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Historical Unit Breakdown

Gold Price in Every Weight Unit — May 2, 2020

International XAU/USD gold closed at $1,716 per troy ounce on this date, equivalent to $55.17 per gram. The table below converts that reference value into every major regional gold weight unit — from the South Asian Tola, Masha and Rattito Bangladesh's Vori, Thailand's Baht, Vietnam's Lượng, Iran's Mesghal, and the Chinese Tael, Mace and Candareen.

South Asian

5 units
UnitWeightPrice (USD)

1 Tolaتولا · तोला

Pakistan, India, Nepal

11.664 g$643.48

1 Mashaماشہ

1/12 Tola

0.972 g$53.62

1 Rattiرتی

1/96 Tola · gemstones

0.1215 g$6.70

1 Vori (Bhori)ভরি

Bangladesh

11.664 g$643.48

1 Ana (Anna)আনা

1/16 Vori

0.729 g$40.22

Metric & Global

3 units
UnitWeightPrice (USD)

1 Gramg

Worldwide standard

1 g$55.17

1 Kilogramkg

Bulk trade

1,000 g$55,168

1 Troy Ounceoz t

LBMA bullion standard

31.1035 g$1,716

East & Southeast Asian

6 units
UnitWeightPrice (USD)

1 HK Tael兩

Hong Kong, Macau

37.429 g$2,065

1 CN Tael兩

Mainland China

31.25 g$1,724

1 Mace錢

1/10 HK Tael

3.7429 g$206.49

1 Candareen分

1/100 HK Tael

0.37429 g$20.65

1 Bahtบาท

Thailand

15.244 g$840.98

1 Luong (Lượng)lượng

Vietnam

37.5 g$2,069

Middle Eastern

2 units
UnitWeightPrice (USD)

1 Mesghalمثقال

Iran

4.6083 g$254.23

1 Mithqalمثقال

Saudi, UAE, Egypt

4.25 g$234.46

Imperial & Western

2 units
UnitWeightPrice (USD)

1 Pennyweightdwt

1/20 Troy Oz

1.55517 g$85.80

1 Graingr

1/480 Troy Oz

0.064799 g$3.57

How to read this historical table

Every price above is derived directly from the international XAU/USD spot rate on this date ($1,716/oz) using fixed weight constants — 1 troy ounce = 31.1035 g, 1 tola = 11.664 g, 1 baht = 15.244 g, 1 lượng = 37.5 g, 1 mesghal = 4.6083 g, and so on. These multipliers are mathematical, not market estimates, so the conversions are exact.

Prices are shown in US dollars only. Historical local-currency gold rates depended on the exchange rate at the time (May 2, 2020 rates for PKR, INR, AED and others were materially different from today). For an accurate same-date local-currency value, see the country-specific archive link below this section when available.

The figures are pure metal value at international parity — they do not include the import duty, VAT/GST, jeweller making charges, or dealer margin that would have applied at retail counters on this date. For wedding-jewellery or coin pricing context, retail in 22K commonly added 5–15% on top of the spot value shown here.

On this day — May 2, 2020

Gold rose 0.77% from the prior trading session ($1,702.80 → $1,715.91 per ounce).

Akshaya Tritiya: One of the most important gold-buying days in the Hindu calendar — Indian households often buy gold for the day, treating it as auspicious for wealth and prosperity. India's monthly gold imports typically surge 20–40 percent in the month containing Akshaya Tritiya.

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 123 of 366 · Q2 2020 · 33.6% through the year

May 2020 gold market: Grind higher as real yields sink

Range-bound

A consolidation that held the April breakout.

Gold consolidated its gains in May, trading in the $1,690–$1,750 band. Record-low real yields and a steady expansion of central-bank balance sheets kept a firm floor under prices even as parts of the economy began reopening.

What drove gold in May 2020

  • record-low real yields
  • expanding central-bank balance sheets
  • reopening optimism capping upside
  • steady investment inflows into gold ETFs
Themes#negative real yields#ETF demand#consolidation

Key events in May 2020

  1. May 18Gold pushes toward $1,765 on stimulus and ETF buying

What happened next

May's tight consolidation built the base for the explosive summer rally.

For gold buyers

May was a patience month — gold held its gains rather than extending them, rewarding accumulation over timing.