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Historical Unit Breakdown

Gold Price in Every Weight Unit — December 20, 2023

International XAU/USD gold closed at $2,036 per troy ounce on this date, equivalent to $65.44 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$763.34

1 Mashaماشہ

1/12 Tola

0.972 g$63.61

1 Rattiرتی

1/96 Tola · gemstones

0.1215 g$7.95

1 Vori (Bhori)ভরি

Bangladesh

11.664 g$763.34

1 Ana (Anna)আনা

1/16 Vori

0.729 g$47.71

Metric & Global

3 units
UnitWeightPrice (USD)

1 Gramg

Worldwide standard

1 g$65.44

1 Kilogramkg

Bulk trade

1,000 g$65,444

1 Troy Ounceoz t

LBMA bullion standard

31.1035 g$2,036

East & Southeast Asian

6 units
UnitWeightPrice (USD)

1 HK Tael兩

Hong Kong, Macau

37.429 g$2,450

1 CN Tael兩

Mainland China

31.25 g$2,045

1 Mace錢

1/10 HK Tael

3.7429 g$244.95

1 Candareen分

1/100 HK Tael

0.37429 g$24.50

1 Bahtบาท

Thailand

15.244 g$997.63

1 Luong (Lượng)lượng

Vietnam

37.5 g$2,454

Middle Eastern

2 units
UnitWeightPrice (USD)

1 Mesghalمثقال

Iran

4.6083 g$301.59

1 Mithqalمثقال

Saudi, UAE, Egypt

4.25 g$278.14

Imperial & Western

2 units
UnitWeightPrice (USD)

1 Pennyweightdwt

1/20 Troy Oz

1.55517 g$101.78

1 Graingr

1/480 Troy Oz

0.064799 g$4.24

How to read this historical table

Every price above is derived directly from the international XAU/USD spot rate on this date ($2,036/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 20, 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 20, 2023

Gold fell 0.28% from the prior trading session ($2,041.35 → $2,035.55 per ounce).

Wednesday — a normal trading day. FOMC announcements (when scheduled) typically come on Wednesdays at 2 PM ET, often producing intraday gold volatility.

Day 354 of 365 · Q4 2023 · 97.0% 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