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Historical Unit Breakdown

Gold Price in Every Weight Unit — October 9, 2023

International XAU/USD gold closed at $1,846 per troy ounce on this date, equivalent to $59.33 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$692.07

1 Mashaماشہ

1/12 Tola

0.972 g$57.67

1 Rattiرتی

1/96 Tola · gemstones

0.1215 g$7.21

1 Vori (Bhori)ভরি

Bangladesh

11.664 g$692.07

1 Ana (Anna)আনা

1/16 Vori

0.729 g$43.25

Metric & Global

3 units
UnitWeightPrice (USD)

1 Gramg

Worldwide standard

1 g$59.33

1 Kilogramkg

Bulk trade

1,000 g$59,334

1 Troy Ounceoz t

LBMA bullion standard

31.1035 g$1,846

East & Southeast Asian

6 units
UnitWeightPrice (USD)

1 HK Tael兩

Hong Kong, Macau

37.429 g$2,221

1 CN Tael兩

Mainland China

31.25 g$1,854

1 Mace錢

1/10 HK Tael

3.7429 g$222.08

1 Candareen分

1/100 HK Tael

0.37429 g$22.21

1 Bahtบาท

Thailand

15.244 g$904.49

1 Luong (Lượng)lượng

Vietnam

37.5 g$2,225

Middle Eastern

2 units
UnitWeightPrice (USD)

1 Mesghalمثقال

Iran

4.6083 g$273.43

1 Mithqalمثقال

Saudi, UAE, Egypt

4.25 g$252.17

Imperial & Western

2 units
UnitWeightPrice (USD)

1 Pennyweightdwt

1/20 Troy Oz

1.55517 g$92.27

1 Graingr

1/480 Troy Oz

0.064799 g$3.84

How to read this historical table

Every price above is derived directly from the international XAU/USD spot rate on this date ($1,846/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, 2023 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, 2023

Gold fell 0.97% from the prior trading session ($1,863.55 → $1,845.50 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 282 of 365 · Q4 2023 · 77.3% through the year

October 2023 gold market: Israel–Hamas war reignites safe-haven demand

Bullish

War reignited safe-haven flows and reversed the autumn slide.

Gold rallied hard in October after the October 7 Hamas attack on Israel triggered war and fears of a wider Middle East conflict. The metal climbed from about $1,820 to near $2,000, erasing weeks of losses in a matter of days.

What drove gold in October 2023

  • Israel–Hamas war (Oct 7)
  • Middle East escalation fears
  • safe-haven flows
  • falling real yields late month
Themes#geopolitics#Middle East#safe-haven demand

Key events in October 2023

  1. Oct 7Hamas attacks Israel; gold begins a sharp safe-haven rally
  2. Oct 27Gold approaches $2,000 as the conflict intensifies

What happened next

The rebound flowed into a strong year-end as Fed-cut bets revived.

For gold buyers

October repeated a familiar pattern — geopolitical shock lifts gold fast, rewarding those already positioned before the headlines.