Gold Price in May 2019
In May 2019, gold rose 1.9%, from $1,281.40 at the end of April to $1,305.80 per troy ounce on May 31, 2019. The highest close was $1,305.80 on May 30, 2019, the lowest $1,269.70 on May 1, 2019, and the average over 26 trading days was $1,283.88. Today's price is 196.9% higher than the May 2019 close.
Gold ended May higher. What usually happens in June after a higher May →
- Gold rose 1.9% in US dollars in May 2019, leaving it up 2.2% for the year to date.
- Measured in other currencies, the change ranged from −0.4% in EGP to +8.5% in PKR, because exchange rates moved too.
- It did better than silver (−0.8%) and US stocks (−6.4%), and worse than bitcoin (+60.2%).
- It closed higher on 13 trading days and lower on 8, with an average daily move of 0.41%.
- At the end of the month it was 30.9% below its highest close since 2000.
- Gold/silver ratio: 87.5 → 89.9.
Gold price chart, May 2019
US dollars per troy ounce · daily closeGold in other currencies, May 2019
| Currency | Change in the month |
|---|---|
| PKR | +8.5% |
| GBP | +5.4% |
| ZAR | +5.3% |
| CNY | +4.4% |
| AUD | +4.0% |
| CAD | +2.9% |
| EUR | +2.7% |
| INR | +2.5% |
| TRY | +1.0% |
| CHF | +0.7% |
| JPY | 0.0% |
| EGP | −0.4% |
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 2019
| Asset | Change (USD) |
|---|---|
| Gold | +1.9% |
| Silver | −0.8% |
| Bitcoin | +60.2% |
| S&P 500 (with dividends) | −6.4% |
| US inflation (CPI, month) | +0.21% |
| Gold, year to date (end of May) | +2.2% |
| Gold/silver ratio | 87.5 → 89.9 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, May 2019
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 1Wed | $1,269.70 | −0.91% | $40.82 | ₹28,425 | AED 149.93 |
| May 2Thu | $1,279.20 | +0.75% | $41.13 | ₹28,552 | AED 151.03 |
| May 3Fri | $1,279.20 | 0.00% | $41.13 | ₹28,552 | AED 151.03 |
| May 5Sun | $1,281.70 | +0.20% | $41.21 | ₹28,502 | AED 151.34 |
| May 6Mon | $1,283.50 | +0.14% | $41.27 | ₹28,638 | AED 151.54 |
| May 7Tue | $1,279.40 | −0.32% | $41.13 | ₹28,757 | AED 151.05 |
| May 8Wed | $1,283.50 | +0.32% | $41.27 | ₹28,890 | AED 151.54 |
| May 9Thu | $1,285.70 | +0.17% | $41.34 | ₹29,105 | AED 151.79 |
| May 10Fri | $1,285.70 | 0.00% | $41.34 | ₹29,105 | AED 151.79 |
| May 12Sun | $1,300.10 | +1.12% | $41.80 | ₹29,227 | AED 153.52 |
| May 13Mon | $1,294.70 | −0.42% | $41.63 | ₹29,395 | AED 152.86 |
| May 14Tue | $1,296.30 | +0.12% | $41.68 | ₹29,302 | AED 153.05 |
| May 15Wed | $1,285.00 | −0.87% | $41.31 | ₹29,006 | AED 151.71 |
| May 16Thu | $1,274.50 | −0.82% | $40.98 | ₹28,780 | AED 150.47 |
| May 17Fri | $1,274.50 | 0.00% | $40.98 | ₹28,780 | AED 150.47 |
| May 19Sun | $1,276.10 | +0.13% | $41.03 | ₹28,835 | AED 150.68 |
| May 20Mon | $1,272.00 | −0.32% | $40.90 | ₹28,679 | AED 150.17 |
| May 21Tue | $1,273.60 | +0.13% | $40.95 | ₹28,715 | AED 150.36 |
| May 22Wed | $1,284.80 | +0.88% | $41.31 | ₹28,904 | AED 151.69 |
| May 23Thu | $1,283.00 | −0.14% | $41.25 | ₹28,852 | AED 151.48 |
| May 24Fri | $1,283.00 | 0.00% | $41.25 | ₹28,852 | AED 151.48 |
| May 27Mon | $1,276.50 | −0.51% | $41.04 | ₹28,613 | AED 150.71 |
| May 28Tue | $1,280.60 | +0.32% | $41.17 | ₹28,769 | AED 151.19 |
| May 29Wed | $1,287.10 | +0.51% | $41.38 | ₹28,890 | AED 151.96 |
| May 30Thu | $1,305.80 | +1.45% | $41.98 | ₹29,379 | AED 154.17 |
| May 31Fri | $1,305.80 | 0.00% | $41.98 | ₹29,379 | AED 154.17 |
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 2019: FAQ
What was the price of gold in May 2019?
Gold traded between $1,269.70 and $1,305.80 per troy ounce (daily closes) in May 2019, averaging $1,283.88. It closed the month at $1,305.80.
How much did gold go up in May 2019?
Gold rose 1.9%, from $1,281.40 to $1,305.80. The biggest daily rise was +1.5% on May 30, 2019 and the biggest fall −0.9% on May 1, 2019.
What was the gold price on May 1, 2019?
Gold closed at $1,269.70 per troy ounce on May 1, 2019, the first trading day of the month. 24K India, ₹ per 10 g: ₹28,425.
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.
How much did gold change in rupees in May 2019?
Gold rose 2.5% in Indian rupee terms in May 2019, compared with +1.9% in US dollars.
Did gold beat stocks in May 2019?
Yes. Gold was +1.9% for the month, against −6.4% for the S&P 500 with dividends.
Did gold keep up with inflation in May 2019?
US consumer prices (CPI) changed +0.21% in May, so gold's real (inflation-adjusted) change was about +1.7%.
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 2019}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2019/may}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-11-01}}