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Gold Price in Every Weight Unit — June 16, 2022
International XAU/USD gold closed at $1,827 per troy ounce on this date, equivalent to $58.72 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
1 Tolaتولا · तोला
Pakistan, India, Nepal
1 Mashaماشہ
1/12 Tola
1 Rattiرتی
1/96 Tola · gemstones
1 Vori (Bhori)ভরি
Bangladesh
1 Ana (Anna)আনা
1/16 Vori
Metric & Global
1 Gramg
Worldwide standard
1 Kilogramkg
Bulk trade
1 Troy Ounceoz t
LBMA bullion standard
East & Southeast Asian
1 HK Tael兩
Hong Kong, Macau
1 CN Tael兩
Mainland China
1 Mace錢
1/10 HK Tael
1 Candareen分
1/100 HK Tael
1 Bahtบาท
Thailand
1 Luong (Lượng)lượng
Vietnam
Middle Eastern
1 Mesghalمثقال
Iran
1 Mithqalمثقال
Saudi, UAE, Egypt
Imperial & Western
1 Pennyweightdwt
1/20 Troy Oz
1 Graingr
1/480 Troy Oz
How to read this historical table
Every price above is derived directly from the international XAU/USD spot rate on this date ($1,827/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 16, 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 16, 2022
Gold rose 0.15% from the prior trading session ($1,823.80 → $1,826.50 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.
Thursday — a normal trading day. Weekly US initial jobless claims publish at 8:30 AM ET on Thursdays, occasionally producing intraday gold movement.
Day 167 of 365 · Q2 2022 · 45.8% through the year
June 2022 gold market: Biggest Fed hike since 1994 weighs on gold
BearishAggressive 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
Key events in June 2022
- 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.
Jun 16 across the years — 2020 → 2021
| Year | Jun 16 close | vs prior | |
|---|---|---|---|
| Jun 16, 2021 | $1,860.80 | +8.19% | View |
| Jun 16, 2020 | $1,719.90 | — | View |