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Historical Unit Breakdown

Gold Price in Every Weight Unit — January 15, 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 15, 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 15, 2024

Gold rose 0.00% from the prior trading session ($2,058.67 → $2,058.67 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 15 of 366 · Q1 2024 · 4.1% 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 15 across the years — 20202022

+17.7% over 2 years
20202022
YearJan 15 closevs prior
Jan 15, 2022$1,823.00-0.87%View
Jan 15, 2021$1,839.00+18.72%View
Jan 15, 2020$1,549.00View
Each row is the verified XAU/USD spot close for Jan 15 of that year. Click any row to open the full daily archive (with country tables for Jan 15, 2020+).