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Gold Price in Every Weight Unit — January 23, 2022
International XAU/USD gold closed at $1,844 per troy ounce on this date, equivalent to $59.30 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 ($1,844/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, 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 — January 23, 2022
Gold rose 0.37% from the prior trading session ($1,837.60 → $1,844.38 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 23 of 365 · Q1 2022 · 6.3% through the year
January 2022 gold market: Hawkish Fed pivot caps the year's open
Range-boundHot inflation supported gold; a hawkish Fed capped it.
Gold started 2022 around $1,800 but struggled as the Federal Reserve signalled an aggressive tightening campaign to fight four-decade-high inflation. Rising rate expectations and a firm dollar kept a lid on prices even as real-world inflation ran hot.
What drove gold in January 2022
- Fed signalling aggressive rate hikes
- 40-year-high US inflation
- rising real-yield expectations
- firm US dollar
Key events in January 2022
- Jan 26Fed flags imminent rate liftoff; gold slips
What happened next
The standoff broke in February when Russia's invasion of Ukraine sent gold surging.
For gold buyers
January set 2022's central tension: surging inflation supported gold, but the Fed's response to it worked against the price.
Jan 23 across the years — 2020 → 2021
| Year | Jan 23 close | vs prior | |
|---|---|---|---|
| Jan 23, 2021 | $1,852.70 | +18.54% | View |
| Jan 23, 2020 | $1,562.90 | — | View |