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Historical Unit Breakdown

Gold Price in Every Weight Unit — May 18, 2021

International XAU/USD gold closed at $1,867 per troy ounce on this date, equivalent to $60.02 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$700.06

1 Mashaماشہ

1/12 Tola

0.972 g$58.34

1 Rattiرتی

1/96 Tola · gemstones

0.1215 g$7.29

1 Vori (Bhori)ভরি

Bangladesh

11.664 g$700.06

1 Ana (Anna)আনা

1/16 Vori

0.729 g$43.75

Metric & Global

3 units
UnitWeightPrice (USD)

1 Gramg

Worldwide standard

1 g$60.02

1 Kilogramkg

Bulk trade

1,000 g$60,019

1 Troy Ounceoz t

LBMA bullion standard

31.1035 g$1,867

East & Southeast Asian

6 units
UnitWeightPrice (USD)

1 HK Tael兩

Hong Kong, Macau

37.429 g$2,246

1 CN Tael兩

Mainland China

31.25 g$1,876

1 Mace錢

1/10 HK Tael

3.7429 g$224.64

1 Candareen分

1/100 HK Tael

0.37429 g$22.46

1 Bahtบาท

Thailand

15.244 g$914.93

1 Luong (Lượng)lượng

Vietnam

37.5 g$2,251

Middle Eastern

2 units
UnitWeightPrice (USD)

1 Mesghalمثقال

Iran

4.6083 g$276.59

1 Mithqalمثقال

Saudi, UAE, Egypt

4.25 g$255.08

Imperial & Western

2 units
UnitWeightPrice (USD)

1 Pennyweightdwt

1/20 Troy Oz

1.55517 g$93.34

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 ($1,867/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 18, 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 18, 2021

Gold rose 0.71% from the prior trading session ($1,853.70 → $1,866.80 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.

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 138 of 365 · Q2 2021 · 37.8% 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.