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Historical Unit Breakdown

Gold Price in Every Weight Unit — January 12, 2023

International XAU/USD gold closed at $1,883 per troy ounce on this date, equivalent to $60.53 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$705.99

1 Mashaماشہ

1/12 Tola

0.972 g$58.83

1 Rattiرتی

1/96 Tola · gemstones

0.1215 g$7.35

1 Vori (Bhori)ভরি

Bangladesh

11.664 g$705.99

1 Ana (Anna)আনা

1/16 Vori

0.729 g$44.12

Metric & Global

3 units
UnitWeightPrice (USD)

1 Gramg

Worldwide standard

1 g$60.53

1 Kilogramkg

Bulk trade

1,000 g$60,527

1 Troy Ounceoz t

LBMA bullion standard

31.1035 g$1,883

East & Southeast Asian

6 units
UnitWeightPrice (USD)

1 HK Tael兩

Hong Kong, Macau

37.429 g$2,265

1 CN Tael兩

Mainland China

31.25 g$1,891

1 Mace錢

1/10 HK Tael

3.7429 g$226.55

1 Candareen分

1/100 HK Tael

0.37429 g$22.65

1 Bahtบาท

Thailand

15.244 g$922.67

1 Luong (Lượng)lượng

Vietnam

37.5 g$2,270

Middle Eastern

2 units
UnitWeightPrice (USD)

1 Mesghalمثقال

Iran

4.6083 g$278.93

1 Mithqalمثقال

Saudi, UAE, Egypt

4.25 g$257.24

Imperial & Western

2 units
UnitWeightPrice (USD)

1 Pennyweightdwt

1/20 Troy Oz

1.55517 g$94.13

1 Graingr

1/480 Troy Oz

0.064799 g$3.92

How to read this historical table

Every price above is derived directly from the international XAU/USD spot rate on this date ($1,883/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 12, 2023 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 12, 2023

Gold rose 0.54% from the prior trading session ($1,872.40 → $1,882.60 per ounce).

Thursday — a normal trading day. Weekly US initial jobless claims publish at 8:30 AM ET on Thursdays, occasionally producing intraday gold movement.

Day 12 of 365 · Q1 2023 · 3.3% through the year

January 2023 gold market: Strong start on China reopening

Bullish

China reopening and a softer dollar powered a strong start.

Gold rallied from about $1,820 to $1,920 in January as China's abrupt end to its zero-COVID policy revived demand expectations, the dollar weakened, and markets bet the Fed was nearly done hiking. It was one of gold's best opening months in years.

What drove gold in January 2023

  • China reopening from zero-COVID
  • weaker US dollar
  • Fed slowdown expectations
  • resilient central-bank buying
Themes#China demand#US dollar weakness#Fed pivot hopes

Key events in January 2023

  1. Jan 13Gold pushes toward $1,920 as the dollar slides

What happened next

Strong US data in February briefly revived the Fed-hawkish trade and pressured gold.

For gold buyers

January's surge rewarded buyers of the late-2022 lows, as the Fed-pause story finally gained traction.