Goldify Pro
Live Gold Rates & Tools
Gold Price in Every Weight Unit — January 11, 2020
International XAU/USD gold closed at $1,554 per troy ounce on this date, equivalent to $49.95 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 ($1,554/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 (January 11, 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 — January 11, 2020
Gold rose 0.18% from the prior trading session ($1,550.80 → $1,553.60 per ounce).
Saturday — the international gold market is closed. Most retail jewellery markets, especially in Asia and the Middle East, see peak Saturday foot-traffic and physical trade activity.
Day 11 of 366 · Q1 2020 · 3.0% through the year
January 2020 gold market: Year opens with a US–Iran war scare
VolatileA sharp geopolitical spike that mostly held into month-end.
Gold began 2020 near $1,520 and spiked toward $1,610 in the first week after a US drone strike killed Iranian commander Qassem Soleimani, reviving Middle East war fears. The rally faded as tensions cooled, but the metal held most of its gains, closing the month around $1,585 — its highest monthly close in nearly seven years.
The Soleimani strike was a reminder that gold's fastest moves come from surprise geopolitical shocks rather than slow macro trends. What made January unusual was that gold kept most of its war premium even after the immediate crisis passed — a sign that underlying demand was already firm thanks to low real yields and a cooling Federal Reserve. In hindsight, the month was the quiet opening act before COVID-19 rewrote the entire year.
What drove gold in January 2020
- US–Iran military escalation
- safe-haven demand spike
- soft US real yields
- early reports of a novel coronavirus in China
Key events in January 2020
- Jan 3US airstrike kills Iran's Qassem Soleimani; gold gaps higher
- Jan 8Iran missile retaliation; gold tags ~$1,610 then retreats
What happened next
The war scare faded, but within weeks a far bigger shock — COVID-19 — would dominate the rest of 2020.
For gold buyers
January rewarded buyers who already held gold; chasing the geopolitical spike near $1,600 meant paying up right before a brief cooldown.
Key terms this month
- Safe-haven asset:
- An investment expected to hold or gain value during market turmoil; gold is the classic example.
- Real yield:
- A bond's interest rate minus inflation. When real yields fall, non-yielding gold becomes relatively more attractive.
Related months to read