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Gold Price in Every Weight Unit — February 1, 2024
International XAU/USD gold closed at $2,066 per troy ounce on this date, equivalent to $66.41 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
1 Tolaتولا · तोला
Pakistan, India, Nepal
1 Mashaماشہ
1/12 Tola
1 Rattiرتی
1/96 Tola · gemstones
1 Vori (Bhori)ভরি
Bangladesh
1 Ana (Anna)আনা
1/16 Vori
Metric & Global
1 Gramg
Worldwide standard
1 Kilogramkg
Bulk trade
1 Troy Ounceoz t
LBMA bullion standard
East & Southeast Asian
1 HK Tael兩
Hong Kong, Macau
1 CN Tael兩
Mainland China
1 Mace錢
1/10 HK Tael
1 Candareen分
1/100 HK Tael
1 Bahtบาท
Thailand
1 Luong (Lượng)lượng
Vietnam
Middle Eastern
1 Mesghalمثقال
Iran
1 Mithqalمثقال
Saudi, UAE, Egypt
Imperial & Western
1 Pennyweightdwt
1/20 Troy Oz
1 Graingr
1/480 Troy Oz
How to read this historical table
Every price above is derived directly from the international XAU/USD spot rate on this date ($2,066/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 (February 1, 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 — February 1, 2024
Gold rose 0.46% from the prior trading session ($2,056.07 → $2,065.53 per ounce).
Chinese New Year: Chinese gold demand surges in the lead-up to Lunar New Year as families exchange gold pendants, rings and bars. Year-on-year, China's January–February gold imports run 30–50 percent above other months.
Thursday — a normal trading day. Weekly US initial jobless claims publish at 8:30 AM ET on Thursdays, occasionally producing intraday gold movement.
Day 32 of 366 · Q1 2024 · 8.7% through the year
February 2024 gold market: Consolidation as hot data delays cuts
Range-boundA tight range as hot inflation delayed rate-cut bets.
Gold held in a tight range around $2,030 in February 2024, dipping toward $1,990 after a hotter-than-expected US inflation report pushed back expectations for Fed rate cuts. Steady central-bank and Asian demand kept the pullbacks shallow.
What drove gold in February 2024
- hotter US inflation print
- rate-cut expectations pushed back
- steady central-bank demand
- firm dollar
Key events in February 2024
- Feb 13Hot US CPI dips gold toward $1,990 before it recovers
What happened next
The coiled range resolved explosively in March with a breakout to record highs.
For gold buyers
February's quiet consolidation was the calm before March's historic breakout — accumulation paid off.
Feb 1 across the years — 2020 → 2023
| Year | Feb 1 close | vs prior | |
|---|---|---|---|
| Feb 1, 2023 | $1,925.90 | +3.75% | View |
| Feb 1, 2022 | $1,856.30 | +16.23% | View |
| Feb 1, 2020 | $1,597.10 | — | View |