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Historical Unit Breakdown

Gold Price in Every Weight Unit — September 7, 2020

International XAU/USD gold closed at $1,929 per troy ounce on this date, equivalent to $62.00 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$723.20

1 Mashaماشہ

1/12 Tola

0.972 g$60.27

1 Rattiرتی

1/96 Tola · gemstones

0.1215 g$7.53

1 Vori (Bhori)ভরি

Bangladesh

11.664 g$723.20

1 Ana (Anna)আনা

1/16 Vori

0.729 g$45.20

Metric & Global

3 units
UnitWeightPrice (USD)

1 Gramg

Worldwide standard

1 g$62.00

1 Kilogramkg

Bulk trade

1,000 g$62,003

1 Troy Ounceoz t

LBMA bullion standard

31.1035 g$1,929

East & Southeast Asian

6 units
UnitWeightPrice (USD)

1 HK Tael兩

Hong Kong, Macau

37.429 g$2,321

1 CN Tael兩

Mainland China

31.25 g$1,938

1 Mace錢

1/10 HK Tael

3.7429 g$232.07

1 Candareen分

1/100 HK Tael

0.37429 g$23.21

1 Bahtบาท

Thailand

15.244 g$945.17

1 Luong (Lượng)lượng

Vietnam

37.5 g$2,325

Middle Eastern

2 units
UnitWeightPrice (USD)

1 Mesghalمثقال

Iran

4.6083 g$285.73

1 Mithqalمثقال

Saudi, UAE, Egypt

4.25 g$263.51

Imperial & Western

2 units
UnitWeightPrice (USD)

1 Pennyweightdwt

1/20 Troy Oz

1.55517 g$96.42

1 Graingr

1/480 Troy Oz

0.064799 g$4.02

How to read this historical table

Every price above is derived directly from the international XAU/USD spot rate on this date ($1,929/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 (September 7, 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 — September 7, 2020

Gold fell 0.67% from the prior trading session ($1,941.48 → $1,928.50 per ounce).

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

Day 251 of 366 · Q3 2020 · 68.6% through the year

September 2020 gold market: Correction as the dollar bounces

Bearish

An orderly post-record pullback on a dollar bounce.

Gold spent September digesting its record run, slipping toward $1,880 as the dollar staged a recovery and risk appetite wobbled. The pullback was orderly — a consolidation of 2020's enormous gains rather than a trend reversal.

What drove gold in September 2020

  • US dollar rebound
  • stalled stimulus negotiations
  • profit-taking
  • rising real yields off the lows
Themes#correction#US dollar strength#profit-taking

Key events in September 2020

  1. Sep 23Gold dips toward $1,880 as the dollar firms

What happened next

September's pullback gave way to two months of range-trading before the vaccine shock in November.

For gold buyers

September's orderly pullback offered re-entry for buyers who missed the summer surge, without signalling the bull market was over.