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Historical Unit Breakdown

Gold Price in Every Weight Unit — January 14, 2024

International XAU/USD gold closed at $2,059 per troy ounce on this date, equivalent to $66.19 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$772.01

1 Mashaماشہ

1/12 Tola

0.972 g$64.33

1 Rattiرتی

1/96 Tola · gemstones

0.1215 g$8.04

1 Vori (Bhori)ভরি

Bangladesh

11.664 g$772.01

1 Ana (Anna)আনা

1/16 Vori

0.729 g$48.25

Metric & Global

3 units
UnitWeightPrice (USD)

1 Gramg

Worldwide standard

1 g$66.19

1 Kilogramkg

Bulk trade

1,000 g$66,188

1 Troy Ounceoz t

LBMA bullion standard

31.1035 g$2,059

East & Southeast Asian

6 units
UnitWeightPrice (USD)

1 HK Tael

Hong Kong, Macau

37.429 g$2,477

1 CN Tael

Mainland China

31.25 g$2,068

1 Mace

1/10 HK Tael

3.7429 g$247.73

1 Candareen

1/100 HK Tael

0.37429 g$24.77

1 Bahtบาท

Thailand

15.244 g$1,009

1 Luong (Lượng)lượng

Vietnam

37.5 g$2,482

Middle Eastern

2 units
UnitWeightPrice (USD)

1 Mesghalمثقال

Iran

4.6083 g$305.01

1 Mithqalمثقال

Saudi, UAE, Egypt

4.25 g$281.30

Imperial & Western

2 units
UnitWeightPrice (USD)

1 Pennyweightdwt

1/20 Troy Oz

1.55517 g$102.93

1 Graingr

1/480 Troy Oz

0.064799 g$4.29

How to read this historical table

Every price above is derived directly from the international XAU/USD spot rate on this date ($2,059/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 14, 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 14, 2024

Gold fell 0.18% from the prior trading session ($2,062.31 → $2,058.67 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 14 of 366 · Q1 2024 · 3.8% 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.

Jan 14 across the years — 20202022

+18.0% over 2 years
20202022
YearJan 14 closevs prior
Jan 14, 2022$1,823.00-1.02%View
Jan 14, 2021$1,841.80+19.20%View
Jan 14, 2020$1,545.10View
Each row is the verified XAU/USD spot close for Jan 14 of that year. Click any row to open the full daily archive (with country tables for Jan 14, 2020+).