Gold Price May 2026: Monthly Report
Published June 1, 2026
Key takeaways
- Gold fell 1.67% in May 2026, ending at $4,542.46 an ounce.
- A gram of 21K gold is worth 127.79 USD in the USA (down 2.18 USD on the month).
- Since the start of 2026, gold is up 5.27%.
Month close
$4,542.46
Monthly change
−1.67%
Highest close
$4,720.56
Lowest close
$4,380.97
Average close
$4,582.60
Since start of 2026
+5.27%
May 2026 in brief
Gold fell in May 2026 (−1.67%), closing at $4,542.46 an ounce after ending the previous month at $4,619.81 (−$77.35).
Its highest close was $4,720.56 on Monday, May 11 and its lowest $4,380.97 on Wednesday, May 27; the average close was $4,582.60.
Gold closed higher on 10 of 21 trading days. The biggest daily rise was +2.80% on Thursday, May 28 and the biggest drop −2.67% on Wednesday, May 27.
Silver ended the month at $75.37 an ounce.
Daily closes in May 2026 (USD per ounce)
How May 2026 compares
| Period | Price then | Change since |
|---|---|---|
| 1 month ago | $4,619.81 | −1.67% |
| 3 months ago | $5,277.88 | −13.93% |
| 1 year ago | $3,292.10 | +37.98% |
| Start of 2026 | $4,315.10 | +5.27% |
What gold jewelry is worth this week
Value of the gold in common pieces at the month's last close, and the change from the end of the previous month. Shops add making charges and taxes on top.
Gold price per gram in local currencies
Prices of pure gold at the month's last close, before any shop markup, making charges or VAT.
| Country | 24K | 22K | 21K | 18K | Month |
|---|---|---|---|---|---|
| USA | 146.04 USD | 133.88 USD | 127.79 USD | 109.53 USD | −1.67% |
| UK | 108.52 GBP | 99.48 GBP | 94.96 GBP | 81.39 GBP | −0.57% |
| United Arab Emirates | 536.34 AED | 491.67 AED | 469.30 AED | 402.26 AED | −1.69% |
| India | 13,869.33 INR | 12,714.01 INR | 12,135.66 INR | 10,402.00 INR | −1.60% |
| Saudi Arabia | 547.66 SAR | 502.04 SAR | 479.21 SAR | 410.75 SAR | −1.68% |
| Egypt | 7,632.81 EGP | 6,997.00 EGP | 6,678.71 EGP | 5,724.61 EGP | −4.14% |
| Morocco | 1,340.17 MAD | 1,228.54 MAD | 1,172.65 MAD | 1,005.13 MAD | −2.29% |
| Kuwait | 45.19 KWD | 41.43 KWD | 39.54 KWD | 33.89 KWD | −0.99% |
| Qatar | 531.60 QAR | 487.32 QAR | 465.15 QAR | 398.70 QAR | −1.78% |
| Jordan | 103.54 JOD | 94.92 JOD | 90.60 JOD | 77.66 JOD | −1.68% |
| Pakistan | 40,683.34 PKR | 37,294.42 PKR | 35,597.92 PKR | 30,512.50 PKR | −1.74% |
| Turkey | 6,695.74 TRY | 6,137.98 TRY | 5,858.77 TRY | 5,021.80 TRY | −0.15% |
| France | 125.25 EUR | 114.82 EUR | 109.60 EUR | 93.94 EUR | −1.05% |
| Canada | 201.48 CAD | 184.70 CAD | 176.30 CAD | 151.11 CAD | −0.06% |
Moroccan souk prices (estimate)
Estimated prices per gram in Moroccan dirhams at the month's last close, based on the usual premium, buyback discount and making charges in the souk.
| Karat | Souk price | Buyback (used gold) | New jewelry |
|---|---|---|---|
| 18K | 1,091 | 992 | 1,151 – 1,291 |
| 21K | 1,272 | 1,158 | 1,332 – 1,472 |
| 24K | 1,454 | 1,323 | — |
Estimates only: prices vary between cities and shops. Live souk prices in Morocco
Weekly reports for May 2026
Questions about the gold price in May 2026
What was the gold price at the end of May 2026?
Gold ended May 2026 at $4,542.46 per troy ounce on May 29, 2026, about $146.04 per gram of 24K gold.
Did gold go up or down in May 2026?
Gold fell in May 2026 (−1.67%), closing at $4,542.46 an ounce after ending the previous month at $4,619.81 (−$77.35).
What was the highest gold price in May 2026?
The highest daily close in May 2026 was $4,720.56 on Monday, May 11, and the lowest was $4,380.97 on Wednesday, May 27.
How much was a gram of 21K gold in the USA at the end of May 2026?
At the month's last close, a gram of 21K gold in the USA was worth 127.79 USD, compared with 146.04 USD for 24K and 109.53 USD for 18K. Over the month the price fell 1.67%. Shops add making charges and taxes.
How this report is made
Gold prices are daily closing levels of spot gold in US dollars per troy ounce, recorded by GoldZag or taken from public daily exchange-rate data. Local prices convert the same close with that day's exchange rate (1 troy ounce = 31.1035 g). The report is generated automatically on the 1st of every month and is for information only.
Prices are daily closing levels of spot gold converted with that day's exchange rates. This report is for information only and is not financial advice.