What was the gold price on March 2, 2025?

Gold closed at approximately $2,895.21 per troy ounce on March 2, 2025 — about $93.08 per gram and $1,085.72 per tola. This is the international XAU/USD spot price; local retail rates add import duties, taxes and dealer making charges.

Did gold rise or fall on March 2, 2025?

Gold fell about 2.95% on March 2, 2025 versus the previous trading session — moving from $2,983.25 to $2,895.21 per ounce.

When did gold first break $3,000?

Gold traded above $3,000 per ounce for the first time in March 2025, helped by a technical breakout, the return of gold-ETF inflows, record central-bank buying and rising geopolitical risk.

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Historical Unit Breakdown

Gold Price in Every Weight Unit — March 2, 2025

International XAU/USD gold closed at $2,895 per troy ounce on this date, equivalent to $93.08 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$1,086

1 Mashaماشہ

1/12 Tola

0.972 g$90.48

1 Rattiرتی

1/96 Tola · gemstones

0.1215 g$11.31

1 Vori (Bhori)ভরি

Bangladesh

11.664 g$1,086

1 Ana (Anna)আনা

1/16 Vori

0.729 g$67.86

Metric & Global

3 units

UnitWeightPrice (USD)

1 Gramg

Worldwide standard

1 g$93.08

1 Kilogramkg

Bulk trade

1,000 g$93,083

1 Troy Ounceoz t

LBMA bullion standard

31.1035 g$2,895

East & Southeast Asian

6 units

UnitWeightPrice (USD)

1 HK Tael兩

Hong Kong, Macau

37.429 g$3,484

1 CN Tael兩

Mainland China

31.25 g$2,909

1 Mace錢

1/10 HK Tael

3.7429 g$348.40

1 Candareen分

1/100 HK Tael

0.37429 g$34.84

1 Bahtบาท

Thailand

15.244 g$1,419

1 Luong (Lượng)lượng

Vietnam

37.5 g$3,491

Middle Eastern

2 units

UnitWeightPrice (USD)

1 Mesghalمثقال

Iran

4.6083 g$428.95

1 Mithqalمثقال

Saudi, UAE, Egypt

4.25 g$395.60

Imperial & Western

2 units

UnitWeightPrice (USD)

1 Pennyweightdwt

1/20 Troy Oz

1.55517 g$144.76

1 Graingr

1/480 Troy Oz

0.064799 g$6.03

How to read this historical table

Every price above is derived directly from the international XAU/USD spot rate on this date ($2,895/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 (March 2, 2025 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 — March 2, 2025

Gold fell 2.95% from the prior trading session ($2,983.25 → $2,895.21 per ounce).

Sunday — the international gold market is closed. Spot quotes carry forward from the prior Friday close. Retail rates in jewellery markets may differ slightly based on local Sunday hours.

Day 61 of 365 · Q1 2025 · 16.7% through the year

March 2025 gold market: Technical breakout: gold clears $3,000

Bullish

A decisive technical breakout above $3,000 unleashed momentum flows.

Gold accelerated in March, breaking key resistance and clearing $3,000 per ounce for the first time. Decisive breakouts attract self-reinforcing flows — momentum traders, algorithms, and gold-backed ETFs all add to the move — and that dynamic, layered on top of rising geopolitical risk, kicked off the year's major rally.

March was the month the rally became self-reinforcing. The break above $3,000 was not just a round-number milestone — it cleared multi-year technical resistance, triggering buying from momentum funds and trend-following algorithms while gold-backed ETFs began taking inflows after years of stagnation. That return of Western ETF demand, alongside the steady central-bank bid, gave 2025's advance a broader and more durable base than the largely central-bank-driven gains of 2022–2024.

What drove gold in March 2025

technical breakout above $3,000
returning ETF inflows
momentum and algorithmic buying
rising geopolitical risk

Themes#technical breakout#$3,000#ETF inflows

Key events in March 2025

Mar 14Gold trades above $3,000/oz for the first time

What happened next

Sweeping new US tariffs in early April turned the breakout into a historic surge.

For gold buyers

March's break of $3,000 was the ignition point — once long-dormant ETF demand returned, the rally had a second engine.

Key terms this month

Gold-backed ETF:: An exchange-traded fund holding physical gold; large inflows force the fund to buy bullion, adding direct demand. Western ETF demand returned strongly in 2025.

Mar 2 across the years — 2021 → 2024

+25.2% over 3 years

20212024

Year	Mar 2 close	vs prior
Mar 2, 2024	$2,158.01	+17.53%	View
Mar 2, 2023	$1,836.20	-4.79%	View
Mar 2, 2022	$1,928.50	+11.87%	View
Mar 2, 2021	$1,723.90	—	View

Each row is the verified XAU/USD spot close for Mar 2 of that year. Click any row to open the full daily archive (with country tables for Mar 2, 2021+).