Current price of gold as of May 12, 2026

Gold was trading at $4,707 per ounce at 9 a.m. Eastern Time on May 12, 2026. This is a $10 fall from yesterday at the same hour and $1,463 higher than a year ago.

For investors wanting an asset less affected by inflation, gold may be a wise choice. Historically, Gold is an asset that appreciates over time. Rather than collecting the actual physical gold manifestations, many people use a gold IRA, which also offers the convenience of not having to store physical gold, which can come with its own cost. Regardless of how you purchase gold, it can help serve as a steady part of a portfolio during market volatility.