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Historical Unit Breakdown

Gold Price in Every Weight Unit — July 18, 2024

International XAU/USD gold closed at $2,475 per troy ounce on this date, equivalent to $79.57 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$928.14

1 Mashaماشہ

1/12 Tola

0.972 g$77.34

1 Rattiرتی

1/96 Tola · gemstones

0.1215 g$9.67

1 Vori (Bhori)ভরি

Bangladesh

11.664 g$928.14

1 Ana (Anna)আনা

1/16 Vori

0.729 g$58.01

Metric & Global

3 units
UnitWeightPrice (USD)

1 Gramg

Worldwide standard

1 g$79.57

1 Kilogramkg

Bulk trade

1,000 g$79,573

1 Troy Ounceoz t

LBMA bullion standard

31.1035 g$2,475

East & Southeast Asian

6 units
UnitWeightPrice (USD)

1 HK Tael兩

Hong Kong, Macau

37.429 g$2,978

1 CN Tael兩

Mainland China

31.25 g$2,487

1 Mace錢

1/10 HK Tael

3.7429 g$297.83

1 Candareen分

1/100 HK Tael

0.37429 g$29.78

1 Bahtบาท

Thailand

15.244 g$1,213

1 Luong (Lượng)lượng

Vietnam

37.5 g$2,984

Middle Eastern

2 units
UnitWeightPrice (USD)

1 Mesghalمثقال

Iran

4.6083 g$366.70

1 Mithqalمثقال

Saudi, UAE, Egypt

4.25 g$338.19

Imperial & Western

2 units
UnitWeightPrice (USD)

1 Pennyweightdwt

1/20 Troy Oz

1.55517 g$123.75

1 Graingr

1/480 Troy Oz

0.064799 g$5.16

How to read this historical table

Every price above is derived directly from the international XAU/USD spot rate on this date ($2,475/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 (July 18, 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 — July 18, 2024

Gold fell 0.35% from the prior trading session ($2,483.74 → $2,475.00 per ounce).

Thursday — a normal trading day. Weekly US initial jobless claims publish at 8:30 AM ET on Thursdays, occasionally producing intraday gold movement.

Day 200 of 366 · Q3 2024 · 54.6% through the year

July 2024 gold market: Fresh records on reviving rate-cut hopes

Bullish

Softer inflation and rate-cut hopes drove fresh records.

Gold pushed to new record highs toward $2,480 in late July 2024 as a softer US inflation print revived expectations that the Fed would soon cut rates. A weaker dollar and safe-haven demand amid US political uncertainty added to the momentum.

What drove gold in July 2024

  • softer US June CPI
  • reviving Fed rate-cut bets
  • weaker dollar
  • US political uncertainty
Themes#Fed policy#rate cuts#all-time high

Key events in July 2024

  1. Jul 17Gold sets a record near $2,480 on rate-cut optimism

What happened next

Momentum carried gold to its first close above $2,500 in August.

For gold buyers

July confirmed the dips were for buying — each cooler inflation print sent gold to new highs.