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Historical Unit Breakdown

Gold Price in Every Weight Unit — December 1, 2021

International XAU/USD gold closed at $1,790 per troy ounce on this date, equivalent to $57.56 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$671.42

1 Mashaماشہ

1/12 Tola

0.972 g$55.95

1 Rattiرتی

1/96 Tola · gemstones

0.1215 g$6.99

1 Vori (Bhori)ভরি

Bangladesh

11.664 g$671.42

1 Ana (Anna)আনা

1/16 Vori

0.729 g$41.96

Metric & Global

3 units
UnitWeightPrice (USD)

1 Gramg

Worldwide standard

1 g$57.56

1 Kilogramkg

Bulk trade

1,000 g$57,564

1 Troy Ounceoz t

LBMA bullion standard

31.1035 g$1,790

East & Southeast Asian

6 units
UnitWeightPrice (USD)

1 HK Tael兩

Hong Kong, Macau

37.429 g$2,155

1 CN Tael兩

Mainland China

31.25 g$1,799

1 Mace錢

1/10 HK Tael

3.7429 g$215.45

1 Candareen分

1/100 HK Tael

0.37429 g$21.55

1 Bahtบาท

Thailand

15.244 g$877.50

1 Luong (Lượng)lượng

Vietnam

37.5 g$2,159

Middle Eastern

2 units
UnitWeightPrice (USD)

1 Mesghalمثقال

Iran

4.6083 g$265.27

1 Mithqalمثقال

Saudi, UAE, Egypt

4.25 g$244.65

Imperial & Western

2 units
UnitWeightPrice (USD)

1 Pennyweightdwt

1/20 Troy Oz

1.55517 g$89.52

1 Graingr

1/480 Troy Oz

0.064799 g$3.73

How to read this historical table

Every price above is derived directly from the international XAU/USD spot rate on this date ($1,790/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 (December 1, 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 — December 1, 2021

Gold fell 0.77% from the prior trading session ($1,804.40 → $1,790.43 per ounce).

Wednesday — a normal trading day. FOMC announcements (when scheduled) typically come on Wednesdays at 2 PM ET, often producing intraday gold volatility.

Day 335 of 365 · Q4 2021 · 91.8% through the year

December 2021 gold market: Range-bound into a hawkish year-end

Range-bound

A hawkish Fed capped a down year for gold.

Gold traded sideways near $1,800 in December as the Omicron variant and a decisively hawkish Fed — accelerating its taper and projecting three 2022 rate hikes — kept the metal boxed in. Gold closed 2021 around $1,829, down roughly 3.6% on the year.

What drove gold in December 2021

  • Fed accelerating taper, projecting 2022 hikes
  • Omicron uncertainty
  • firm dollar
  • negative real yields cushioning the downside
Themes#Fed policy#Omicron#year-end

Key events in December 2021

  1. Dec 15Fed doubles taper pace and projects three 2022 hikes

What happened next

The hawkish setup carried into early 2022 — until war in Ukraine upended everything.

For gold buyers

Down about 3.6% on the year, 2021 was gold's pause that refreshed — a year of digestion after 2020's record run.