1 Tola Gold in Gram: Conversion, History & Loan Insights

Gold, a timeless treasure passed down through generations, is admired not just for its shine and value but also for its cultural and historical significance. In South Asia, especially India, gold is traditionally weighed in a unit called the tola. Curious about how many grams in 1 tola gold? Or wondering what 1 tola gold means in today’s terms? Simply put, 1 tola gold in gram equals approximately 11.66 grams. This article takes you through the fascinating history of the tola, its origins, and its continued relevance in modern gold measurement.

What is 1 Tola of Gold?

A 'Tola' (also spelt as tolah or tole) is an ancient weight measurement introduced in India and South Asia around 1833. Its purpose was to facilitate the fair exchange of grain and precious metals. In today's metric system, 1 Tola equals approximately 11.6638 grams. Interestingly, the first Indian Rupee minted during the 16th century nearly equalled one Tola. The British East India Company later standardized the silver Tola at 180 troy grains, solidifying its measurement.

How Many Grams are in 1 Tola Gold?

In India and a majority of south asian countries, the traditional unit of weight for gold is referred to as Tola. 1 tola gold equals 11.6638 grams. Although grams are more common in global markets, tolas are widely used in the jewellery trade and gold investment.

Conversion Formula

Grams = Tola x 11.6638

2 tolas of gold = 2 x 11.6638 = 23.328 grams

5 tolas of gold = 5 x 11.6638 = 58.319 grams

Origin and History of Tola Gold

The term 'Tola' has its roots in the Vedic period. It finds its linguistic origin in Sanskrit, where 'Tola' signifies 'balance' or 'scale.' In the past, as trade flourished with commodities like gold and spices, the need for a universal measurement arose. The Tola stepped in to bridge this gap, providing a familiar and equitable measurement standard.

Tola and gram conversion table for gold weights

Quick conversion chart of Tola to Gram [India]

Is Tola Still Used for Gold Today?

Yes, tola is still used today as a traditional unit of measurement for gold, especially in countries like India, Pakistan, Nepal, and parts of the Middle East. While the metric system (grams and kilograms) has become the global standard for precious metals, tola remains popular in local gold markets and among jewellers in these regions due to cultural familiarity.

How 1 Gram or 1 Tola Gold Determines Loan Value

When one applies for a gold loan, the purity and weight of the pledged gold play a decisive role in determining the eligible loan amount. IIFL Finance will first assess your gold in standardized units like grams or tola to ensure accurate valuation. Even a slight difference in weight or purity can significantly affect your loan eligibility.

Key Factors in Loan Valuation:

• Gold Weight: Measured in grams or tola; a higher weight generally means a higher loan amount.
• Gold Purity: Tested in karats (e.g., 22K, 24K); higher purity fetches better value.
• Market Price: The loan value is calculated using the current gold rate per gram.
• LTV Ratio: IIFL Finance offers a percentage of up to 75% of the calculated gold value.

Accurate Conversion: Converting to standard units ensures fairness and transparency during the loan application process.

How to convert grams to tola for gold

Converting grams of gold into tola is very simple. All you need to do is divide the weight in grams by 11.6638 as 1 tola is equivalent to 11.6638 grams.

Tola = Grams ÷ 11.6638

For example, 

• If you have 23.3276 grams of gold:
  23.3276 ÷ 11.6638 = 2 tolas
   

• If you have 50 grams of gold:
  50 ÷ 11.6638 = 4.29 tolas
   

1 Tola Gold in Grams: Standard vs. Indian Jewellers

The Tola maintains its relevance in South Asian countries like India, Pakistan, and Nepal, particularly in the realm of gold and precious metals. Although officially 11.6638 grams, many Indian jewellers have rounded to 10 grams for easy calculations and understanding. Notably, 1 Tola can be 10 or 11.6638 grams, depending on where you purchase it. The UK tends to adhere to the 11.7-gram measurement, while India often leans toward 10 grams.

Summing Up The Journey:

The query about the grams in 1 Tola of gold unveils an enthralling voyage through time and culture. Emerging from ancient India, the Tola has left an indelible mark on the realm of gold measurement. Its historical heritage, regional importance, and flexibility persist as it continues to be utilized for gold and other commodities in select corners of the world. The term 'Tola' no longer denotes weight; it encapsulates centuries of history and a shared understanding of measurement.