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Historical Unit Breakdown

Gold Price in Every Weight Unit — December 12, 2021

International XAU/USD gold closed at $1,792 per troy ounce on this date, equivalent to $57.60 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$671.88

1 Mashaماشہ

1/12 Tola

0.972 g$55.99

1 Rattiرتی

1/96 Tola · gemstones

0.1215 g$7.00

1 Vori (Bhori)ভরি

Bangladesh

11.664 g$671.88

1 Ana (Anna)আনা

1/16 Vori

0.729 g$41.99

Metric & Global

3 units
UnitWeightPrice (USD)

1 Gramg

Worldwide standard

1 g$57.60

1 Kilogramkg

Bulk trade

1,000 g$57,603

1 Troy Ounceoz t

LBMA bullion standard

31.1035 g$1,792

East & Southeast Asian

6 units
UnitWeightPrice (USD)

1 HK Tael兩

Hong Kong, Macau

37.429 g$2,156

1 CN Tael兩

Mainland China

31.25 g$1,800

1 Mace錢

1/10 HK Tael

3.7429 g$215.60

1 Candareen分

1/100 HK Tael

0.37429 g$21.56

1 Bahtบาท

Thailand

15.244 g$878.10

1 Luong (Lượng)lượng

Vietnam

37.5 g$2,160

Middle Eastern

2 units
UnitWeightPrice (USD)

1 Mesghalمثقال

Iran

4.6083 g$265.45

1 Mithqalمثقال

Saudi, UAE, Egypt

4.25 g$244.81

Imperial & Western

2 units
UnitWeightPrice (USD)

1 Pennyweightdwt

1/20 Troy Oz

1.55517 g$89.58

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 ($1,792/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 12, 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 12, 2021

Gold rose 0.67% from the prior trading session ($1,779.80 → $1,791.66 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 346 of 365 · Q4 2021 · 94.8% 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.