Gold Price in May 2007
In May 2007, gold fell 2.9%, from $680.50 at the end of April to $661.00 per troy ounce on May 31, 2007. The highest close was $688.00 on May 7, 2007, the lowest $653.00 on May 24, 2007, and the average over 22 trading days was $667.59. Today's price is 486.5% higher than the May 2007 close.
Gold ended May lower. What usually happens in June after a lower May →
- Gold fell 2.9% in US dollars in May 2007, leaving it up 4.1% for the year to date.
- Measured in other currencies, the change ranged from −7.4% in CAD to +1.0% in EGP, because exchange rates moved too.
- It did worse than silver (−0.3%) and US stocks (+3.5%).
- It closed higher on 11 trading days and lower on 11, with an average daily move of 0.77%.
- At the end of the month it was 8.2% below its highest close since 2000.
- Gold/silver ratio: 50.6 → 49.3.
Gold price chart, May 2007
US dollars per troy ounce · daily closeGold in other currencies, May 2007
| Currency | Change in the month |
|---|---|
| EGP | +1.0% |
| JPY | −1.0% |
| CHF | −1.2% |
| EUR | −1.7% |
| GBP | −2.0% |
| ZAR | −2.2% |
| PKR | −2.9% |
| AUD | −3.4% |
| CNY | −3.6% |
| INR | −5.0% |
| TRY | −7.1% |
| CAD | −7.4% |
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 2007
| Asset | Change (USD) |
|---|---|
| Gold | −2.9% |
| Silver | −0.3% |
| S&P 500 (with dividends) | +3.5% |
| US inflation (CPI, month) | +0.61% |
| Gold, year to date (end of May) | +4.1% |
| Gold/silver ratio | 50.6 → 49.3 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, May 2007
Closing price for every trading day, with the same price in INR and AED at that day's exchange rate.
| Date | Close (USD per oz) | Change | USD per gram | 24K India, ₹ per 10 g | 24K UAE, AED per gram |
|---|---|---|---|---|---|
| May 1Tue | $674.40 | −0.90% | $21.68 | ₹8,885 | AED 79.62 |
| May 2Wed | $672.30 | −0.31% | $21.61 | ₹8,848 | AED 79.37 |
| May 3Thu | $681.80 | +1.41% | $21.92 | ₹8,881 | AED 80.49 |
| May 4Fri | $687.20 | +0.79% | $22.09 | ₹8,951 | AED 81.13 |
| May 7Mon | $688.00 | +0.12% | $22.12 | ₹9,001 | AED 81.22 |
| May 8Tue | $685.10 | −0.42% | $22.03 | ₹8,946 | AED 80.88 |
| May 9Wed | $680.30 | −0.70% | $21.87 | ₹9,015 | AED 80.31 |
| May 10Thu | $665.10 | −2.23% | $21.38 | ₹8,698 | AED 78.52 |
| May 11Fri | $670.60 | +0.83% | $21.56 | ₹8,770 | AED 79.17 |
| May 14Mon | $668.50 | −0.31% | $21.49 | ₹8,786 | AED 78.92 |
| May 15Tue | $673.00 | +0.67% | $21.64 | ₹8,819 | AED 79.45 |
| May 16Wed | $660.20 | −1.90% | $21.23 | ₹8,603 | AED 77.94 |
| May 17Thu | $656.20 | −0.61% | $21.10 | ₹8,503 | AED 77.46 |
| May 18Fri | $661.00 | +0.73% | $21.25 | ₹8,565 | AED 78.03 |
| May 21Mon | $662.90 | +0.29% | $21.31 | ₹8,641 | AED 78.23 |
| May 22Tue | $659.10 | −0.57% | $21.19 | ₹8,580 | AED 77.78 |
| May 23Wed | $661.90 | +0.42% | $21.28 | ₹8,618 | AED 78.11 |
| May 24Thu | $653.00 | −1.34% | $20.99 | ₹8,443 | AED 77.07 |
| May 25Fri | $655.10 | +0.32% | $21.06 | ₹8,470 | AED 77.32 |
| May 29Tue | $657.10 | +0.31% | $21.13 | ₹8,562 | AED 77.55 |
| May 30Wed | $653.10 | −0.61% | $21.00 | ₹8,514 | AED 77.08 |
| May 31Thu | $661.00 | +1.21% | $21.25 | ₹8,546 | AED 78.01 |
How May usually goes for gold
In the 20 years from 2006 to 2025, gold rose in May 9 times out of 20, with an average move of −0.2% and a median of −1.1%. Every May since 1971 →
Gold in May 2007: FAQ
What was the price of gold in May 2007?
Gold traded between $653.00 and $688.00 per troy ounce (daily closes) in May 2007, averaging $667.59. It closed the month at $661.00.
How much did gold go down in May 2007?
Gold fell 2.9%, from $680.50 to $661.00. The biggest daily rise was +1.4% on May 3, 2007 and the biggest fall −2.2% on May 10, 2007.
What was the gold price on May 1, 2007?
Gold closed at $674.40 per troy ounce on May 1, 2007, the first trading day of the month. 24K India, ₹ per 10 g: ₹8,885.
Is May usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in May 9 times out of 20, with an average move of −0.2% and a median of −1.1%. Past seasonal patterns are not a reliable guide to any single year.
How much did gold change in rupees in May 2007?
Gold fell 5.0% in Indian rupee terms in May 2007, compared with −2.9% in US dollars.
Did gold beat stocks in May 2007?
No. Gold was −2.9% for the month, against +3.5% for the S&P 500 with dividends.
Did gold keep up with inflation in May 2007?
US consumer prices (CPI) changed +0.61% in May, so gold's real (inflation-adjusted) change was about −3.5%.
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 2007}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2007/may}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}