G

Goldify Pro

Live Gold Rates & Tools

Historical Unit Breakdown

Gold Price in Every Weight Unit — June 4, 2022

International XAU/USD gold closed at $1,845 per troy ounce on this date, equivalent to $59.31 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$691.85

1 Mashaماشہ

1/12 Tola

0.972 g$57.65

1 Rattiرتی

1/96 Tola · gemstones

0.1215 g$7.21

1 Vori (Bhori)ভরি

Bangladesh

11.664 g$691.85

1 Ana (Anna)আনা

1/16 Vori

0.729 g$43.24

Metric & Global

3 units
UnitWeightPrice (USD)

1 Gramg

Worldwide standard

1 g$59.31

1 Kilogramkg

Bulk trade

1,000 g$59,315

1 Troy Ounceoz t

LBMA bullion standard

31.1035 g$1,845

East & Southeast Asian

6 units
UnitWeightPrice (USD)

1 HK Tael兩

Hong Kong, Macau

37.429 g$2,220

1 CN Tael兩

Mainland China

31.25 g$1,854

1 Mace錢

1/10 HK Tael

3.7429 g$222.01

1 Candareen分

1/100 HK Tael

0.37429 g$22.20

1 Bahtบาท

Thailand

15.244 g$904.20

1 Luong (Lượng)lượng

Vietnam

37.5 g$2,224

Middle Eastern

2 units
UnitWeightPrice (USD)

1 Mesghalمثقال

Iran

4.6083 g$273.34

1 Mithqalمثقال

Saudi, UAE, Egypt

4.25 g$252.09

Imperial & Western

2 units
UnitWeightPrice (USD)

1 Pennyweightdwt

1/20 Troy Oz

1.55517 g$92.24

1 Graingr

1/480 Troy Oz

0.064799 g$3.84

How to read this historical table

Every price above is derived directly from the international XAU/USD spot rate on this date ($1,845/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 (June 4, 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 — June 4, 2022

Gold rose 0.00% from the prior trading session ($1,844.90 → $1,844.90 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.

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 155 of 365 · Q2 2022 · 42.5% through the year

June 2022 gold market: Biggest Fed hike since 1994 weighs on gold

Bearish

Aggressive tightening and a strong dollar dragged gold down.

Gold drifted lower to around $1,820 in June as the Federal Reserve delivered a 0.75-point hike — its largest since 1994 — and the dollar strengthened. Rising real yields steadily eroded gold's appeal even as recession fears built.

What drove gold in June 2022

  • Fed +75bp (Jun 15)
  • surging US dollar
  • rising real yields
  • building recession fears
Themes#Fed policy#rate hikes#US dollar strength

Key events in June 2022

  1. Jun 15Fed hikes 75bp, its largest move since 1994

What happened next

The relentless hikes pushed gold below $1,700 in July and toward its lows by September.

For gold buyers

June underscored that aggressive rate hikes, not inflation alone, were driving gold — and the hikes were winning.