United States · USD · Tuesday, May 3, 2016
Gold Price in United States — May 3, 2016
On May 3, 2016, gold in United States closed at approximately $1,294 per troy ounce — about $485 per tola or $42 per gram. The figure is computed from the verified international XAU/USD spot price ($1,294.00/oz) × the day's USD/USD exchange rate.
USD / Troy Ounce
$1,294
31.1035 g
USD / Gram
$42
1 g
USD / Tola
$485
11.664 g
All unit prices on May 3, 2016 — United States
| Unit | Weight | USD price |
|---|---|---|
| Troy ounce | 31.1035 g | $1,294 |
| Gram | 1.0000 g | $42 |
| 10 grams | 10 g | $416 |
| Kilogram | 1,000 g | $41,603 |
| Tola | 11.664 g | $485 |
Karat-purity breakdown — May 3, 2016
| Karat | Per gram | Per 10g | Per tola |
|---|---|---|---|
| 24K | $42 | $416 | $485 |
| 22K | $38 | $381 | $444 |
| 21K | $36 | $364 | $425 |
| 18K | $31 | $312 | $364 |
| 14KUNITED STATES STD | $24 | $243 | $284 |
| 10K | $17 | $173 | $202 |
Surrounding ±15 trading days — USD
Price action on May 3, 2016
1-day move
vs prior session
7-day move
rolling week
30-day move
rolling month
YTD
since 1 Jan 2016
Calendar position
Day 124 of 366
Trading day
106th of 313
Position in 2016's range
73% (low $1,077.00 → high $1,375.23)
The United States gold market
The US retail gold market quotes per troy ounce for bullion and per pennyweight or gram for jewellery. 14K is the most common jewellery purity. Most states impose sales tax on jewellery; several (including Texas, Florida, and Washington) exempt investment-grade bullion above defined thresholds. The COMEX gold futures contract on CME Group is the single most-watched price reference globally.
Standard quote unit
troy ounce
Common purity
14K
Currency
USD ($)
May 3 in other years — United States
May 3, 2016 gold price in other countries
How this May 3, 2016 United States price is calculated
International benchmark. The XAU/USD spot price for May 3, 2016 comes from gold-api.com's historical archive — the London PM-fix benchmark, which is the reference used by central banks and bullion dealers globally. On this date, that price was $1,294.00/oz.
Currency conversion. The USD/USD exchange rate for the same date comes from exchangerate-api.com. We apply that day's exact rate (1) to the USD price — not a year-average or month-end approximation. This makes the $ figure on this page accurate to the trading session.
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). We never compound rounding errors by going through intermediate units.
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 States gold market” section above. The retail rate at a jeweller in United States on May 3, 2016 would have been a few percent above this number once those costs are included.
FAQ — United States gold price on May 3, 2016
What was the gold price in United States on May 3, 2016?
On May 3, 2016 (Tuesday), gold in United States traded at approximately $1,294 per troy ounce. That works out to about $42 per gram, $485 per tola, and $416 per 10 grams. The figure is derived from international XAU/USD spot of $1,294.00/oz × the day's USD/USD exchange rate of 1.
What was the 24K gold rate per tola in United States on May 3, 2016?
The 24K gold rate per tola in United States on May 3, 2016 was approximately $485 (99.9% pure metal value). This excludes local taxes, dealer making charges and any country-specific levies — those add on top to produce the final retail rate.
What was the 14K gold rate in United States on May 3, 2016?
United States's most-quoted retail standard is 14K per troy ounce. On May 3, 2016, that pure-metal value was approximately $24. Add country-specific taxes and making charges (see the market-context section above) for the final retail rate.
How accurate is this number versus what jewellers were quoting?
The $ figure on this page is the verified international XAU/USD spot price for May 3, 2016 multiplied by the day's exchange rate. It represents the pure metal value at international parity — what a London-fix benchmark would have implied. Local jewellers add (1) import duties + sales tax / VAT, (2) dealer making charges (typically 3–12% of metal value), and (3) any premium for purity certification. Final retail rates in United States typically sit a few percent above this number.
Was May 3, 2016 a trading day?
Yes — May 3, 2016 was the 106th trading session of 313 for 2016 on the international gold market. Tuesdays are typically active trading days unless they fall on a major holiday.
Want today's rate in United States? See live gold prices in United States with minute-by-minute updates and full karat breakdowns. To compare this archive figure against the live rate, that's where to go.
Different unit on this same date? The USD-only daily archive for May 3, 2016 includes per-day prices in 100+ other currencies and is the canonical reference page for this date.
Browse the archive. Step through every day of May 2016 in United States, see the full 2016 archive, or use our tola, gram and karat calculators for live calculations against today's rate.
Disclaimer: Historical gold prices on this page reflect the international XAU/USD spot price for the requested date, converted to USD at the same day's 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.