What was the gold price on December 7, 2023?

Gold closed at approximately $2,026.90 per troy ounce on December 7, 2023 — about $65.17 per gram and $760.10 per tola. This is the international XAU/USD spot price; local retail rates add import duties, taxes and dealer making charges.

Did gold rise or fall on December 7, 2023?

Gold rose about 0.02% on December 7, 2023 versus the previous trading session — moving from $2,026.40 to $2,026.90 per ounce.

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Historical Unit Breakdown

Gold Price in Every Weight Unit — December 7, 2023

International XAU/USD gold closed at $2,027 per troy ounce on this date, equivalent to $65.17 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$760.10

1 Mashaماشہ

1/12 Tola

0.972 g$63.34

1 Rattiرتی

1/96 Tola · gemstones

0.1215 g$7.92

1 Vori (Bhori)ভরি

Bangladesh

11.664 g$760.10

1 Ana (Anna)আনা

1/16 Vori

0.729 g$47.51

Metric & Global

3 units

UnitWeightPrice (USD)

1 Gramg

Worldwide standard

1 g$65.17

1 Kilogramkg

Bulk trade

1,000 g$65,166

1 Troy Ounceoz t

LBMA bullion standard

31.1035 g$2,027

East & Southeast Asian

6 units

UnitWeightPrice (USD)

1 HK Tael兩

Hong Kong, Macau

37.429 g$2,439

1 CN Tael兩

Mainland China

31.25 g$2,036

1 Mace錢

1/10 HK Tael

3.7429 g$243.91

1 Candareen分

1/100 HK Tael

0.37429 g$24.39

1 Bahtบาท

Thailand

15.244 g$993.40

1 Luong (Lượng)lượng

Vietnam

37.5 g$2,444

Middle Eastern

2 units

UnitWeightPrice (USD)

1 Mesghalمثقال

Iran

4.6083 g$300.31

1 Mithqalمثقال

Saudi, UAE, Egypt

4.25 g$276.96

Imperial & Western

2 units

UnitWeightPrice (USD)

1 Pennyweightdwt

1/20 Troy Oz

1.55517 g$101.34

1 Graingr

1/480 Troy Oz

0.064799 g$4.22

How to read this historical table

Every price above is derived directly from the international XAU/USD spot rate on this date ($2,027/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 7, 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 — December 7, 2023

Gold rose 0.02% from the prior trading session ($2,026.40 → $2,026.90 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 341 of 365 · Q4 2023 · 93.4% through the year

December 2023 gold market: Brief record high caps a strong year

Bullish

A record intraday high capped a 13% year.

Gold spiked to a record intraday high around $2,150 in early December before settling back to close 2023 near $2,060 — up roughly 13% on the year. Mounting expectations of 2024 Fed rate cuts and record central-bank buying underpinned the strength.

What drove gold in December 2023

2024 rate-cut expectations building
record central-bank gold demand
softening dollar and yields
momentum into year-end

Themes#all-time high#central-bank demand#Fed pivot hopes

Key events in December 2023

Dec 4Gold prints a record intraday high near $2,150

What happened next

The record attempt set the stage for 2024's decisive breakout above the old ceiling.

For gold buyers

2023 closed up about 13% with a record intraday high — the springboard for 2024's historic breakout.

Dec 7 across the years — 2020 → 2021

-4.2% over 1 years

20202021

Year	Dec 7 close	vs prior
Dec 7, 2021	$1,781.40	-4.23%	View
Dec 7, 2020	$1,860.00	—	View

Each row is the verified XAU/USD spot close for Dec 7 of that year. Click any row to open the full daily archive (with country tables for Dec 7, 2020+).