1 Tola Gold Price Today in India
Table of Contents
The traditional unit of “tola” remains widely used in gold transactions across India. One tola is equal to 11.6638 grams. The current value of 1 tola gold price varies based on prevailing market conditions, including the global bullion price and the INR–USD exchange rate.
Indicatively, recent pricing trends suggest that 1 tola gold price for 22k and 24k gold may fall within ranges derived from daily market benchmarks. However, these values are subject to change throughout the trading cycle.
Understanding the gold rate per tola is relevant both for purchase decisions and for estimating the potential loan amount where gold is pledged as collateral. The applicable valuation depends on the lender’s reference price, purity assessment and applicable loan-to-value (LTV) limits.
Today's Gold Rate Per Tola - 22k and 24k
The table below provides an illustrative conversion of per-gram rates into commonly used weights. These figures are indicative and based on recent benchmark pricing trends. Actual prices vary daily based on market conditions.
|
Weight |
22k Price (INR) |
24k Price (INR) |
|
1 gram |
₹13,190 |
₹14,400 |
|
8 grams |
₹1,05,520 |
₹1,15,200 |
|
10 grams |
₹1,31,900 |
₹1,44,000 |
|
1 tola (11.6638 g) |
₹1,53,850 |
₹1,67,960 |
For trend-watchers, the last five trading sessions for 1 tola of 24k gold, indicative and scaled from recent MCX levels:
|
Session |
24k, 1 tola (INR) |
|
6 July 2026 |
₹1,67,260 |
|
7 July 2026 |
₹1,67,840 |
|
8 July 2026 |
₹1,67,490 |
|
9 July 2026 |
₹1,67,730 |
|
10 July 2026 |
₹1,67,960 |
Note: Prices shown are indicative and may vary depending on market benchmarks, location and applicable charges.
What Is a Tola and How Many Grams Does It Equal?
One tola = 11.6638 grams = 180 troy grains. The number is not an arbitrary one. The tola was the standard weight of the British Indian rupee coin and jewellers across North India continued to use it long after the coin disappeared. It lives on because of habits around gold outlast currencies.
The maths is a simple multiplication: tola price = per-gram rate multiplied by 11.6638. Round figure example: 24k gold is ₹15,000 per gram, 1 tola would cost 15,000 x 11.6638 = ₹1,74,957. Swap the day's live rate into the same sum, and the current figure drops out.
What Drives the Gold Rate Per Tola in India?
- Global spot price. Gold trades on international commodity exchanges, and when world demand rises, the Indian rate follows within hours.
- INR versus USD. A weaker rupee makes every imported gram costlier, pushing the tola price higher in rupee terms even on a quiet global day.
- Import duty and GST. Central levies sit inside the landed price, and 3% GST joins at purchase, so policy changes flow straight into shop prices.
- Local demand and supply. Wedding calendars and festival buying create seasonal surges, while jeweller stock positions cause short-term wobbles.
How the Tola Gold Rate Affects Your Gold Loan Amount
Lenders assess pledged gold based on the prevailing market benchmark, adjusted for purity and net weight. The gold rate per tola therefore directly influences the indicative loan eligibility.
For example, if a borrower holds approximately 3 tola of 22k gold, the market value is derived using the prevailing 1 tola gold price. Based on the applicable RBI framework, LTV limits may be applied as follows:
- Up to ₹2.5 lakh – up to 85%
- ₹2.5 lakh to ₹5 lakh – up to 80%
- Above ₹5 lakh – up to 75%
The final sanctioned loan amount remains subject to purity assessment, weight verification, applicable valuation benchmarks and lender evaluation.
22k vs 24k Gold - Which Tola Rate Should You Use?
Match the rate to the purpose. 24k gold is 99.9% pure and lives in coins and bars, so investors tracking bullion use the 24k tola rate. 22k is 91.6% pure, the Indian jewellery standard, so anyone pricing ornaments (or estimating a pledge, since jewellery dominates gold loan collateral) should watch the 22k line. The 1 tola gold rate for 22k always runs below 24k purely because of alloy content. Whichever you buy, the BIS hallmark (916 or 999) is the purity verification that matters at resale and at a lender's counter alike.
Conclusion
The 1 tola gold price reflects prevailing market conditions and varies throughout the trading cycle. Since one tola equals 11.6638 grams, the value can be calculated from the per-gram rate using the applicable benchmark.
For households holding gold in tola-based measurements, the same valuation approach may be used to estimate potential loan eligibility under applicable LTV limits. Actual loan amounts, pricing and terms remain subject to lender evaluation and prevailing market conditions.
Frequently Asked Questions
How many grams is 1 tola of gold?
Exactly 11.6638 grams, equivalent to 180 troy grains. The conversion is constant and applies to all purities. To calculate the price for tola multiply the current rate per gram by 11.6638. Some informal markets round the tola to 11.66 or even 12 grams so always confirm which convention a jeweller is using before agreeing to a price on old-style weighed pieces. Worth remembering when comparing quotes.
Why does the tola gold rate differ between 22k and 24k?
Because of the gold content. 22k is 91.6% pure gold mixed with other metals for strength; 24k is 99.9% pure. Higher gold per gram = higher price per tola. This is why the 22k line is always below the 24k line. Practical: jewellery is priced and pledged at the 22k benchmark, coins and bars at 24k, so keep track of the rate that corresponds to what you actually hold.
Can I use the tola rate to estimate my gold loan amount?
Yes, and it is the quickest method for tola-weighed jewellery. Multiply your tola count by today's 22k tola rate to get market value, then apply the RBI slab: 85% when the loan stays within ₹2.5 lakh, then 80% and 75% in the higher bands. Three tola of 22k at current rates supports roughly ₹3.7 lakh, subject to the branch purity check. Deduct something mentally for stones and non-gold parts; only net gold weight counts.
Is the tola rate the same across all cities in India?
Broadly, yes. The base rate comes from national commodity exchanges and is uniform, but final city quotes drift slightly apart because of local taxes, transport costs and jeweller association pricing. The gap is usually small, a few hundred rupees on a tola. Check your own city's rate before a purchase and note that gold loan valuation ignores these local retail margins entirely; lenders use the published IBJA or exchange benchmark instead.
How often does the gold rate per tola change in India?
Every day of trading. It tracks the global spot price and the INR-USD exchange rate and the level for the day is usually set in the morning. The reference is the rate of the last trading session over weekends and holidays. If you're timing a purchase or pledge, check the same morning's rate across sources, rather than mixing yesterday's headline with today's counter quote.
Disclaimer : The information in this blog is for general purposes only and may change without notice. It does not constitute legal, tax, or financial advice. Readers should seek professional guidance and make decisions at their own discretion. IIFL Finance is not liable for any reliance on this content. Read more
