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Historical Unit Breakdown

Gold Price in Every Weight Unit — October 9, 2020

International XAU/USD gold closed at $1,923 per troy ounce on this date, equivalent to $61.84 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$721.25

1 Mashaماشہ

1/12 Tola

0.972 g$60.10

1 Rattiرتی

1/96 Tola · gemstones

0.1215 g$7.51

1 Vori (Bhori)ভরি

Bangladesh

11.664 g$721.25

1 Ana (Anna)আনা

1/16 Vori

0.729 g$45.08

Metric & Global

3 units
UnitWeightPrice (USD)

1 Gramg

Worldwide standard

1 g$61.84

1 Kilogramkg

Bulk trade

1,000 g$61,835

1 Troy Ounceoz t

LBMA bullion standard

31.1035 g$1,923

East & Southeast Asian

6 units
UnitWeightPrice (USD)

1 HK Tael兩

Hong Kong, Macau

37.429 g$2,314

1 CN Tael兩

Mainland China

31.25 g$1,932

1 Mace錢

1/10 HK Tael

3.7429 g$231.44

1 Candareen分

1/100 HK Tael

0.37429 g$23.14

1 Bahtบาท

Thailand

15.244 g$942.62

1 Luong (Lượng)lượng

Vietnam

37.5 g$2,319

Middle Eastern

2 units
UnitWeightPrice (USD)

1 Mesghalمثقال

Iran

4.6083 g$284.96

1 Mithqalمثقال

Saudi, UAE, Egypt

4.25 g$262.80

Imperial & Western

2 units
UnitWeightPrice (USD)

1 Pennyweightdwt

1/20 Troy Oz

1.55517 g$96.16

1 Graingr

1/480 Troy Oz

0.064799 g$4.01

How to read this historical table

Every price above is derived directly from the international XAU/USD spot rate on this date ($1,923/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 (October 9, 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 — October 9, 2020

Gold rose 1.90% from the prior trading session ($1,887.50 → $1,923.30 per ounce).

Friday — typically a higher-volatility close to the week. US monthly non-farm payrolls publish on the first Friday of each month at 8:30 AM ET, the single most-watched economic data release for gold.

Day 283 of 366 · Q4 2020 · 77.3% through the year

October 2020 gold market: Range-bound into the US election

Range-bound

A low-volatility holding pattern before the election.

Gold chopped sideways around $1,900 through October as investors awaited the US presidential election and another round of stimulus that never quite arrived. Low volatility masked an underlying tension between debasement bulls and a recovering dollar.

What drove gold in October 2020

  • US election uncertainty
  • stalled stimulus talks
  • range-bound dollar
  • subdued volatility
Themes#US election#consolidation#stimulus

Key events in October 2020

  1. Oct 30Gold ends October near $1,880 ahead of the election

What happened next

The quiet broke violently in November when vaccine breakthroughs rotated investors out of safe havens.

For gold buyers

October rewarded patience over conviction; with catalysts pending, neither bulls nor bears could force a breakout.