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Gold Price in Every Weight Unit — February 24, 2022
International XAU/USD gold closed at $1,936 per troy ounce on this date, equivalent to $62.25 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 ($1,936/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 (February 24, 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 — February 24, 2022
Gold rose 1.66% from the prior trading session ($1,904.70 → $1,936.30 per ounce).
Russia invaded Ukraine. Gold spiked to $2,070 in the following days. Sanctions soon froze $300 billion of Russian central-bank reserves — the most consequential monetary event since 1971.
Thursday — a normal trading day. Weekly US initial jobless claims publish at 8:30 AM ET on Thursdays, occasionally producing intraday gold movement.
Day 55 of 365 · Q1 2022 · 15.1% through the year
February 2022 gold market: Russia invades Ukraine; gold surges
BullishA powerful safe-haven surge on the outbreak of war.
Gold rallied through February and exploded higher after Russia invaded Ukraine on February 24, vaulting toward $1,970 as investors fled to safety. The war added a powerful geopolitical and inflationary impulse on top of an already tense macro backdrop.
What drove gold in February 2022
- Russian invasion of Ukraine (Feb 24)
- safe-haven flight
- surging energy and commodity prices
- sanctions and reserve-freezing fears
Key events in February 2022
- Feb 24Russia invades Ukraine; gold spikes toward $1,970
What happened next
The war drove gold to a near-record in early March before the Fed's first hike turned the tide.
For gold buyers
February's war-driven spike rewarded existing holders but, as so often with geopolitical rallies, set a short-term top for new buyers.
Related months to read
Feb 24 across the years — 2020 → 2021
| Year | Feb 24 close | vs prior | |
|---|---|---|---|
| Feb 24, 2021 | $1,788.00 | +6.96% | View |
| Feb 24, 2020 | $1,671.70 | — | View |