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Historical Unit Breakdown

Gold Price in Every Weight Unit — June 22, 2020

International XAU/USD gold closed at $1,762 per troy ounce on this date, equivalent to $56.65 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$660.72

1 Mashaماشہ

1/12 Tola

0.972 g$55.06

1 Rattiرتی

1/96 Tola · gemstones

0.1215 g$6.88

1 Vori (Bhori)ভরি

Bangladesh

11.664 g$660.72

1 Ana (Anna)আনা

1/16 Vori

0.729 g$41.30

Metric & Global

3 units
UnitWeightPrice (USD)

1 Gramg

Worldwide standard

1 g$56.65

1 Kilogramkg

Bulk trade

1,000 g$56,646

1 Troy Ounceoz t

LBMA bullion standard

31.1035 g$1,762

East & Southeast Asian

6 units
UnitWeightPrice (USD)

1 HK Tael兩

Hong Kong, Macau

37.429 g$2,120

1 CN Tael兩

Mainland China

31.25 g$1,770

1 Mace錢

1/10 HK Tael

3.7429 g$212.02

1 Candareen分

1/100 HK Tael

0.37429 g$21.20

1 Bahtบาท

Thailand

15.244 g$863.52

1 Luong (Lượng)lượng

Vietnam

37.5 g$2,124

Middle Eastern

2 units
UnitWeightPrice (USD)

1 Mesghalمثقال

Iran

4.6083 g$261.04

1 Mithqalمثقال

Saudi, UAE, Egypt

4.25 g$240.75

Imperial & Western

2 units
UnitWeightPrice (USD)

1 Pennyweightdwt

1/20 Troy Oz

1.55517 g$88.09

1 Graingr

1/480 Troy Oz

0.064799 g$3.67

How to read this historical table

Every price above is derived directly from the international XAU/USD spot rate on this date ($1,762/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 (June 22, 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 — June 22, 2020

Gold fell 0.07% from the prior trading session ($1,763.13 → $1,761.90 per ounce).

Western wedding season: Western (especially US and European) gold and platinum jewellery demand peaks in May, June and December — combined wedding and gift seasons. US jewellery sales typically see 30–50 percent surges in these months.

Monday — typically a high-volume trading day as markets digest weekend news. Asian gold imports often see Monday surges in major demand countries.

Day 174 of 366 · Q2 2020 · 47.5% through the year

June 2020 gold market: Quiet strength near multi-year highs

Bullish

Eight-year highs on record institutional ETF demand.

Gold firmed to around $1,780 in June as a feared second COVID wave and dovish Fed guidance offset improving economic data. Gold ETFs saw record inflows for the year as institutional investors added the metal as portfolio insurance.

What drove gold in June 2020

  • dovish Fed guidance
  • second-wave COVID fears
  • record gold-ETF inflows
  • weakening US dollar
Themes#ETF demand#Fed policy#second wave

Key events in June 2020

  1. Jun 23Gold reaches ~$1,780, an eight-year high

What happened next

Record ETF inflows in June were the fuel for July's breakout above $1,900.

For gold buyers

June's steadiness near eight-year highs signalled that the rally had broad institutional backing, not just speculative froth.