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Historical Unit Breakdown

Gold Price in Every Weight Unit — May 17, 2022

International XAU/USD gold closed at $1,825 per troy ounce on this date, equivalent to $58.68 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$684.39

1 Mashaماشہ

1/12 Tola

0.972 g$57.03

1 Rattiرتی

1/96 Tola · gemstones

0.1215 g$7.13

1 Vori (Bhori)ভরি

Bangladesh

11.664 g$684.39

1 Ana (Anna)আনা

1/16 Vori

0.729 g$42.77

Metric & Global

3 units
UnitWeightPrice (USD)

1 Gramg

Worldwide standard

1 g$58.68

1 Kilogramkg

Bulk trade

1,000 g$58,675

1 Troy Ounceoz t

LBMA bullion standard

31.1035 g$1,825

East & Southeast Asian

6 units
UnitWeightPrice (USD)

1 HK Tael兩

Hong Kong, Macau

37.429 g$2,196

1 CN Tael兩

Mainland China

31.25 g$1,834

1 Mace錢

1/10 HK Tael

3.7429 g$219.61

1 Candareen分

1/100 HK Tael

0.37429 g$21.96

1 Bahtบาท

Thailand

15.244 g$894.44

1 Luong (Lượng)lượng

Vietnam

37.5 g$2,200

Middle Eastern

2 units
UnitWeightPrice (USD)

1 Mesghalمثقال

Iran

4.6083 g$270.39

1 Mithqalمثقال

Saudi, UAE, Egypt

4.25 g$249.37

Imperial & Western

2 units
UnitWeightPrice (USD)

1 Pennyweightdwt

1/20 Troy Oz

1.55517 g$91.25

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 ($1,825/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 (May 17, 2022 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 — May 17, 2022

Gold rose 0.86% from the prior trading session ($1,809.50 → $1,825.00 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.

Tuesday — a normal trading day. Tuesday is also when the CFTC publishes Commitments of Traders data for the prior week, often producing intraday movement.

Day 137 of 365 · Q2 2022 · 37.5% through the year

May 2022 gold market: Gold grinds lower toward $1,840

Bearish

Relentless dollar strength ground gold lower.

Gold drifted down to about $1,840 in May 2022 as the dollar pushed to new multi-decade highs and the Fed delivered a half-point hike. The metal held up better than many risk assets but could not escape the gravitational pull of rising rates.

What drove gold in May 2022

  • Fed +50bp hike
  • multi-decade-high US dollar
  • rising real yields
  • risk-asset selloff
Themes#US dollar strength#Fed policy#rate hikes

Key events in May 2022

  1. May 4Fed hikes 50bp; dollar strength caps gold

What happened next

An even larger June hike pushed gold and most assets sharply lower.

For gold buyers

May showed gold's relative resilience — falling less than stocks or bonds — even as the rate backdrop turned hostile.