The origin of the term "Tola" is not precisely known. However, it is believed to have originated from the ancient Indian system of weights and measures. The word "Tola" is derived from "Tula," which means balance or scale. It was widely used in marketplaces where goods were weighed on balance scales. Over time, the term was adopted to refer to a standardised weight unit.
Gold of 1 tola into gram
As mentioned earlier, 1 Tola is roughly equal to 11.6638 grams. Thus, if you have a piece of gold weighing 1 Tola, it will weigh approximately 11.6638 grams in modern units. To convert Tola to grams, you need to multiply the Tola value by 11.6638.
What is the price of 1 tola gold in India?
Gold price in India is often quoted per tola, a traditional unit of measurement equal to 11.66 grams. The daily price of 1 tola of gold is influenced by various factors, including international market trends, currency exchange rates (especially the rupee against the US dollar), and local demand during peak seasons like Diwali and weddings. Gold prices in India are typically quoted in Indian Rupees (INR) for 24-carat pure gold, which represents the highest quality and is thus more expensive. However, it’s essential to note that the price listed for raw gold differs from what you’d pay for jewellery, as jewellers add making charges based on the design complexity. Additionally, there is a GST (Goods and Services Tax) on gold jewellery, which can impact the final purchase cost.
Tracking the daily gold price in India can be valuable for investors and buyers, helping them make informed decisions about purchasing or investing in gold and securing the best value for their money.
Is the tola weight still in use today?
Despite the move towards standardisation, tola weight is still in use today, especially in Asian countries where traditional marketplaces continue to thrive. Besides jewellery and gold products, Tola is also used to measure various household commodities such as sugar, grains, and spices. However, with the increasing emphasis on metric units, the tola unit of weight may gradually lose its importance in the coming years.
1 gram is equal to how many tolas?
The conversion between grams and tolas is essential for understanding gold measurements. In traditional Indian units, 1 tola is equivalent to 11.6638 grams. This conversion is crucial for those who frequently buy or trade gold. When considering gold investments, it’s helpful to know that 10 tola in grams is approximately 116.638 grams, a common measurement for bulk purchases.
Understanding these conversions allows for better clarity when comparing gold prices and quantities in different units. Additionally, for those interested in even larger quantities, 1 tola in kg is equal to 0.0116638 kg. This knowledge helps you make informed investment decisions.
Tola and gram conversion table for gold weights
A tola is a traditional gold measurement unit, predominantly used in India and South Asian countries. Here’s a simple conversion table for your reference:
Tola (t)
|
Grams (g)
|
Kilograms (kg)
|
1 tola
|
11.6638 grams
|
0.0116638 kg
|
5 tola
|
58.319 grams
|
0.058319 kg
|
10 tola
|
116.638 grams
|
0.116638 kg
|
50 tola
|
583.19 grams
|
0.58319 kg
|
100 tola
|
1166.38 grams
|
1.16638 kg
|
This conversion table offers an easy way to understand different measurements and can be helpful when calculating gold prices or making purchases.
What is the gram equivalent of 1 tola of gold?
Understanding the gram equivalent of 1 tola is crucial for gold buyers and sellers. In standard units, 1 tola of gold equals 11.6638 grams. This conversion simplifies transactions and ensures that buyers get the correct quantity when purchasing gold. For those dealing in larger quantities, 10 tola in grams is equal to 116.638 grams, while 1 tola in kg is around 0.0116638 kg. Having this information helps avoid confusion and aids in making precise calculations, especially when gold prices fluctuate. Familiarity with these conversions ensures transparency and accurate pricing in gold transactions.
How to convert grams to tola for gold
Converting grams to tola for gold is a simple process that can help you understand traditional measurements often used in India and other South Asian countries. The key to this conversion is knowing that 1 tola is equivalent to 11.66 grams. To convert grams to tola, divide the weight in grams by 11.66. This method is commonly used in the gold market, especially for jewellery purchases and investments, where measurements like tola are preferred over grams.
For instance, if you have 23.32 grams of gold and want to determine the equivalent in tolas, you would divide 23.32 by 11.66. The calculation would look like this:
23.32 grams ÷ 11.66 = 2 tolas
This means that 23.32 grams of gold is exactly 2 tolas. Using this conversion is helpful when comparing prices or purchasing gold measured in traditional units, as it allows you to understand weight in tolas based on the gram weight of your gold.
Why understanding about Tola is important before applying for a gold loan
One of the most important factors that affect your gold loan amount is the weight of your ornament and its purity. Thus, any deviation from the expected weight and purity levels may result in a lower loan amount. Tola is a term that is commonly used to define the weight of your ornament. 1 Tola is equivalent to approximately 11.6638 grams,
Knowing the gram value of your tola is crucial when applying for a gold loan as it affects the final gold loan amount.
If you are looking to apply for a gold loan, you can choose to avail of Bajaj Finserv Gold Loan. Our gold loan provides you with quick access to funds by fulfilling the simple eligibility criteria and submitting just a few documents. You can simply meet some basic parameters and get the funds you need in a few hours.
Gold loan eligibility based on 1 gram and 1 tola of gold
When considering gold loan eligibility, it often hinges on the amount of gold you possess. Generally, financial institutions evaluate gold based on its purity and weight. For instance, 1 tola of gold is equivalent to approximately 11.6638 grams. Thus, the more gold you have, the higher your eligibility for a loan. Typically, lenders provide loans up to 75% of the gold's market value.
For example, if you possess 10 tola in grams (around 116.638 grams), your loan eligibility increases significantly, allowing you to access more funds for emergencies or investments. Additionally, the purity of the gold (24K being the highest) can also influence the loan amount offered.
Gold loan interest rates based on 1 tola of gold
Interest rates for gold loans vary based on the amount of gold you pledge. Typically, lenders set interest rates depending on the gold's current market value and weight. For example, if you are considering how much is one tola of gold, understanding the corresponding interest rates can be beneficial. When you pledge 10 tola in grams (116.638 grams), the overall interest on your loan may differ compared to pledging a lesser amount.
As a standard, lenders may offer lower interest rates for larger gold quantities due to the reduced risk involved. Additionally, 1 tola in kg equals approximately 0.0116638 kg, and this metric can help you gauge how much gold you need to maximize your loan benefits. It’s advisable to compare rates from various lenders to secure the best deal.
Gold loan per gram and tola rates in India today
Understanding the current gold loan rates per gram and per tola is essential for those seeking loans against their gold holdings. As of today, the market rate of gold can fluctuate based on various factors, such as international market trends and local demand. For instance, if you're curious about how much is one tola of gold, this will directly impact the amount you can borrow against your gold. Typically, 10 tola in grams is a common measurement, allowing lenders to assess your loan eligibility more accurately. Moreover, the rate of 1 tola in kg (approximately 0.0116638 kg) is also relevant for determining the loan's value. Keeping track of the gold rate today can significantly influence your decision-making process when opting for a gold loan.
How 1 gram and 1 tola determine loan value
The value of a gold loan is significantly determined by the weight and purity of the gold you pledge. Generally, lenders assess gold based on its current market value per gram or tola. For example, if you own one tola of gold, you can easily determine its equivalent in grams, which is approximately 11.6638 grams. This information is crucial when calculating how much you can borrow against your gold. If you have 10 tola in grams, your loan potential increases, giving you access to more funds. Additionally, understanding 1 tola in kg helps you appreciate the total weight of your gold holdings. The higher the gold's purity (like 24K), the more you can potentially borrow, making it vital to keep track of gold prices.
