What is Tulam Gold

What is Tulam Gold

Learn what tulam gold means, its weight in grams, and how it affects your gold loan amount. Check your gold loan eligibility today.

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Understanding Tulam and its weight in grams

If you have ever heard someone mention tulam while talking about gold, it simply refers to an old regional unit of weight. One tulam equals 11.66 grams, making it easy to convert when checking gold value or planning a purchase. Jewellers in some places still use this unit, especially for traditional gold measurements. Since the conversion is fixed, 1 tulam will always be 11.66 grams, no matter where or when you check it. While grams are more common today, knowing tulam can be helpful, especially during gold purchases or while checking your gold loan eligibility.


How many grams make a Tulam of gold?

A tulam (also known as a tola) is widely recognised across India when it comes to weighing gold. One tulam of gold equals 11.66 grams, so the calculation is simple. For example, 2 tulam of gold would weigh around 23.33 grams. This conversion becomes important when buying jewellery, checking purity, or understanding how much your gold might fetch during a gold loan evaluation. Since gold value depends heavily on weight, knowing the tulam-to-gram conversion ensures accurate decisions without confusion.


Where did the term "Tulam" come from?

The word tulam has historical roots and has been used for generations across many Indian regions as a traditional unit of weight. It became popular because people needed a simple, consistent way to measure precious metals long before modern scales were common. Over time, the term stayed, especially in local markets and among traditional jewellers. Even though grams have taken over today, tulam remains a familiar and culturally rooted measurement that many people still refer to while talking about gold.


Get a clear idea of your loan value by checking your gold loan eligibility. Fast approval and convenient repayment options await.


What is the price of 1 Tulam gold in India?

The price of 1 tulam of gold changes every day because gold is priced per gram. Since 1 tulam equals 11.66 grams, you just multiply the current gold rate per gram by 11.66 to get the tulam price. Purity also plays a big role—24-carat gold will always cost more than 22-carat. If you plan to buy or check gold for a gold loan, it helps to stay updated with daily gold prices so you know exactly what your tulam of gold is worth.

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Latest RBI updates

Section

Parameter

Applicable Details

 

Eligibility Criteria

Gold purity accepted

18-22 Karat for jewellery and ornaments

24 karat for gold coins

Eligible collateral types

Gold ornaments, jewellery, and coins

 

 

 

 

 

 

 

 

 

Eligible limit for each collateral type

Ornaments

Total pledged weight across all loans must not exceed 1 kilogram

Gold coins

The total weight of gold coins pledged cannot be more than 50 grams.

Gold Jewellery

As per maximum loan amount.

Overall exposure limit

The total loan exposure across ornaments, jewellery, and gold coins together must not exceed the maximum loan limit of Rs. 2 crore.

Collateral protection

 

Any loss, damage, or discrepancy in the quantity or purity of your pledged gold identified during audit, return, or auction will be recorded and promptly communicated to you or your legal heirs. The reimbursement or compensation process, as per company policy and SOP, will be clearly explained. Delays in collateral release due to lender fault will attract compensation of ₹5,000 per day.

 

 

 

Gold loan renewal

Renewal parameter

You can request renewal of your gold loan before maturity if it remains in standard status and within permissible LTV limits. This facility is available only to existing customers. For bullet repayment loans, accrued interest must be cleared. Renewals are subject to credit checks, fresh applicable charges, and are not allowed after maturity.

 

 

Gold loan top up

Top up parameter

Top-up is allowed before maturity, subject to regulatory LTV limits, credit assessment, and customer eligibility. Fresh fees and charges apply. Top-up after maturity is not permitted, even if dues are outstanding. Top up facility is available only to existing users.

 

 

 

LTV (Loan to Value)

For loans up to Rs.2.5 lakh

85%

For loans between more than Rs.2.5 lakh to Rs.5 lakh

80%

For loans from more than Rs. 5lakh to Rs. 2 crore

75%

 

 

 

Gold Value

Evaluation parameter

As per the latest guidelines, gold loans are offered against specific purity of gold jewellery, ornaments and gold coins, valued using lower of the average closing price for your gold's specific purity over the last 30 days or the previous day's closing price, as published by IBJA or a SEBI-regulated commodity exchange, within prescribed limits and subject to KYC and timely repayment.

Benefits of using tulam gold for gold loans

Using tulam gold for a gold loan can be very convenient, especially if your jewellery is already measured in tulam.


  • You get quick access to funds because gold loans are easy to process.
  • There are no restrictions on how you use the money.
  • You can borrow without selling your gold, so your asset stays safe.
  • Documentation is simple, helping you get the loan faster.
  • Gold weight in tulam makes valuation easy during loan approval.
  • Your gold loan eligibility improves with higher gold weight and purity

In conclusion, gold loans using tulam gold offer a practical, convenient, and cost-effective solution for urgent financial needs. They provide a way to leverage your gold holdings to meet immediate financial needs without having to sell your gold. However, it’s important to understand the terms and conditions of the loan before availing it.
 

Ready to unlock the value of your gold? Apply for Bajaj Finserv Gold Loan today.
 

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Disclaimer

Bajaj Finance Limited (BFL) has the sole and absolute discretion, without assigning any reason to accept or reject any application as per BFL policy. *