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On this day — May 16, 2026

Western wedding season: Western (especially US and European) gold and platinum jewellery demand peaks in May, June and December — combined wedding and gift seasons. US jewellery sales typically see 30–50 percent surges in these months.

Saturday — the international gold market is closed. Most retail jewellery markets, especially in Asia and the Middle East, see peak Saturday foot-traffic and physical trade activity.

Day 136 of 365 · Q2 2026 · 37.3% through the year

May 16 across the years — 20202024

+38.2% over 4 years
20202024
YearMay 16 closevs prior
May 16, 2024$2,397.52+19.43%View
May 16, 2023$2,007.50+10.94%View
May 16, 2022$1,809.50-3.16%View
May 16, 2021$1,868.53+7.67%View
May 16, 2020$1,735.40View
Each row is the verified XAU/USD spot close for May 16 of that year. Click any row to open the full daily archive (with country tables for May 16, 2020+).