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Historical Unit Breakdown

Gold Price in Every Weight Unit — October 23, 2021

International XAU/USD gold closed at $1,808 per troy ounce on this date, equivalent to $58.14 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$678.12

1 Mashaماشہ

1/12 Tola

0.972 g$56.51

1 Rattiرتی

1/96 Tola · gemstones

0.1215 g$7.06

1 Vori (Bhori)ভরি

Bangladesh

11.664 g$678.12

1 Ana (Anna)আনা

1/16 Vori

0.729 g$42.38

Metric & Global

3 units
UnitWeightPrice (USD)

1 Gramg

Worldwide standard

1 g$58.14

1 Kilogramkg

Bulk trade

1,000 g$58,138

1 Troy Ounceoz t

LBMA bullion standard

31.1035 g$1,808

East & Southeast Asian

6 units
UnitWeightPrice (USD)

1 HK Tael兩

Hong Kong, Macau

37.429 g$2,176

1 CN Tael兩

Mainland China

31.25 g$1,817

1 Mace錢

1/10 HK Tael

3.7429 g$217.61

1 Candareen分

1/100 HK Tael

0.37429 g$21.76

1 Bahtบาท

Thailand

15.244 g$886.26

1 Luong (Lượng)lượng

Vietnam

37.5 g$2,180

Middle Eastern

2 units
UnitWeightPrice (USD)

1 Mesghalمثقال

Iran

4.6083 g$267.92

1 Mithqalمثقال

Saudi, UAE, Egypt

4.25 g$247.09

Imperial & Western

2 units
UnitWeightPrice (USD)

1 Pennyweightdwt

1/20 Troy Oz

1.55517 g$90.41

1 Graingr

1/480 Troy Oz

0.064799 g$3.77

How to read this historical table

Every price above is derived directly from the international XAU/USD spot rate on this date ($1,808/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 (October 23, 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 — October 23, 2021

Gold rose 1.63% from the prior trading session ($1,779.30 → $1,808.30 per ounce).

Diwali: The Hindu festival of lights is the largest annual gold-buying event in India. Dhanteras (two days before Diwali) is specifically dedicated to buying gold and silver. India sees billion-dollar surges in jewellery sales over the five-day Diwali season.

Saturday — the international gold market is closed. Most retail jewellery markets, especially in Asia and the Middle East, see peak Saturday foot-traffic and physical trade activity.

Day 296 of 365 · Q4 2021 · 81.1% through the year

October 2021 gold market: Inflation worries steady gold

Range-bound

Inflation worries offset taper pressure.

Gold recovered toward $1,790–$1,800 in October as surging energy prices and persistent supply-chain disruptions drove inflation expectations higher, reviving some hedging demand even as the taper loomed.

What drove gold in October 2021

  • surging energy prices
  • rising inflation expectations
  • supply-chain disruptions
  • looming Fed taper
Themes#inflation#energy prices#supply chains

Key events in October 2021

  1. Oct 22Gold firms near $1,800 as inflation gauges climb

What happened next

November brought a sharp inflation-driven spike and an equally sharp reversal.

For gold buyers

October showed gold could still catch a bid on inflation fear, even with the Fed preparing to tighten.