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Historical Unit Breakdown

Gold Price in Every Weight Unit — December 10, 2023

International XAU/USD gold closed at $2,008 per troy ounce on this date, equivalent to $64.55 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$752.96

1 Mashaماشہ

1/12 Tola

0.972 g$62.75

1 Rattiرتی

1/96 Tola · gemstones

0.1215 g$7.84

1 Vori (Bhori)ভরি

Bangladesh

11.664 g$752.96

1 Ana (Anna)আনা

1/16 Vori

0.729 g$47.06

Metric & Global

3 units
UnitWeightPrice (USD)

1 Gramg

Worldwide standard

1 g$64.55

1 Kilogramkg

Bulk trade

1,000 g$64,554

1 Troy Ounceoz t

LBMA bullion standard

31.1035 g$2,008

East & Southeast Asian

6 units
UnitWeightPrice (USD)

1 HK Tael兩

Hong Kong, Macau

37.429 g$2,416

1 CN Tael兩

Mainland China

31.25 g$2,017

1 Mace錢

1/10 HK Tael

3.7429 g$241.62

1 Candareen分

1/100 HK Tael

0.37429 g$24.16

1 Bahtบาท

Thailand

15.244 g$984.06

1 Luong (Lượng)lượng

Vietnam

37.5 g$2,421

Middle Eastern

2 units
UnitWeightPrice (USD)

1 Mesghalمثقال

Iran

4.6083 g$297.48

1 Mithqalمثقال

Saudi, UAE, Egypt

4.25 g$274.35

Imperial & Western

2 units
UnitWeightPrice (USD)

1 Pennyweightdwt

1/20 Troy Oz

1.55517 g$100.39

1 Graingr

1/480 Troy Oz

0.064799 g$4.18

How to read this historical table

Every price above is derived directly from the international XAU/USD spot rate on this date ($2,008/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 10, 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 10, 2023

Gold fell 0.01% from the prior trading session ($2,008.10 → $2,007.85 per ounce).

Sunday — the international gold market is closed. Spot quotes carry forward from the prior Friday close. Retail rates in jewellery markets may differ slightly based on local Sunday hours.

Day 344 of 365 · Q4 2023 · 94.2% 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

  1. 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.

Related months to read

Mar 2024 — the breakout