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Historical Unit Breakdown

Gold Price in Every Weight Unit — June 29, 2023

International XAU/USD gold closed at $1,900 per troy ounce on this date, equivalent to $61.07 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$712.36

1 Mashaماشہ

1/12 Tola

0.972 g$59.36

1 Rattiرتی

1/96 Tola · gemstones

0.1215 g$7.42

1 Vori (Bhori)ভরি

Bangladesh

11.664 g$712.36

1 Ana (Anna)আনা

1/16 Vori

0.729 g$44.52

Metric & Global

3 units
UnitWeightPrice (USD)

1 Gramg

Worldwide standard

1 g$61.07

1 Kilogramkg

Bulk trade

1,000 g$61,074

1 Troy Ounceoz t

LBMA bullion standard

31.1035 g$1,900

East & Southeast Asian

6 units
UnitWeightPrice (USD)

1 HK Tael

Hong Kong, Macau

37.429 g$2,286

1 CN Tael

Mainland China

31.25 g$1,909

1 Mace

1/10 HK Tael

3.7429 g$228.59

1 Candareen

1/100 HK Tael

0.37429 g$22.86

1 Bahtบาท

Thailand

15.244 g$931.00

1 Luong (Lượng)lượng

Vietnam

37.5 g$2,290

Middle Eastern

2 units
UnitWeightPrice (USD)

1 Mesghalمثقال

Iran

4.6083 g$281.45

1 Mithqalمثقال

Saudi, UAE, Egypt

4.25 g$259.56

Imperial & Western

2 units
UnitWeightPrice (USD)

1 Pennyweightdwt

1/20 Troy Oz

1.55517 g$94.98

1 Graingr

1/480 Troy Oz

0.064799 g$3.96

How to read this historical table

Every price above is derived directly from the international XAU/USD spot rate on this date ($1,900/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 (June 29, 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 — June 29, 2023

Gold fell 0.46% from the prior trading session ($1,908.40 → $1,899.60 per ounce).

Western wedding season: Western (especially US and European) gold and platinum jewellery demand peaks in May, June and December — combined wedding and gift seasons. US jewellery sales typically see 30–50 percent surges in these months.

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

Day 180 of 365 · Q2 2023 · 49.3% through the year

June 2023 gold market: Higher-for-longer rates weigh

Bearish

A hawkish 'skip' and resilient economy pressured gold.

Gold eased toward $1,920 in June as the Federal Reserve 'skipped' a hike but signalled more tightening ahead, and a resilient US economy pushed back rate-cut bets. Rising real yields gradually sapped the metal's momentum.

What drove gold in June 2023

  • Fed pause but hawkish guidance
  • resilient US economy
  • rising real yields
  • firm dollar
Themes#Fed policy#higher-for-longer#rising yields

Key events in June 2023

  1. Jun 14Fed holds but projects more hikes; gold softens

What happened next

A cooler inflation print briefly revived gold in July before yields surged again.

For gold buyers

June marked the start of a summer grind lower as the market accepted that rate cuts were further off than hoped.

Jun 29 across the years — 20202022

+2.6% over 2 years
20202022
YearJun 29 closevs prior
Jun 29, 2022$1,817.80+3.55%View
Jun 29, 2021$1,755.50-0.91%View
Jun 29, 2020$1,771.60View
Each row is the verified XAU/USD spot close for Jun 29 of that year. Click any row to open the full daily archive (with country tables for Jun 29, 2020+).