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Historical Unit Breakdown

Gold Price in Every Weight Unit — January 31, 2021

International XAU/USD gold closed at $1,872 per troy ounce on this date, equivalent to $60.18 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$701.97

1 Mashaماشہ

1/12 Tola

0.972 g$58.50

1 Rattiرتی

1/96 Tola · gemstones

0.1215 g$7.31

1 Vori (Bhori)ভরি

Bangladesh

11.664 g$701.97

1 Ana (Anna)আনা

1/16 Vori

0.729 g$43.87

Metric & Global

3 units
UnitWeightPrice (USD)

1 Gramg

Worldwide standard

1 g$60.18

1 Kilogramkg

Bulk trade

1,000 g$60,183

1 Troy Ounceoz t

LBMA bullion standard

31.1035 g$1,872

East & Southeast Asian

6 units
UnitWeightPrice (USD)

1 HK Tael兩

Hong Kong, Macau

37.429 g$2,253

1 CN Tael兩

Mainland China

31.25 g$1,881

1 Mace錢

1/10 HK Tael

3.7429 g$225.26

1 Candareen分

1/100 HK Tael

0.37429 g$22.53

1 Bahtบาท

Thailand

15.244 g$917.42

1 Luong (Lượng)lượng

Vietnam

37.5 g$2,257

Middle Eastern

2 units
UnitWeightPrice (USD)

1 Mesghalمثقال

Iran

4.6083 g$277.34

1 Mithqalمثقال

Saudi, UAE, Egypt

4.25 g$255.78

Imperial & Western

2 units
UnitWeightPrice (USD)

1 Pennyweightdwt

1/20 Troy Oz

1.55517 g$93.59

1 Graingr

1/480 Troy Oz

0.064799 g$3.90

How to read this historical table

Every price above is derived directly from the international XAU/USD spot rate on this date ($1,872/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 31, 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 31, 2021

Gold rose 0.43% from the prior trading session ($1,863.80 → $1,871.89 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.

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 31 of 365 · Q1 2021 · 8.5% 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.