Gold Price in May 2001
In May 2001, gold rose 0.8%, from $264.40 at the end of April to $266.40 per troy ounce on May 31, 2001. The highest close was $287.40 on May 17, 2001, the lowest $265.10 on May 7, 2001, and the average over 26 trading days was $272.58. Today's price is 1,355.2% higher than the May 2001 close.
Gold ended May higher. What usually happens in June after a higher May →
- Gold rose 0.8% in US dollars in May 2001, leaving it down 2.1% for the year to date.
- Measured in other currencies, the change ranged from −1.6% in JPY to −1.6% in JPY, because exchange rates moved too.
- It did better than US stocks (+0.7%), and worse than silver (+1.4%).
- It closed higher on 8 trading days and lower on 13, with an average daily move of 0.75%.
- At the end of the month it was 7.3% below its highest close since 2000.
- Gold/silver ratio: 60.8 → 60.4.
Gold price chart, May 2001
US dollars per troy ounce · daily closeGold in other currencies, May 2001
| Currency | Change in the month |
|---|---|
| JPY | −1.6% |
Price in each currency at each day's exchange rate, previous month-end to this month-end. A weaker currency makes gold rise more in local terms.
Gold vs other assets, May 2001
| Asset | Change (USD) |
|---|---|
| Gold | +0.8% |
| Silver | +1.4% |
| S&P 500 (with dividends) | +0.7% |
| US inflation (CPI, month) | +0.45% |
| Gold, year to date (end of May) | −2.1% |
| Gold/silver ratio | 60.8 → 60.4 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, May 2001
Closing price for every trading day.
| Date | Close (USD per oz) | Change | USD per gram |
|---|---|---|---|
| May 1Tue | $265.40 | +0.38% | $8.53 |
| May 2Wed | $266.30 | +0.34% | $8.56 |
| May 3Thu | $266.10 | −0.08% | $8.56 |
| May 4Fri | $266.10 | 0.00% | $8.56 |
| May 6Sun | $266.10 | 0.00% | $8.56 |
| May 7Mon | $265.10 | −0.38% | $8.52 |
| May 8Tue | $270.00 | +1.85% | $8.68 |
| May 9Wed | $269.10 | −0.33% | $8.65 |
| May 10Thu | $267.90 | −0.45% | $8.61 |
| May 11Fri | $267.90 | 0.00% | $8.61 |
| May 13Sun | $268.30 | +0.15% | $8.63 |
| May 14Mon | $268.10 | −0.07% | $8.62 |
| May 15Tue | $272.00 | +1.45% | $8.75 |
| May 16Wed | $273.60 | +0.59% | $8.80 |
| May 17Thu | $287.40 | +5.04% | $9.24 |
| May 18Fri | $287.40 | 0.00% | $9.24 |
| May 20Sun | $285.40 | −0.70% | $9.18 |
| May 21Mon | $285.10 | −0.11% | $9.17 |
| May 22Tue | $283.60 | −0.53% | $9.12 |
| May 23Wed | $279.10 | −1.59% | $8.97 |
| May 24Thu | $277.90 | −0.43% | $8.93 |
| May 25Fri | $277.90 | 0.00% | $8.93 |
| May 28Mon | $273.80 | −1.48% | $8.80 |
| May 29Tue | $265.70 | −2.96% | $8.54 |
| May 30Wed | $265.30 | −0.15% | $8.53 |
| May 31Thu | $266.40 | +0.41% | $8.56 |
How May usually goes for gold
In the 20 years from 2006 to 2025, gold rose in May 11 times out of 20, with an average move of +0.6% and a median of +0.3%. Every May since 1971 →
Gold in May 2001: FAQ
What was the price of gold in May 2001?
Gold traded between $265.10 and $287.40 per troy ounce (daily closes) in May 2001, averaging $272.58. It closed the month at $266.40.
How much did gold go up in May 2001?
Gold rose 0.8%, from $264.40 to $266.40. The biggest daily rise was +5.0% on May 17, 2001 and the biggest fall −3.0% on May 29, 2001.
What was the gold price on May 1, 2001?
Gold closed at $265.40 per troy ounce on May 1, 2001, the first trading day of the month.
Is May usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in May 11 times out of 20, with an average move of +0.6% and a median of +0.3%. Past seasonal patterns are not a reliable guide to any single year.
Did gold beat stocks in May 2001?
Yes. Gold was +0.8% for the month, against +0.7% for the S&P 500 with dividends.
Did gold keep up with inflation in May 2001?
US consumer prices (CPI) changed +0.45% in May, so gold's real (inflation-adjusted) change was about +0.3%.
Cite this page
For essays, articles and research. Prices on this page update daily, so the citations include today's date as the date you accessed it.
@misc{corgano2026goldpriceinmay, author = {{Corgano}}, title = {Gold Price in May 2001}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2001/may}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-11-01}}