in September 2026 dollars (CPI 313.2 in May 2024 against 336.3 in September 2026, FRED series CPIAUCSL), 7% 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 2024
The gold price in 2024 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 2024?
Gold closed May 2024 at $2,322.90 an ounce (COMEX settlement). It opened the month at $2,311.00 and averaged $2,355.25 across 22 trading days; the World Bank’s London average for the month was $2,351.00.
Did gold go up in May 2024?
Yes. Gold was up 0.87% in May 2024, from $2,302.90 at the end of April 2024 to $2,322.90. It closed higher on 10 of 22 days. Among Mays since 2001 it ranks 10th of 26 (best first).
What was the highest gold price in May 2024?
The highest close was $2,438.50 on 20 May 2024. The highest intraday price in the daily bars was $2,454.20 on 20 May 2024. It was a new all-time-high close.
What was the lowest gold price in May 2024?
The lowest close was $2,308.60 on 3 May 2024, $129.90 (5.6%) below the month’s highest close. The lowest intraday price was $2,285.20 on 3 May 2024.
Educational information only, not financial advice and not a forecast. Past prices do not predict future prices. See our risk disclaimer and editorial policy.