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Historical Unit Breakdown

Gold Price in Every Weight Unit — November 14, 2023

International XAU/USD gold closed at $1,969 per troy ounce on this date, equivalent to $63.31 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$738.41

1 Mashaماشہ

1/12 Tola

0.972 g$61.53

1 Rattiرتی

1/96 Tola · gemstones

0.1215 g$7.69

1 Vori (Bhori)ভরি

Bangladesh

11.664 g$738.41

1 Ana (Anna)আনা

1/16 Vori

0.729 g$46.15

Metric & Global

3 units
UnitWeightPrice (USD)

1 Gramg

Worldwide standard

1 g$63.31

1 Kilogramkg

Bulk trade

1,000 g$63,306

1 Troy Ounceoz t

LBMA bullion standard

31.1035 g$1,969

East & Southeast Asian

6 units
UnitWeightPrice (USD)

1 HK Tael兩

Hong Kong, Macau

37.429 g$2,369

1 CN Tael兩

Mainland China

31.25 g$1,978

1 Mace錢

1/10 HK Tael

3.7429 g$236.95

1 Candareen分

1/100 HK Tael

0.37429 g$23.69

1 Bahtบาท

Thailand

15.244 g$965.04

1 Luong (Lượng)lượng

Vietnam

37.5 g$2,374

Middle Eastern

2 units
UnitWeightPrice (USD)

1 Mesghalمثقال

Iran

4.6083 g$291.73

1 Mithqalمثقال

Saudi, UAE, Egypt

4.25 g$269.05

Imperial & Western

2 units
UnitWeightPrice (USD)

1 Pennyweightdwt

1/20 Troy Oz

1.55517 g$98.45

1 Graingr

1/480 Troy Oz

0.064799 g$4.10

How to read this historical table

Every price above is derived directly from the international XAU/USD spot rate on this date ($1,969/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 (November 14, 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 — November 14, 2023

Gold rose 1.96% from the prior trading session ($1,931.15 → $1,969.05 per ounce).

Diwali: The Hindu festival of lights is the largest annual gold-buying event in India. Dhanteras (two days before Diwali) is specifically dedicated to buying gold and silver. India sees billion-dollar surges in jewellery sales over the five-day Diwali season.

Tuesday — a normal trading day. Tuesday is also when the CFTC publishes Commitments of Traders data for the prior week, often producing intraday movement.

Day 318 of 365 · Q4 2023 · 87.1% through the year

November 2023 gold market: Rate-cut hopes power a year-end run

Bullish

Falling yields and 2024 rate-cut bets fuelled a strong run.

Gold held firm near $2,000 in November and pushed higher as falling Treasury yields, a softer dollar, and growing conviction that the Fed was done hiking revived rate-cut expectations for 2024. Cooling inflation data sealed the dovish shift.

What drove gold in November 2023

  • falling Treasury yields
  • softer US dollar
  • cooling inflation data
  • building 2024 rate-cut expectations
Themes#Fed pivot hopes#falling yields#disinflation

Key events in November 2023

  1. Nov 14Cooler US CPI cements peak-Fed bets; gold strengthens

What happened next

Momentum carried gold to a record intraday high in early December.

For gold buyers

November confirmed the trend turn — with the Fed seen as done, gold's path of least resistance was higher.