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Historical Unit Breakdown

Gold Price in Every Weight Unit — May 16, 2021

International XAU/USD gold closed at $1,869 per troy ounce on this date, equivalent to $60.07 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$700.71

1 Mashaماشہ

1/12 Tola

0.972 g$58.39

1 Rattiرتی

1/96 Tola · gemstones

0.1215 g$7.30

1 Vori (Bhori)ভরি

Bangladesh

11.664 g$700.71

1 Ana (Anna)আনা

1/16 Vori

0.729 g$43.79

Metric & Global

3 units
UnitWeightPrice (USD)

1 Gramg

Worldwide standard

1 g$60.07

1 Kilogramkg

Bulk trade

1,000 g$60,074

1 Troy Ounceoz t

LBMA bullion standard

31.1035 g$1,869

East & Southeast Asian

6 units
UnitWeightPrice (USD)

1 HK Tael兩

Hong Kong, Macau

37.429 g$2,249

1 CN Tael兩

Mainland China

31.25 g$1,877

1 Mace錢

1/10 HK Tael

3.7429 g$224.85

1 Candareen分

1/100 HK Tael

0.37429 g$22.49

1 Bahtบาท

Thailand

15.244 g$915.77

1 Luong (Lượng)lượng

Vietnam

37.5 g$2,253

Middle Eastern

2 units
UnitWeightPrice (USD)

1 Mesghalمثقال

Iran

4.6083 g$276.84

1 Mithqalمثقال

Saudi, UAE, Egypt

4.25 g$255.32

Imperial & Western

2 units
UnitWeightPrice (USD)

1 Pennyweightdwt

1/20 Troy Oz

1.55517 g$93.43

1 Graingr

1/480 Troy Oz

0.064799 g$3.89

How to read this historical table

Every price above is derived directly from the international XAU/USD spot rate on this date ($1,869/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 (May 16, 2021 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 — May 16, 2021

Gold rose 1.66% from the prior trading session ($1,838.10 → $1,868.53 per ounce).

Western wedding season: Western (especially US and European) gold and platinum jewellery demand peaks in May, June and December — combined wedding and gift seasons. US jewellery sales typically see 30–50 percent surges in these months.

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 136 of 365 · Q2 2021 · 37.3% through the year

May 2021 gold market: Inflation fears drive gold to $1,900

Bullish

Hot inflation data revived gold's inflation-hedge appeal.

Gold rallied strongly to around $1,900 in May after a much hotter-than-expected April US inflation report stoked fears that price pressures would prove persistent. A weaker dollar amplified the move.

What drove gold in May 2021

  • hot April US CPI (released mid-May)
  • weaker US dollar
  • inflation-hedge demand
  • Fed insisting inflation was 'transitory'
Themes#inflation#inflation hedge#US dollar weakness

Key events in May 2021

  1. May 12Hot US CPI print stokes inflation fears; gold rallies

What happened next

The rally stalled abruptly in June when the Fed turned hawkish.

For gold buyers

May was gold's best stretch of 2021 — proof the metal still rallied hard on inflation, until the Fed pushed back.