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Historical Unit Breakdown

Gold Price in Every Weight Unit — December 14, 2022

International XAU/USD gold closed at $1,808 per troy ounce on this date, equivalent to $58.13 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$678.05

1 Mashaماشہ

1/12 Tola

0.972 g$56.50

1 Rattiرتی

1/96 Tola · gemstones

0.1215 g$7.06

1 Vori (Bhori)ভরি

Bangladesh

11.664 g$678.05

1 Ana (Anna)আনা

1/16 Vori

0.729 g$42.38

Metric & Global

3 units
UnitWeightPrice (USD)

1 Gramg

Worldwide standard

1 g$58.13

1 Kilogramkg

Bulk trade

1,000 g$58,132

1 Troy Ounceoz t

LBMA bullion standard

31.1035 g$1,808

East & Southeast Asian

6 units
UnitWeightPrice (USD)

1 HK Tael兩

Hong Kong, Macau

37.429 g$2,176

1 CN Tael兩

Mainland China

31.25 g$1,817

1 Mace錢

1/10 HK Tael

3.7429 g$217.58

1 Candareen分

1/100 HK Tael

0.37429 g$21.76

1 Bahtบาท

Thailand

15.244 g$886.16

1 Luong (Lượng)lượng

Vietnam

37.5 g$2,180

Middle Eastern

2 units
UnitWeightPrice (USD)

1 Mesghalمثقال

Iran

4.6083 g$267.89

1 Mithqalمثقال

Saudi, UAE, Egypt

4.25 g$247.06

Imperial & Western

2 units
UnitWeightPrice (USD)

1 Pennyweightdwt

1/20 Troy Oz

1.55517 g$90.40

1 Graingr

1/480 Troy Oz

0.064799 g$3.77

How to read this historical table

Every price above is derived directly from the international XAU/USD spot rate on this date ($1,808/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 (December 14, 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 — December 14, 2022

Gold fell 0.85% from the prior trading session ($1,823.60 → $1,808.10 per ounce).

Wednesday — a normal trading day. FOMC announcements (when scheduled) typically come on Wednesdays at 2 PM ET, often producing intraday gold volatility.

Day 348 of 365 · Q4 2022 · 95.3% through the year

December 2022 gold market: Year ends with a quiet recovery

Bullish

A resilient flat year despite brutal rate hikes.

Gold firmed into year-end near $1,825, recovering most of its mid-year losses to finish 2022 roughly flat in dollar terms — a resilient result given the most aggressive Fed tightening in four decades. Record central-bank buying underpinned the recovery.

What drove gold in December 2022

  • record central-bank gold purchases
  • softening dollar
  • Fed downshift to +50bp
  • China reopening optimism
Themes#central-bank demand#Fed policy#year-end

Key events in December 2022

  1. Dec 14Fed slows to a 50bp hike; gold holds firm

What happened next

Record official-sector buying set the stage for gold's run to new records in 2024.

For gold buyers

Finishing 2022 near flat despite brutal rate hikes was a quiet show of strength — and central banks, the year's biggest buyers, clearly agreed.