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Historical Unit Breakdown

Gold Price in Every Weight Unit — August 29, 2021

International XAU/USD gold closed at $1,823 per troy ounce on this date, equivalent to $58.62 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$683.74

1 Mashaماشہ

1/12 Tola

0.972 g$56.98

1 Rattiرتی

1/96 Tola · gemstones

0.1215 g$7.12

1 Vori (Bhori)ভরি

Bangladesh

11.664 g$683.74

1 Ana (Anna)আনা

1/16 Vori

0.729 g$42.73

Metric & Global

3 units
UnitWeightPrice (USD)

1 Gramg

Worldwide standard

1 g$58.62

1 Kilogramkg

Bulk trade

1,000 g$58,620

1 Troy Ounceoz t

LBMA bullion standard

31.1035 g$1,823

East & Southeast Asian

6 units
UnitWeightPrice (USD)

1 HK Tael兩

Hong Kong, Macau

37.429 g$2,194

1 CN Tael兩

Mainland China

31.25 g$1,832

1 Mace錢

1/10 HK Tael

3.7429 g$219.41

1 Candareen分

1/100 HK Tael

0.37429 g$21.94

1 Bahtบาท

Thailand

15.244 g$893.60

1 Luong (Lượng)lượng

Vietnam

37.5 g$2,198

Middle Eastern

2 units
UnitWeightPrice (USD)

1 Mesghalمثقال

Iran

4.6083 g$270.14

1 Mithqalمثقال

Saudi, UAE, Egypt

4.25 g$249.13

Imperial & Western

2 units
UnitWeightPrice (USD)

1 Pennyweightdwt

1/20 Troy Oz

1.55517 g$91.16

1 Graingr

1/480 Troy Oz

0.064799 g$3.80

How to read this historical table

Every price above is derived directly from the international XAU/USD spot rate on this date ($1,823/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 (August 29, 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 — August 29, 2021

Gold rose 1.38% from the prior trading session ($1,798.50 → $1,823.28 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 241 of 365 · Q3 2021 · 66.0% through the year

August 2021 gold market: A violent 'flash crash' low

Volatile

A thin-liquidity air-pocket spike low that quickly reversed.

Gold suffered a sudden flash crash in early August, briefly plunging toward $1,680 in thin, illiquid Asian trading before snapping back. The spike low marked the year's bottom and washed out weak hands before a steadier autumn.

What drove gold in August 2021

  • thin-liquidity flash crash (Aug 9)
  • strong US jobs data lifting yields
  • stop-loss cascade
  • rapid recovery
Themes#flash crash#liquidity#year low

Key events in August 2021

  1. Aug 9Gold flash-crashes toward $1,680, then rebounds

What happened next

Gold recovered to ~$1,810 and traded heavily as taper talk intensified.

For gold buyers

The August flash crash was a classic liquidity air-pocket — those who bought the spike low near $1,680 caught 2021's bottom.