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Gold Price in Every Weight Unit — October 16, 2022
International XAU/USD gold closed at $1,669 per troy ounce on this date, equivalent to $53.64 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
1 Tolaتولا · तोला
Pakistan, India, Nepal
1 Mashaماشہ
1/12 Tola
1 Rattiرتی
1/96 Tola · gemstones
1 Vori (Bhori)ভরি
Bangladesh
1 Ana (Anna)আনা
1/16 Vori
Metric & Global
1 Gramg
Worldwide standard
1 Kilogramkg
Bulk trade
1 Troy Ounceoz t
LBMA bullion standard
East & Southeast Asian
1 HK Tael兩
Hong Kong, Macau
1 CN Tael兩
Mainland China
1 Mace錢
1/10 HK Tael
1 Candareen分
1/100 HK Tael
1 Bahtบาท
Thailand
1 Luong (Lượng)lượng
Vietnam
Middle Eastern
1 Mesghalمثقال
Iran
1 Mithqalمثقال
Saudi, UAE, Egypt
Imperial & Western
1 Pennyweightdwt
1/20 Troy Oz
1 Graingr
1/480 Troy Oz
How to read this historical table
Every price above is derived directly from the international XAU/USD spot rate on this date ($1,669/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 16, 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 16, 2022
Gold rose 1.17% from the prior trading session ($1,649.30 → $1,668.53 per ounce).
Sunday — the international gold market is closed. Spot quotes carry forward from the prior Friday close. Retail rates in jewellery markets may differ slightly based on local Sunday hours.
Day 289 of 365 · Q4 2022 · 79.2% through the year
October 2022 gold market: Gold scrapes multi-year lows
BearishHeavy 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
Key events in October 2022
- 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.
Oct 16 across the years — 2020 → 2021
| Year | Oct 16 close | vs prior | |
|---|---|---|---|
| Oct 16, 2021 | $1,772.70 | -6.95% | View |
| Oct 16, 2020 | $1,905.10 | — | View |