1 Tola Gold Rate Today

Indians traditionally consider gold a preferred investment. They actively invest in gold by purchasing jewellery, coins, and bars. In addition to holding physical gold, they also invest through gold Exchange Traded Funds (ETFs) and Sovereign Gold Bonds (SGBs). 

If you are planning to invest, be aware of the gold rate per Tola or any other amount you prefer and compare it with previous rates before making an investment decision. Along with the rates, several other factors can help you maximise the benefits of your investment. 

To measure gold’s worth, Indians use traditional units like Tola. The term 'Tola' comes from the Vedic period and means ‘balance’ or ‘scale’. Even today, jewellers in India use Tola to weigh gold ornaments. Some of the key facts about told are: 

• Ancient Indian texts introduced the term ‘Tola’

• The modern metric system defines 1 Tola as 11.7 grams

• The first Indian currency bill in the 16th century was equivalent to 1 Tola

• Many jewellers round off 1 Tola to 10 grams for easier pricing
  

Retailers across South Asia, as well as in the UK, use 1 Tola to represent 11.7 grams of gold

The following table indicates the Tola and gram conversion for a clear understanding:

Understanding the causes that can influence gold rate per Tola can help you make informed investment decisions:

• Global Market Trends

Worldwide financial movements can directly influence today’s gold rate per Tola. Geopolitical events, economic factors, and currency fluctuations create uncertainty worldwide. In such situations, investors choose gold as a safe investment option. Their growing demand pushes gold prices up.

• INR to USD Exchange Rate

Traders buy and sell gold globally in US Dollars. When the Indian rupee loses value against the US Dollar, importers pay more for gold, which in turn raises the price. When the rupee gains strength, it reduces the cost and lowers the gold rate.

• Import Duties and Taxes

Import duties significantly impact the gold rate per tola since much of the gold is imported. When import duties increase, the cost of gold rises accordingly, leading to higher prices for buyers. 

Conversely, reducing these duties can lower gold prices, making it more accessible and potentially boosting demand in the domestic market.

• Local Demand and Supply

The price of gold will increase if demand for it rises in the local market due to domestic factors. The price can also hike during the wedding and festive seasons due to increased demand. So, you should stay vigilant about your area's domestic affairs. 

Gold dealers in India often quote prices in Tola. You can calculate the gold rate per gram when you know the price of 1 Tola using the steps below:

1. Use the standard conversion: 1 Tola equals 11.66 grams

2. Divide the price of 1 Tola by 11.66 to get the rate per gram
   

Example:

• Suppose you buy 1 Tola of gold for ₹70,000

• Since 1 Tola equals approximately 11.66 grams, you divide ₹70,000 by 11.66

• This calculation gives you the price per gram, which is ₹6,004.29