Hong Kong · HKD · July 2024
Gold Price in Hong Kong — July 2024
In July 2024, the gold price in Hong Kong closed at approximately HK$19,029 per troy ounce, equivalent to HK$7,136 per tola or HK$612 per gram. This represents a +2.20% change on the month (HK$18,619 open → HK$19,029 close).
Open
HK$18,619
per troy ounce
Close
HK$19,029
per troy ounce
High
HK$19,283
per troy ounce
Low
HK$18,143
per troy ounce
All unit prices at July 2024 close — Hong Kong
| Unit | Weight | Closing HKD price |
|---|---|---|
| Troy ounce | 31.1035 g | HK$19,029 |
| Gram | 1.0000 g | HK$612 |
| 10 grams | 10 g | HK$6,118 |
| Kilogram | 1,000 g | HK$611,791 |
| Tola | 11.664 g | HK$7,136 |
Karat-purity breakdown at July 2024 close
| Karat | Per gram | Per tola |
|---|---|---|
| 24KHONG KONG STD | HK$611 | HK$7,129 |
| 22K | HK$560 | HK$6,537 |
| 21K | HK$535 | HK$6,244 |
| 18K | HK$459 | HK$5,352 |
| 14K | HK$358 | HK$4,175 |
| 10K | HK$255 | HK$2,976 |
Daily gold price in HKD — July 2024
July 2024 gold market: Fresh records on reviving rate-cut hopes
BullishSofter 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
Key events in July 2024
- 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 in Hong Kong
July confirmed the dips were for buying — each cooler inflation print sent gold to new highs.
The 2024 gold market: Above $2,500 — breakout to new highs
2024 saw gold break decisively above $2,000 and reach $2,790 by year-end. Central-bank buying continued at record pace. Geopolitical tensions (Middle East, Ukraine) and Fed rate cuts beginning in September drove the rally. Year close: $2,624.
Key drivers in 2024
Fed cuts begin, central-bank buying records, BRICS expansion, Middle East tensions, USD weakness
2024 XAU/USD high
$2,790 (Oct)
2024 XAU/USD low
$1,991 (Feb)
Era context — The modern bull market (2019 to today)
Gold's second major bull market of the 21st century. Driven by COVID stimulus, Russia sanctions, central-bank accumulation at record levels, and the structural shift toward a multi-polar reserve system. New all-time highs reached repeatedly since 2020.
The Hong Kong gold market
Hong Kong retail gold prices are quoted in the local currency per gram for 24K and 22K purities, and per troy ounce for investment-grade bullion. Local rates usually sit above the international XAU/USD spot price after import duties, sales taxes, and jewellery making charges are applied. Use this archive as the international reference price; final retail rates depend on your dealer and the date's exchange rate.
Standard quote unit
gram
Common purity
24K
Currency
HKD (HK$)
Daily gold price — July 2024, Hong Kong
HK$18,619
$2,398.20/oz
HK$18,143
$2,336.89/oz
HK$18,361
$2,365.00/oz
HK$18,343
$2,362.60/oz
HK$18,578
$2,392.97/oz
HK$18,564
$2,391.13/oz
HK$18,564
$2,391.13/oz
HK$18,413
$2,371.63/oz
HK$18,530
$2,386.73/oz
HK$18,824
$2,424.60/oz
HK$18,775
$2,418.31/oz
HK$18,942
$2,439.86/oz
HK$18,942
$2,439.86/oz
HK$19,177
$2,470.08/oz
HK$19,283
$2,483.74/oz
HK$19,215
$2,475.00/oz
HK$18,954
$2,441.39/oz
HK$18,728
$2,412.26/oz
HK$18,728
$2,412.26/oz
HK$18,727
$2,412.08/oz
HK$18,882
$2,432.07/oz
HK$18,634
$2,400.15/oz
HK$18,562
$2,390.84/oz
HK$18,658
$2,403.27/oz
HK$18,653
$2,402.61/oz
HK$18,733
$2,412.94/oz
HK$19,029
$2,451.01/oz
How Hong Kong gold prices are calculated on this page
Source. The international XAU/USD spot price comes from gold-api.com's historical archive (London PM-fix benchmark). The HKD/USD exchange rate comes from exchangerate-api.com's 2024 year-end snapshot.
Conversion. Every HKD figure on this page is computed as XAU/USD price × HKD/USD rate. We use the year-end exchange rate consistently across all July 2024 prices on this page.
Per-unit math. Per-gram = per-ounce ÷ 31.1035. Per-tola = per-gram × 11.664. Per-10g = per-gram × 10. Per-kilo = per-gram × 1000. Karat values multiply per-gram by the purity ratio (24K = 0.999, 22K = 0.916, 21K = 0.875, 18K = 0.750, 14K = 0.585, 10K = 0.417).
What this page does NOT include. Local sales tax / VAT, customs duty on imports, dealer making charges, jewellery design premiums, or coin numismatic premiums. To go from this pure-metal value to a final retail rate in Hong Kong, add the country-specific levies described in the “Hong Konggold market” section above.
FAQ — Hong Kong gold price in July 2024
What was the gold price in Hong Kong in July 2024?
In July 2024, gold in Hong Kong opened at HK$18,619/oz and closed at HK$19,029/oz — a move of +2.20% on the month. Per tola: ≈HK$7,136; per gram: ≈HK$612; per 10g: ≈HK$6,118.
What was the 24K gold rate per tola in Hong Kong in July 2024?
The 24K gold rate per tola in Hong Kong at the July 2024 close was approximately HK$7,136, derived from international XAU/USD spot of $2,451.01/oz times the 2024-end HKD/USD exchange rate of 7.7637. This is pure metal value; final retail rates include local taxes and dealer making charges.
What was the 24K gold rate per gram in Hong Kong in July 2024?
Hong Kong's most-quoted retail standard is 24K per gram. At the July 2024 close, that worked out to approximately HK$611 (24K pure-metal value). Add local taxes and making charges for the final retail rate.
How was the local currency price calculated?
HKD prices on this page are computed from the verified international XAU/USD spot price for July 2024 (sourced from gold-api.com), multiplied by the 2024-end HKD/USD exchange rate from exchangerate-api.com. We use year-end rates as a single reference point for the entire month — for most stable currencies the within-year FX drift is small, but during currency crises (PKR 2022–23, TRY 2022, ARS 2024 etc.) the actual mid-month rate may differ.
Why does the retail price in shops differ from this number?
The HK$ figures here represent the international gold spot price converted to HKD at the 2024-end exchange rate. Hong Kong's retail jewellers add (1) import duties and sales tax (varies by SKU and karat), (2) dealer making charges (typically 3–12% of metal value), and (3) a small premium for purity certification on bars. Always verify the exact day's retail rate with a reputable local dealer before transacting.
Want today's rate in Hong Kong? See live gold prices in Hong Kong with minute-by-minute updates and per-karat breakdowns.
Different month or year? Use the prev / next buttons above, or jump to the full 2024 archive or the USD-only July 2024 page with the country-by-country list at the bottom.
Other markets? Compare July 2024 prices across other major gold-trading countries: China, Macau, Singapore, Japan, South Korea.
Disclaimer: Historical gold prices on this page reflect the international XAU/USD spot price for the requested period, converted to HKD at the 2024-end exchange rate. They are intended for informational and educational use only and do not constitute investment advice or a price quote for buying or selling physical gold today. Always verify current local rates with a reputable bullion dealer in Hong Kong before transacting.