United States · USD · May 1992
Gold Price in United States — May 1992
In May 1992, the gold price in United States closed at approximately $340 per troy ounce, equivalent to $127 per tola or $11 per gram. This represents a +0.65% change on the month ($338 open → $340 close).
Open
$338
per troy ounce
Close
$340
per troy ounce
High
$340
per troy ounce
Low
$335
per troy ounce
All unit prices at May 1992 close — United States
| Unit | Weight | Closing USD price |
|---|---|---|
| Troy ounce | 31.1035 g | $340 |
| Gram | 1.0000 g | $11 |
| 10 grams | 10 g | $109 |
| Kilogram | 1,000 g | $10,922 |
| Tola | 11.664 g | $127 |
Karat-purity breakdown at May 1992 close
| Karat | Per gram | Per tola |
|---|---|---|
| 24K | $11 | $127 |
| 22K | $10 | $117 |
| 21K | $10 | $111 |
| 18K | $8 | $96 |
| 14KUNITED STATES STD | $6 | $75 |
| 10K | $5 | $53 |
Daily gold price in USD — May 1992
The United States gold market
The US retail gold market quotes per troy ounce for bullion and per pennyweight or gram for jewellery. 14K is the most common jewellery purity. Most states impose sales tax on jewellery; several (including Texas, Florida, and Washington) exempt investment-grade bullion above defined thresholds. The COMEX gold futures contract on CME Group is the single most-watched price reference globally.
Standard quote unit
troy ounce
Common purity
14K
Currency
USD ($)
Daily gold price — May 1992, United States
$338
$337.50/oz
$339
$338.50/oz
$338
$337.50/oz
$337
$336.80/oz
$337
$336.70/oz
$336
$336.10/oz
$337
$336.90/oz
$338
$337.80/oz
$336
$336.20/oz
$335
$335.30/oz
$335
$335.20/oz
$337
$336.90/oz
$339
$339.00/oz
$340
$340.10/oz
$339
$338.90/oz
$340
$339.50/oz
$337
$337.00/oz
$337
$337.30/oz
$338
$337.70/oz
$338
$337.70/oz
$338
$337.90/oz
$339
$338.60/oz
$337
$336.90/oz
$338
$337.50/oz
$340
$339.70/oz
How United States gold prices are calculated on this page
Source. The international XAU/USD spot price comes from gold-api.com's historical archive (London PM-fix benchmark). The USD/USD exchange rate comes from exchangerate-api.com's 1992 year-end snapshot.
Conversion. Every USD figure on this page is computed as XAU/USD price × USD/USD rate. We use the year-end exchange rate consistently across all May 1992 prices on this page.
Per-unit math. Per-gram = per-ounce ÷ 31.1035. Per-tola = per-gram × 11.664. Per-10g = per-gram × 10. Per-kilo = per-gram × 1000. Karat values multiply per-gram by the purity ratio (24K = 0.999, 22K = 0.916, 21K = 0.875, 18K = 0.750, 14K = 0.585, 10K = 0.417).
What this page does NOT include. Local sales tax / VAT, customs duty on imports, dealer making charges, jewellery design premiums, or coin numismatic premiums. To go from this pure-metal value to a final retail rate in United States, add the country-specific levies described in the “United Statesgold market” section above.
FAQ — United States gold price in May 1992
What was the gold price in United States in May 1992?
In May 1992, gold in United States opened at $338/oz and closed at $340/oz — a move of +0.65% on the month. Per tola: ≈$127; per gram: ≈$11; per 10g: ≈$109.
What was the 24K gold rate per tola in United States in May 1992?
The 24K gold rate per tola in United States at the May 1992 close was approximately $127, derived from international XAU/USD spot of $339.70/oz times the 1992-end USD/USD exchange rate of 1. This is pure metal value; final retail rates include local taxes and dealer making charges.
What was the 14K gold rate per troy ounce in United States in May 1992?
United States's most-quoted retail standard is 14K per troy ounce. At the May 1992 close, that worked out to approximately $6 (14K pure-metal value). Add local taxes and making charges for the final retail rate.
How was the local currency price calculated?
USD prices on this page are computed from the verified international XAU/USD spot price for May 1992 (sourced from gold-api.com), multiplied by the 1992-end USD/USD exchange rate from exchangerate-api.com. We use year-end rates as a single reference point for the entire month — for most stable currencies the within-year FX drift is small, but during currency crises (PKR 2022–23, TRY 2022, ARS 2024 etc.) the actual mid-month rate may differ.
Why does the retail price in shops differ from this number?
The $ figures here represent the international gold spot price converted to USD at the 1992-end exchange rate. United States's retail jewellers add (1) import duties and sales tax (varies by SKU and karat), (2) dealer making charges (typically 3–12% of metal value), and (3) a small premium for purity certification on bars. Always verify the exact day's retail rate with a reputable local dealer before transacting.
Want today's rate in United States? See live gold prices in United States with minute-by-minute updates and per-karat breakdowns.
Different month or year? Use the prev / next buttons above, or jump to the full 1992 archive or the USD-only May 1992 page with the country-by-country list at the bottom.
Other markets? Compare May 1992 prices across other major gold-trading countries: Pakistan, India, United Arab Emirates, Saudi Arabia, United Kingdom.
Disclaimer: Historical gold prices on this page reflect the international XAU/USD spot price for the requested period, converted to USD at the 1992-end exchange rate. They are intended for informational and educational use only and do not constitute investment advice or a price quote for buying or selling physical gold today. Always verify current local rates with a reputable bullion dealer in United States before transacting.