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Historical Unit Breakdown

Gold Price in Every Weight Unit — June 21, 2021

International XAU/USD gold closed at $1,775 per troy ounce on this date, equivalent to $57.07 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$665.67

1 Mashaماشہ

1/12 Tola

0.972 g$55.47

1 Rattiرتی

1/96 Tola · gemstones

0.1215 g$6.93

1 Vori (Bhori)ভরি

Bangladesh

11.664 g$665.67

1 Ana (Anna)আনা

1/16 Vori

0.729 g$41.60

Metric & Global

3 units
UnitWeightPrice (USD)

1 Gramg

Worldwide standard

1 g$57.07

1 Kilogramkg

Bulk trade

1,000 g$57,071

1 Troy Ounceoz t

LBMA bullion standard

31.1035 g$1,775

East & Southeast Asian

6 units
UnitWeightPrice (USD)

1 HK Tael

Hong Kong, Macau

37.429 g$2,136

1 CN Tael

Mainland China

31.25 g$1,783

1 Mace

1/10 HK Tael

3.7429 g$213.61

1 Candareen

1/100 HK Tael

0.37429 g$21.36

1 Bahtบาท

Thailand

15.244 g$869.99

1 Luong (Lượng)lượng

Vietnam

37.5 g$2,140

Middle Eastern

2 units
UnitWeightPrice (USD)

1 Mesghalمثقال

Iran

4.6083 g$263.00

1 Mithqalمثقال

Saudi, UAE, Egypt

4.25 g$242.55

Imperial & Western

2 units
UnitWeightPrice (USD)

1 Pennyweightdwt

1/20 Troy Oz

1.55517 g$88.75

1 Graingr

1/480 Troy Oz

0.064799 g$3.70

How to read this historical table

Every price above is derived directly from the international XAU/USD spot rate on this date ($1,775/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 (June 21, 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 — June 21, 2021

Gold fell 0.65% from the prior trading session ($1,786.63 → $1,775.10 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.

Monday — typically a high-volume trading day as markets digest weekend news. Asian gold imports often see Monday surges in major demand countries.

Day 172 of 365 · Q2 2021 · 47.1% through the year

June 2021 gold market: Hawkish Fed 'dot plot' slams gold

Bearish

A hawkish Fed projection erased the spring rally in days.

Gold dropped sharply in June, from near $1,900 to about $1,770, after the Federal Reserve's updated projections signalled earlier rate hikes than markets expected. The hawkish surprise lifted the dollar and real yields, hitting gold hard.

June's drop is a clean case study in how much the Fed's posture — not just its actions — moves gold. The central bank did not raise rates; it merely revised its 'dot plot' of projected future hikes. That shift was enough to send the dollar and real yields up and gold down over 6% in a few sessions. For inflation hedgers, it was a frustrating message: even with inflation running hot, a credibly hawkish Fed could cap gold by promising to defend price stability.

What drove gold in June 2021

  • hawkish Fed dot-plot surprise (Jun 16)
  • dollar and real-yield spike
  • fading inflation-hedge demand
  • long liquidation
Themes#Fed policy#rate-hike expectations#US dollar strength

Key events in June 2021

  1. Jun 16Fed projects earlier hikes; gold sells off sharply

What happened next

The hawkish shock left gold range-bound and vulnerable into the summer.

For gold buyers

June was a lesson in Fed sensitivity: even a shift in projections — not an actual hike — was enough to knock gold down over 6%.

Key terms this month

Dot plot:
The Fed's chart of individual policymakers' projections for future interest rates — a key signal of policy direction.

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