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Historical Unit Breakdown

Gold Price in Every Weight Unit — July 8, 2020

International XAU/USD gold closed at $1,811 per troy ounce on this date, equivalent to $58.23 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$679.17

1 Mashaماشہ

1/12 Tola

0.972 g$56.60

1 Rattiرتی

1/96 Tola · gemstones

0.1215 g$7.07

1 Vori (Bhori)ভরি

Bangladesh

11.664 g$679.17

1 Ana (Anna)আনা

1/16 Vori

0.729 g$42.45

Metric & Global

3 units
UnitWeightPrice (USD)

1 Gramg

Worldwide standard

1 g$58.23

1 Kilogramkg

Bulk trade

1,000 g$58,228

1 Troy Ounceoz t

LBMA bullion standard

31.1035 g$1,811

East & Southeast Asian

6 units
UnitWeightPrice (USD)

1 HK Tael兩

Hong Kong, Macau

37.429 g$2,179

1 CN Tael兩

Mainland China

31.25 g$1,820

1 Mace錢

1/10 HK Tael

3.7429 g$217.94

1 Candareen分

1/100 HK Tael

0.37429 g$21.79

1 Bahtบาท

Thailand

15.244 g$887.63

1 Luong (Lượng)lượng

Vietnam

37.5 g$2,184

Middle Eastern

2 units
UnitWeightPrice (USD)

1 Mesghalمثقال

Iran

4.6083 g$268.33

1 Mithqalمثقال

Saudi, UAE, Egypt

4.25 g$247.47

Imperial & Western

2 units
UnitWeightPrice (USD)

1 Pennyweightdwt

1/20 Troy Oz

1.55517 g$90.55

1 Graingr

1/480 Troy Oz

0.064799 g$3.77

How to read this historical table

Every price above is derived directly from the international XAU/USD spot rate on this date ($1,811/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 (July 8, 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 — July 8, 2020

Gold rose 1.20% from the prior trading session ($1,789.60 → $1,811.10 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 190 of 366 · Q3 2020 · 51.9% through the year

July 2020 gold market: Gold smashes through $1,900 toward records

Bullish

A momentum surge to the doorstep of all-time highs.

July was explosive. Gold broke above $1,800 early and accelerated to challenge its 2011 record near $1,920 by month-end, driven by a sliding dollar, deeply negative real yields, and rising US–China tensions. It was gold's strongest month of an extraordinary year.

What drove gold in July 2020

  • US dollar sliding to two-year lows
  • real yields deeply negative
  • US–China tensions escalating
  • momentum and ETF buying
Themes#US dollar weakness#momentum#US–China tensions

Key events in July 2020

  1. Jul 24Gold clears $1,900 as the dollar tumbles
  2. Jul 27Gold nears its 2011 record high around $1,920

What happened next

The July momentum carried straight into August's record-setting blow-off top.

For gold buyers

By late July the trade had become crowded; buyers chasing the breakout above $1,900 were entering right before the August blow-off top.

Related months to read

Aug 2020 — all-time high