Gold has been a symbol of wealth, prosperity, and cultural significance for centuries. Whether used in jewelry, investment, or gifting, gold has a special place in many cultures worldwide. When dealing with gold, you often hear terms like grams, ounces, and carats. But in South Asia, the term "tola" is quite popular. In this blog, we will explore what a tola is, its historical significance, and how many grams one tola of gold equals. So, let’s get started!
The History and Origin of Tola
The term tola originates from the Sanskrit word tol, meaning "weight." Historically, it was widely used in British India as a standard weight for measuring precious metals and gemstones, such as gold and silver. Although modern metric units have largely replaced traditional ones, but the word Tola is still commonly used, particularly in India, Nepal, and the Middle East.
One Tola of Gold in Grams
If you're wondering how one tola translates into grams, the standard conversion is:
1 Tola = 11.66 grams
This precise measurement allows buyers and sellers to easily convert between Tola and grams when trading gold. For example:
- 5 Tola of gold = 58.3 grams
- 10 Tola of gold = 116.6 grams
- 50 Tola of gold = 583 grams
These conversions help you understand the exact weight they are dealing with, ensuring fair transactions.
Why is Gold Still Measured in Tola
Even though most industries and countries have adopted metric units, gold trading in South Asia and the Middle East still relies on Tola measurements for several reasons:
- Traditional Preference: Many people, especially older generations, are adjusted to buying and selling gold in Tola, making it an essential unit in regional gold markets.
- Cultural Significance: In India, gold is an integral part of weddings, festivals, and religious ceremonies. The Tola remains a familiar unit for these cultural transactions.
- Ease of Trade: For dealers, using Tola simplifies transactions as large quantities of gold are often traded in this unit.
How to Convert Gold Prices from Tola to Grams
Gold prices fluctuate daily based on global market trends, making accurate conversion important for you. If you want to calculate the price of one Tola of gold in grams, follow this simple formula:
Price of 1 Tola Gold = Price of 1 Gram Gold × 11.66
For instance, if the current price of gold is ₹60 per gram, the price of 1 Tola of gold would be:
₹60 × 11.66 = ₹699.60
Similarly, if you wish to convert Tola-based gold pricing into grams, you can divide the price of one Tola by 11.66.
To Conclude
While the world largely follows metric measurements, Tola remains a significant unit for gold trading in South Asia and the Middle East. Understanding its value in grams allows you to navigate gold transactions with confidence. Whether you're purchasing gold for personal use, investment, or tradition, knowing 1 Tola = 11.66 grams ensures smooth conversions and fair deals.
Want to know more about gold and loan against gold? Poonawalla Fincorp is the best place to start.
Frequently Asked Questions
How many grams are in one Tola of gold?
One Tola of gold equals 11.66 grams which makes it a convenient unit for gold transactions.
Why is gold still measured in Tola in some regions?
Many South Asian and Middle Eastern countries continue using Tola due to cultural traditions, ease of trade, and familiarity among buyers and sellers.
Can I use gold for getting a loan?
Yes, you can get a loan against your gold for with Poonawalla Fincorp’s Gold Loan.
About the Author
We take utmost care to provide information based on internal data and reliable sources. However, this article and associated web pages provide generic information for reference purposes only. Readers must make an informed decision by reviewing the products offered and the terms and conditions. Loan disbursal is at the sole discretion of Poonawalla Fincorp.
*Terms and Conditions apply