Gold Price in May 2025
In May 2025, gold fell 0.9%, from $3,319.10 at the end of April to $3,288.90 per troy ounce on May 30, 2025. The highest close was $3,422.80 on May 6, 2025, the lowest $3,187.20 on May 16, 2025, and the average over 21 trading days was $3,286.86. Today's price is 17.9% higher than the May 2025 close.
Gold ended May lower. What usually happens in June after a lower May →
- Gold fell 0.9% in US dollars in May 2025, leaving it up 24.5% for the year to date.
- Measured in other currencies, the change ranged from −5.0% in ZAR to +0.9% in TRY, because exchange rates moved too.
- It did worse than silver (+1.1%), bitcoin (+11.1%) and US stocks (+6.3%).
- It closed higher on 11 trading days and lower on 10, with an average daily move of 1.53%.
- At the end of the month it was 4.0% below its highest close since 2000.
- Gold/silver ratio: 102.0 → 100.0.
- The biggest reaction to a scheduled US release was to the Fed rate decision on 7 May: −3.4% over two sessions.
Gold price chart, May 2025
US dollars per troy ounce · daily closeGold in other currencies, May 2025
| Currency | Change in the month |
|---|---|
| TRY | +0.9% |
| INR | +0.1% |
| JPY | −0.4% |
| CAD | −0.8% |
| PKR | −0.9% |
| EUR | −1.4% |
| CHF | −1.4% |
| AUD | −1.4% |
| CNY | −1.8% |
| GBP | −2.2% |
| EGP | −3.0% |
| ZAR | −5.0% |
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 2025
| Asset | Change (USD) |
|---|---|
| Gold | −0.9% |
| Silver | +1.1% |
| Bitcoin | +11.1% |
| S&P 500 (with dividends) | +6.3% |
| US inflation (CPI, month) | +0.21% |
| Gold, year to date (end of May) | +24.5% |
| Gold/silver ratio | 102.0 → 100.0 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
The Fed and US Data in May 2025
Scheduled US releases this month and how gold moved. For Fed decisions the move covers two sessions, because the statement comes after the gold futures settle.
| Date | Release | Result | Gold |
|---|---|---|---|
| Fri 2 May | Jobs report (April 2025) | — | +0.7% |
| Wed 7 May | Fed rate decision | Rates unchanged (4.25–4.50%) | −3.4% |
| Tue 13 May | CPI inflation (April 2025) | — | +0.6% |
Daily Gold Prices, May 2025
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 1Thu | $3,222.20 | −2.92% | $103.60 | ₹87,743 | AED 380.41 |
| May 2Fri | $3,243.30 | +0.65% | $104.27 | ₹88,317 | AED 382.90 |
| May 5Mon | $3,322.30 | +2.44% | $106.81 | ₹89,960 | AED 392.22 |
| May 6Tue | $3,422.80 | +3.03% | $110.05 | ₹93,311 | AED 404.09 |
| May 7Wed | $3,391.90 | −0.90% | $109.05 | ₹92,495 | AED 400.44 |
| May 8Thu | $3,306.00 | −2.53% | $106.29 | ₹91,497 | AED 390.30 |
| May 9Fri | $3,344.00 | +1.15% | $107.51 | ₹92,549 | AED 394.78 |
| May 12Mon | $3,228.00 | −3.47% | $103.78 | ₹88,180 | AED 381.09 |
| May 13Tue | $3,247.80 | +0.61% | $104.42 | ₹88,819 | AED 383.43 |
| May 14Wed | $3,188.30 | −1.83% | $102.51 | ₹87,630 | AED 376.48 |
| May 15Thu | $3,226.60 | +1.20% | $103.74 | ₹88,638 | AED 380.92 |
| May 16Fri | $3,187.20 | −1.22% | $102.47 | ₹87,556 | AED 376.27 |
| May 19Mon | $3,233.50 | +1.45% | $103.96 | ₹88,752 | AED 381.74 |
| May 20Tue | $3,284.60 | +1.58% | $105.60 | ₹90,328 | AED 387.77 |
| May 21Wed | $3,313.50 | +0.88% | $106.53 | ₹91,191 | AED 391.18 |
| May 22Thu | $3,295.00 | −0.56% | $105.94 | ₹91,079 | AED 389.00 |
| May 23Fri | $3,365.80 | +2.15% | $108.21 | ₹93,036 | AED 397.36 |
| May 27Tue | $3,300.40 | −1.94% | $106.11 | ₹90,576 | AED 389.64 |
| May 28Wed | $3,294.90 | −0.17% | $105.93 | ₹90,452 | AED 388.93 |
| May 29Thu | $3,317.10 | +0.67% | $106.65 | ₹91,035 | AED 391.56 |
| May 30Fri | $3,288.90 | −0.85% | $105.74 | ₹90,262 | AED 388.23 |
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 2025: FAQ
What was the price of gold in May 2025?
Gold traded between $3,187.20 and $3,422.80 per troy ounce (daily closes) in May 2025, averaging $3,286.86. It closed the month at $3,288.90.
How much did gold go down in May 2025?
Gold fell 0.9%, from $3,319.10 to $3,288.90. The biggest daily rise was +3.0% on May 6, 2025 and the biggest fall −3.5% on May 12, 2025.
What was the gold price on May 1, 2025?
Gold closed at $3,222.20 per troy ounce on May 1, 2025, the first trading day of the month. 24K India, ₹ per 10 g: ₹87,743.
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 2025?
Gold rose 0.1% in Indian rupee terms in May 2025, compared with −0.9% in US dollars.
Did gold beat stocks in May 2025?
No. Gold was −0.9% for the month, against +6.3% for the S&P 500 with dividends.
How did gold react to the Fed and US data in May 2025?
Of 3 scheduled US releases this month, the biggest move came after the Fed rate decision on 7 May: −3.4%. The full list with each reaction is on this page.
Did gold keep up with inflation in May 2025?
US consumer prices (CPI) changed +0.21% in May, so gold's real (inflation-adjusted) change was about −1.1%.
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 2025}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2025/may}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}