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Historical Unit Breakdown

Gold Price in Every Weight Unit — January 23, 2021

International XAU/USD gold closed at $1,853 per troy ounce on this date, equivalent to $59.57 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$694.77

1 Mashaماشہ

1/12 Tola

0.972 g$57.90

1 Rattiرتی

1/96 Tola · gemstones

0.1215 g$7.24

1 Vori (Bhori)ভরি

Bangladesh

11.664 g$694.77

1 Ana (Anna)আনা

1/16 Vori

0.729 g$43.42

Metric & Global

3 units
UnitWeightPrice (USD)

1 Gramg

Worldwide standard

1 g$59.57

1 Kilogramkg

Bulk trade

1,000 g$59,566

1 Troy Ounceoz t

LBMA bullion standard

31.1035 g$1,853

East & Southeast Asian

6 units
UnitWeightPrice (USD)

1 HK Tael兩

Hong Kong, Macau

37.429 g$2,229

1 CN Tael兩

Mainland China

31.25 g$1,861

1 Mace錢

1/10 HK Tael

3.7429 g$222.95

1 Candareen分

1/100 HK Tael

0.37429 g$22.29

1 Bahtบาท

Thailand

15.244 g$908.02

1 Luong (Lượng)lượng

Vietnam

37.5 g$2,234

Middle Eastern

2 units
UnitWeightPrice (USD)

1 Mesghalمثقال

Iran

4.6083 g$274.50

1 Mithqalمثقال

Saudi, UAE, Egypt

4.25 g$253.15

Imperial & Western

2 units
UnitWeightPrice (USD)

1 Pennyweightdwt

1/20 Troy Oz

1.55517 g$92.63

1 Graingr

1/480 Troy Oz

0.064799 g$3.86

How to read this historical table

Every price above is derived directly from the international XAU/USD spot rate on this date ($1,853/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 23, 2021 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 23, 2021

Gold fell 0.50% from the prior trading session ($1,862.10 → $1,852.70 per ounce).

Chinese New Year: Chinese gold demand surges in the lead-up to Lunar New Year as families exchange gold pendants, rings and bars. Year-on-year, China's January–February gold imports run 30–50 percent above other months.

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 23 of 365 · Q1 2021 · 6.3% through the year

January 2021 gold market: Reflation trade pressures gold

Bearish

Recovery optimism and rising yields pressured gold.

Gold eased from around $1,950 toward $1,850 early in 2021 as rising bond yields and optimism about vaccines and stimulus fuelled a 'reflation' rotation into cyclical assets and away from safe havens.

What drove gold in January 2021

  • rising US Treasury yields
  • vaccine-rollout optimism
  • rotation into cyclical assets
  • stronger US dollar
Themes#reflation#rising yields#risk-on rotation

Key events in January 2021

  1. Jan 6Yields jump after Georgia Senate runoffs; gold slips

What happened next

Rising yields kept pressuring gold to a March low near $1,680.

For gold buyers

2021 opened as a mirror image of 2020 — recovery optimism and rising yields did to gold what crisis and falling yields had done for it.