United States · USD · Saturday, May 16, 2020
Gold Price in United States — May 16, 2020
United States historical gold-price archive for May 16, 2020. Price data may be unavailable if this date fell on a major market holiday; the surrounding-day navigation below will take you to the closest available record.
USD / Troy Ounce
—
31.1035 g
USD / Gram
—
1 g
USD / Tola
—
11.664 g
All unit prices on May 16, 2020 — United States
| Unit | Weight | USD price |
|---|---|---|
| Troy ounce | 31.1035 g | — |
| Gram | 1.0000 g | — |
| 10 grams | 10 g | — |
| Kilogram | 1,000 g | — |
| Tola | 11.664 g | — |
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 16 in other years — United States
May 16, 2020 gold price in other countries
How this May 16, 2020 United States price is calculated
International benchmark. The XAU/USD spot price for May 16, 2020 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 —/oz.
Currency conversion. The USD/USD exchange rate for the same date comes from exchangerate-api.com. We apply that day's exact rate (—) 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 16, 2020 would have been a few percent above this number once those costs are included.
FAQ — United States gold price on May 16, 2020
What was the gold price in United States on May 16, 2020?
United States historical archive for May 16, 2020 — exact prices may be unavailable if the date fell on a market holiday.
What was the 24K gold rate per tola in United States on May 16, 2020?
Tola-based 24K gold rate computation requires both the day's XAU/USD spot and USD/USD FX, one of which is missing for this date.
What was the 14K gold rate in United States on May 16, 2020?
Retail karat rate for this date is unavailable.
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 16, 2020 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 16, 2020 a trading day?
May 16, 2020 fell on a Saturday; the international gold market may have been closed (weekend or holiday). The price shown on this page reflects the most recent close carried forward.
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 16, 2020 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 2020 in United States, see the full 2020 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.