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Historical Unit Breakdown

Gold Price in Every Weight Unit — January 8, 2024

International XAU/USD gold closed at $2,047 per troy ounce on this date, equivalent to $65.80 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$767.52

1 Mashaماشہ

1/12 Tola

0.972 g$63.96

1 Rattiرتی

1/96 Tola · gemstones

0.1215 g$7.99

1 Vori (Bhori)ভরি

Bangladesh

11.664 g$767.52

1 Ana (Anna)আনা

1/16 Vori

0.729 g$47.97

Metric & Global

3 units
UnitWeightPrice (USD)

1 Gramg

Worldwide standard

1 g$65.80

1 Kilogramkg

Bulk trade

1,000 g$65,802

1 Troy Ounceoz t

LBMA bullion standard

31.1035 g$2,047

East & Southeast Asian

6 units
UnitWeightPrice (USD)

1 HK Tael兩

Hong Kong, Macau

37.429 g$2,463

1 CN Tael兩

Mainland China

31.25 g$2,056

1 Mace錢

1/10 HK Tael

3.7429 g$246.29

1 Candareen分

1/100 HK Tael

0.37429 g$24.63

1 Bahtบาท

Thailand

15.244 g$1,003

1 Luong (Lượng)lượng

Vietnam

37.5 g$2,468

Middle Eastern

2 units
UnitWeightPrice (USD)

1 Mesghalمثقال

Iran

4.6083 g$303.24

1 Mithqalمثقال

Saudi, UAE, Egypt

4.25 g$279.66

Imperial & Western

2 units
UnitWeightPrice (USD)

1 Pennyweightdwt

1/20 Troy Oz

1.55517 g$102.33

1 Graingr

1/480 Troy Oz

0.064799 g$4.26

How to read this historical table

Every price above is derived directly from the international XAU/USD spot rate on this date ($2,047/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 (January 8, 2024 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 — January 8, 2024

Gold rose 0.00% from the prior trading session ($2,046.69 → $2,046.69 per ounce).

Monday — typically a high-volume trading day as markets digest weekend news. Asian gold imports often see Monday surges in major demand countries.

Day 8 of 366 · Q1 2024 · 2.2% through the year

January 2024 gold market: Consolidation above $2,000

Range-bound

A firm hold above $2,000 awaiting Fed cuts.

Gold opened 2024 holding comfortably above $2,000 near $2,040, consolidating the late-2023 breakout. Markets debated how soon the Federal Reserve would begin cutting rates, keeping prices range-bound but firm.

What drove gold in January 2024

  • Fed rate-cut timing debate
  • resilient central-bank demand
  • Middle East tensions
  • firm physical demand in Asia
Themes#Fed policy#central-bank demand#consolidation

Key events in January 2024

  1. Jan 31Fed holds rates; signals patience on cuts

What happened next

The quiet base broke decisively in March, when gold launched to new all-time highs.

For gold buyers

January's calm above $2,000 was the launchpad for one of gold's strongest years on record.