G

Goldify Pro

Live Gold Rates & Tools

Historical Unit Breakdown

Gold Price in Every Weight Unit — May 6, 2020

International XAU/USD gold closed at $1,692 per troy ounce on this date, equivalent to $54.38 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$634.32

1 Mashaماشہ

1/12 Tola

0.972 g$52.86

1 Rattiرتی

1/96 Tola · gemstones

0.1215 g$6.61

1 Vori (Bhori)ভরি

Bangladesh

11.664 g$634.32

1 Ana (Anna)আনা

1/16 Vori

0.729 g$39.65

Metric & Global

3 units
UnitWeightPrice (USD)

1 Gramg

Worldwide standard

1 g$54.38

1 Kilogramkg

Bulk trade

1,000 g$54,383

1 Troy Ounceoz t

LBMA bullion standard

31.1035 g$1,692

East & Southeast Asian

6 units
UnitWeightPrice (USD)

1 HK Tael兩

Hong Kong, Macau

37.429 g$2,035

1 CN Tael兩

Mainland China

31.25 g$1,699

1 Mace錢

1/10 HK Tael

3.7429 g$203.55

1 Candareen分

1/100 HK Tael

0.37429 g$20.35

1 Bahtบาท

Thailand

15.244 g$829.01

1 Luong (Lượng)lượng

Vietnam

37.5 g$2,039

Middle Eastern

2 units
UnitWeightPrice (USD)

1 Mesghalمثقال

Iran

4.6083 g$250.61

1 Mithqalمثقال

Saudi, UAE, Egypt

4.25 g$231.13

Imperial & Western

2 units
UnitWeightPrice (USD)

1 Pennyweightdwt

1/20 Troy Oz

1.55517 g$84.57

1 Graingr

1/480 Troy Oz

0.064799 g$3.52

How to read this historical table

Every price above is derived directly from the international XAU/USD spot rate on this date ($1,692/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 6, 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 6, 2020

Gold fell 0.48% from the prior trading session ($1,699.60 → $1,691.50 per ounce).

Wednesday — a normal trading day. FOMC announcements (when scheduled) typically come on Wednesdays at 2 PM ET, often producing intraday gold volatility.

Day 127 of 366 · Q2 2020 · 34.7% 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.