Gold Price in May 2012
In May 2012, gold fell 6.1%, from $1,663.40 at the end of April to $1,562.60 per troy ounce on May 31, 2012. The highest close was $1,661.70 on May 1, 2012, the lowest $1,536.20 on May 16, 2012, and the average over 22 trading days was $1,588.28. Today's price is 148.1% higher than the May 2012 close.
Gold ended May lower. What usually happens in June after a lower May →
- Gold fell 6.1% in US dollars in May 2012, leaving it down 0.2% for the year to date.
- Measured in other currencies, the change ranged from −7.7% in JPY to +2.8% in ZAR, because exchange rates moved too.
- It did better than silver (−10.4%), and worse than US stocks (−6.0%).
- It closed higher on 7 trading days and lower on 15, with an average daily move of 0.88%.
- At the end of the month it was 17.3% below its highest close since 2000.
- Gold/silver ratio: 53.7 → 56.3.
Gold price chart, May 2012
US dollars per troy ounce · daily closeGold in other currencies, May 2012
| Currency | Change in the month |
|---|---|
| ZAR | +2.8% |
| AUD | +0.7% |
| EUR | +0.6% |
| CHF | +0.6% |
| INR | 0.0% |
| TRY | −0.3% |
| GBP | −1.0% |
| CAD | −1.8% |
| PKR | −4.2% |
| CNY | −4.8% |
| EGP | −6.2% |
| JPY | −7.7% |
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 2012
| Asset | Change (USD) |
|---|---|
| Gold | −6.1% |
| Silver | −10.4% |
| S&P 500 (with dividends) | −6.0% |
| US inflation (CPI, month) | −0.12% |
| Gold, year to date (end of May) | −0.2% |
| Gold/silver ratio | 53.7 → 56.3 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, May 2012
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 | $1,661.70 | −0.10% | $53.42 | ₹28,064 | AED 196.18 |
| May 2Wed | $1,653.40 | −0.50% | $53.16 | ₹28,151 | AED 195.20 |
| May 3Thu | $1,634.20 | −1.16% | $52.54 | ₹28,061 | AED 192.93 |
| May 4Fri | $1,644.70 | +0.64% | $52.88 | ₹28,241 | AED 194.17 |
| May 7Mon | $1,638.60 | −0.37% | $52.68 | ₹27,870 | AED 193.45 |
| May 8Tue | $1,604.00 | −2.11% | $51.57 | ₹27,393 | AED 189.36 |
| May 9Wed | $1,593.70 | −0.64% | $51.24 | ₹27,576 | AED 188.15 |
| May 10Thu | $1,595.10 | +0.09% | $51.28 | ₹27,310 | AED 188.32 |
| May 11Fri | $1,583.60 | −0.72% | $50.91 | ₹27,113 | AED 186.96 |
| May 14Mon | $1,560.60 | −1.45% | $50.17 | ₹27,073 | AED 184.24 |
| May 15Tue | $1,556.80 | −0.24% | $50.05 | ₹26,922 | AED 183.79 |
| May 16Wed | $1,536.20 | −1.32% | $49.39 | ₹26,912 | AED 181.36 |
| May 17Thu | $1,574.50 | +2.49% | $50.62 | ₹27,572 | AED 185.88 |
| May 18Fri | $1,591.60 | +1.09% | $51.17 | ₹27,872 | AED 187.90 |
| May 21Mon | $1,588.40 | −0.20% | $51.07 | ₹28,102 | AED 187.53 |
| May 22Tue | $1,576.30 | −0.76% | $50.68 | ₹28,070 | AED 186.10 |
| May 23Wed | $1,548.10 | −1.79% | $49.77 | ₹27,869 | AED 182.81 |
| May 24Thu | $1,557.30 | +0.59% | $50.07 | ₹27,818 | AED 183.85 |
| May 25Fri | $1,568.80 | +0.74% | $50.44 | ₹28,023 | AED 185.21 |
| May 29Tue | $1,548.60 | −1.29% | $49.79 | ₹27,716 | AED 182.82 |
| May 30Wed | $1,563.40 | +0.96% | $50.26 | ₹28,263 | AED 184.57 |
| May 31Thu | $1,562.60 | −0.05% | $50.24 | ₹28,173 | AED 184.48 |
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 2012: FAQ
What was the price of gold in May 2012?
Gold traded between $1,536.20 and $1,661.70 per troy ounce (daily closes) in May 2012, averaging $1,588.28. It closed the month at $1,562.60.
How much did gold go down in May 2012?
Gold fell 6.1%, from $1,663.40 to $1,562.60. The biggest daily rise was +2.5% on May 17, 2012 and the biggest fall −2.1% on May 8, 2012.
What was the gold price on May 1, 2012?
Gold closed at $1,661.70 per troy ounce on May 1, 2012, the first trading day of the month. 24K India, ₹ per 10 g: ₹28,064.
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 2012?
Gold rose 0.0% in Indian rupee terms in May 2012, compared with −6.1% in US dollars.
Did gold beat stocks in May 2012?
No. Gold was −6.1% for the month, against −6.0% for the S&P 500 with dividends.
Did gold keep up with inflation in May 2012?
US consumer prices (CPI) changed −0.12% in May, so gold's real (inflation-adjusted) change was about −5.9%.
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 2012}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2012/may}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}