United States · USD · May 2016
Gold Price in United States — May 2016
In May 2016, the gold price in United States closed at approximately $1,212 per troy ounce, equivalent to $455 per tola or $39 per gram. This represents a -3.87% change on the month ($1,261 open → $1,212 close).
Open
$1,261
per troy ounce
Close
$1,212
per troy ounce
High
$1,294
per troy ounce
Low
$1,212
per troy ounce
All unit prices at May 2016 close — United States
| Unit | Weight | Closing USD price |
|---|---|---|
| Troy ounce | 31.1035 g | $1,212 |
| Gram | 1.0000 g | $39 |
| 10 grams | 10 g | $390 |
| Kilogram | 1,000 g | $38,970 |
| Tola | 11.664 g | $455 |
Karat-purity breakdown at May 2016 close
| Karat | Per gram | Per tola |
|---|---|---|
| 24K | $39 | $454 |
| 22K | $36 | $416 |
| 21K | $34 | $398 |
| 18K | $29 | $341 |
| 14KUNITED STATES STD | $23 | $266 |
| 10K | $16 | $190 |
Daily gold price in USD — May 2016
The United States gold market
The US retail gold market quotes per troy ounce for bullion and per pennyweight or gram for jewellery. 14K is the most common jewellery purity. Most states impose sales tax on jewellery; several (including Texas, Florida, and Washington) exempt investment-grade bullion above defined thresholds. The COMEX gold futures contract on CME Group is the single most-watched price reference globally.
Standard quote unit
troy ounce
Common purity
14K
Currency
USD ($)
Daily gold price — May 2016, United States
$1,261
$1,260.95/oz
$1,286
$1,285.70/oz
$1,294
$1,294.00/oz
$1,283
$1,283.00/oz
$1,280
$1,280.30/oz
$1,289
$1,289.00/oz
$1,288
$1,287.74/oz
$1,265
$1,265.30/oz
$1,263
$1,262.80/oz
$1,277
$1,276.90/oz
$1,279
$1,279.30/oz
$1,266
$1,265.90/oz
$1,289
$1,288.77/oz
$1,286
$1,285.80/oz
$1,277
$1,277.00/oz
$1,273
$1,272.90/oz
$1,246
$1,246.30/oz
$1,254
$1,254.20/oz
$1,256
$1,256.17/oz
$1,246
$1,245.90/oz
$1,237
$1,236.90/oz
$1,221
$1,220.60/oz
$1,224
$1,223.90/oz
$1,216
$1,216.30/oz
$1,214
$1,213.62/oz
$1,216
$1,216.30/oz
$1,212
$1,212.10/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 2016 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 2016 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 2016
What was the gold price in United States in May 2016?
In May 2016, gold in United States opened at $1,261/oz and closed at $1,212/oz — a move of -3.87% on the month. Per tola: ≈$455; per gram: ≈$39; per 10g: ≈$390.
What was the 24K gold rate per tola in United States in May 2016?
The 24K gold rate per tola in United States at the May 2016 close was approximately $455, derived from international XAU/USD spot of $1,212.10/oz times the 2016-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 2016?
United States's most-quoted retail standard is 14K per troy ounce. At the May 2016 close, that worked out to approximately $23 (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 2016 (sourced from gold-api.com), multiplied by the 2016-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 2016-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 2016 archive or the USD-only May 2016 page with the country-by-country list at the bottom.
Other markets? Compare May 2016 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 2016-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.