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Historical Unit Breakdown

Gold Price in Every Weight Unit — October 7, 2022

International XAU/USD gold closed at $1,696 per troy ounce on this date, equivalent to $54.53 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$636.09

1 Mashaماشہ

1/12 Tola

0.972 g$53.01

1 Rattiرتی

1/96 Tola · gemstones

0.1215 g$6.63

1 Vori (Bhori)ভরি

Bangladesh

11.664 g$636.09

1 Ana (Anna)আনা

1/16 Vori

0.729 g$39.76

Metric & Global

3 units
UnitWeightPrice (USD)

1 Gramg

Worldwide standard

1 g$54.53

1 Kilogramkg

Bulk trade

1,000 g$54,534

1 Troy Ounceoz t

LBMA bullion standard

31.1035 g$1,696

East & Southeast Asian

6 units
UnitWeightPrice (USD)

1 HK Tael兩

Hong Kong, Macau

37.429 g$2,041

1 CN Tael兩

Mainland China

31.25 g$1,704

1 Mace錢

1/10 HK Tael

3.7429 g$204.12

1 Candareen分

1/100 HK Tael

0.37429 g$20.41

1 Bahtบาท

Thailand

15.244 g$831.32

1 Luong (Lượng)lượng

Vietnam

37.5 g$2,045

Middle Eastern

2 units
UnitWeightPrice (USD)

1 Mesghalمثقال

Iran

4.6083 g$251.31

1 Mithqalمثقال

Saudi, UAE, Egypt

4.25 g$231.77

Imperial & Western

2 units
UnitWeightPrice (USD)

1 Pennyweightdwt

1/20 Troy Oz

1.55517 g$84.81

1 Graingr

1/480 Troy Oz

0.064799 g$3.53

How to read this historical table

Every price above is derived directly from the international XAU/USD spot rate on this date ($1,696/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 7, 2022 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 7, 2022

Gold fell 1.05% from the prior trading session ($1,714.20 → $1,696.20 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 280 of 365 · Q4 2022 · 76.7% through the year

October 2022 gold market: Gold scrapes multi-year lows

Bearish

Heavy trade near multi-year lows on dollar and yield pressure.

Gold traded heavily around $1,640 in October 2022, near its lowest levels in over two years, as a still-strong dollar, a fourth jumbo Fed hike on the horizon, and surging global yields kept pressure on. Resilient physical demand quietly cushioned the lows.

What drove gold in October 2022

  • dollar near 20-year highs
  • expectations of a fourth +75bp hike
  • surging global bond yields
  • supportive physical and central-bank demand
Themes#US dollar strength#Fed policy#multi-year lows

Key events in October 2022

  1. Oct 21Gold hovers near $1,640 as yields and the dollar stay elevated

What happened next

November's softer inflation print finally sparked a sharp reversal off the lows.

For gold buyers

October's grind near $1,640 was peak pessimism in dollars — the bottom from which gold would rebound strongly.