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Historical Unit Breakdown

Gold Price in Every Weight Unit — December 10, 2024

International XAU/USD gold closed at $2,698 per troy ounce on this date, equivalent to $86.76 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$1,012

1 Mashaماشہ

1/12 Tola

0.972 g$84.33

1 Rattiرتی

1/96 Tola · gemstones

0.1215 g$10.54

1 Vori (Bhori)ভরি

Bangladesh

11.664 g$1,012

1 Ana (Anna)আনা

1/16 Vori

0.729 g$63.25

Metric & Global

3 units
UnitWeightPrice (USD)

1 Gramg

Worldwide standard

1 g$86.76

1 Kilogramkg

Bulk trade

1,000 g$86,756

1 Troy Ounceoz t

LBMA bullion standard

31.1035 g$2,698

East & Southeast Asian

6 units
UnitWeightPrice (USD)

1 HK Tael兩

Hong Kong, Macau

37.429 g$3,247

1 CN Tael兩

Mainland China

31.25 g$2,711

1 Mace錢

1/10 HK Tael

3.7429 g$324.72

1 Candareen分

1/100 HK Tael

0.37429 g$32.47

1 Bahtบาท

Thailand

15.244 g$1,323

1 Luong (Lượng)lượng

Vietnam

37.5 g$3,253

Middle Eastern

2 units
UnitWeightPrice (USD)

1 Mesghalمثقال

Iran

4.6083 g$399.80

1 Mithqalمثقال

Saudi, UAE, Egypt

4.25 g$368.72

Imperial & Western

2 units
UnitWeightPrice (USD)

1 Pennyweightdwt

1/20 Troy Oz

1.55517 g$134.92

1 Graingr

1/480 Troy Oz

0.064799 g$5.62

How to read this historical table

Every price above is derived directly from the international XAU/USD spot rate on this date ($2,698/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 (December 10, 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 — December 10, 2024

Gold rose 0.82% from the prior trading session ($2,676.48 → $2,698.43 per ounce).

Tuesday — a normal trading day. Tuesday is also when the CFTC publishes Commitments of Traders data for the prior week, often producing intraday movement.

Day 345 of 366 · Q4 2024 · 94.3% through the year

December 2024 gold market: Consolidation caps a historic year

Range-bound

A year-end pause after a 25%+ annual gain.

Gold consolidated near $2,620 into year-end as the Fed delivered another cut but guided to a slower 2025 pace. Even after the late-year pause, gold finished 2024 up roughly 25–27% — one of its best annual gains of the century.

What drove gold in December 2024

  • Fed cuts but turns more cautious for 2025
  • firm dollar
  • year-end profit-taking
  • record annual central-bank demand
Themes#Fed policy#year-end#central-bank demand

Key events in December 2024

  1. Dec 18Fed cuts but signals fewer 2025 cuts; gold steadies

What happened next

Gold entered 2025 near record highs, with central-bank demand still the dominant structural driver.

For gold buyers

Closing 2024 up around 25%+ confirmed gold's best year in over a decade — a payoff for buyers who trusted the central-bank and rate-cut story.