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Historical Unit Breakdown

Gold Price in Every Weight Unit — June 27, 2022

International XAU/USD gold closed at $1,826 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

5 units
UnitWeightPrice (USD)

1 Tolaتولا · तोला

Pakistan, India, Nepal

11.664 g$684.87

1 Mashaماشہ

1/12 Tola

0.972 g$57.07

1 Rattiرتی

1/96 Tola · gemstones

0.1215 g$7.13

1 Vori (Bhori)ভরি

Bangladesh

11.664 g$684.87

1 Ana (Anna)আনা

1/16 Vori

0.729 g$42.80

Metric & Global

3 units
UnitWeightPrice (USD)

1 Gramg

Worldwide standard

1 g$58.72

1 Kilogramkg

Bulk trade

1,000 g$58,717

1 Troy Ounceoz t

LBMA bullion standard

31.1035 g$1,826

East & Southeast Asian

6 units
UnitWeightPrice (USD)

1 HK Tael

Hong Kong, Macau

37.429 g$2,198

1 CN Tael

Mainland China

31.25 g$1,835

1 Mace

1/10 HK Tael

3.7429 g$219.77

1 Candareen

1/100 HK Tael

0.37429 g$21.98

1 Bahtบาท

Thailand

15.244 g$895.08

1 Luong (Lượng)lượng

Vietnam

37.5 g$2,202

Middle Eastern

2 units
UnitWeightPrice (USD)

1 Mesghalمثقال

Iran

4.6083 g$270.58

1 Mithqalمثقال

Saudi, UAE, Egypt

4.25 g$249.55

Imperial & Western

2 units
UnitWeightPrice (USD)

1 Pennyweightdwt

1/20 Troy Oz

1.55517 g$91.31

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 ($1,826/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 27, 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 27, 2022

Gold fell 0.80% from the prior trading session ($1,841.11 → $1,826.30 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.

Monday — typically a high-volume trading day as markets digest weekend news. Asian gold imports often see Monday surges in major demand countries.

Day 178 of 365 · Q2 2022 · 48.8% 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.