how much is one tola gold

Guri Bee

2 min read

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22-10-2024

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How Much is One Tola Gold? A Guide to Understanding Gold Weight

The tola is a traditional unit of weight used for precious metals, primarily gold, in South Asia. While the metric system is widely adopted globally, the tola remains a significant measure in countries like India, Pakistan, and Bangladesh. But how much is one tola gold, and how does its value fluctuate?

What is one tola?

One tola is equal to 11.6638 grams or 0.375 troy ounces. It's important to note that this weight is standardized across different countries using the tola.

What factors influence the price of gold per tola?

The price of gold per tola is determined by a complex interplay of global market factors:

• Global Demand & Supply: Like any commodity, gold's price fluctuates based on the demand and supply. Increased demand, like during economic uncertainties, can lead to price rises, while increased supply can cause prices to decline.
• Currency Exchange Rates: The price of gold is typically quoted in US dollars. Fluctuations in exchange rates, particularly against the local currency, can impact the price of gold per tola in different countries.
• Interest Rates: Low interest rates can encourage investment in gold, leading to higher prices. Conversely, higher interest rates can make holding gold less attractive, potentially driving prices down.
• Geopolitical Events: Global events like wars, political instability, or natural disasters can influence gold prices due to its perceived safe-haven status.

How can you find the current price of gold per tola?

You can find the current price of gold per tola in various ways:

• Online Gold Price Websites: Websites like Goldprice.org [Source: https://www.goldprice.org/] and Kitco.com [Source: https://www.kitco.com/] provide real-time gold price updates in different currencies and weights, including the tola.
• Local Jewelers and Gold Dealers: Local jewelers and gold dealers often display current gold prices in their stores or websites, offering a convenient way to check prices.
• Financial News Websites: Reputable financial news outlets usually provide gold price updates, often in different currencies.

Practical Examples

Imagine you want to buy a gold ornament weighing one tola in India. The current price of gold per tola is INR 50,000 [Source: https://www.google.com/search?q=gold+price+per+tola+in+india&oq=gold+price+per+tola+in+india&aqs=chrome..69i57j0l4.2015j0j7&sourceid=chrome&ie=UTF-8]. You would need to pay approximately INR 50,000 for that ornament.

Conclusion

Understanding the value of one tola gold is essential when dealing with gold transactions in South Asia. Factors influencing gold prices are dynamic and can change quickly. Always refer to reliable sources to get the most up-to-date information.