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Discover the current 1 tola gold rate in India, understand its weight, influencing factors, purity checking methods, and how rising gold prices impact gold loans for Indian investors.
Gold remains a symbol of wealth and security for many Indians. The 1 tola gold has special significance due to its historical and cultural roots, especially among communities that value traditional measures. For buyers and investors, knowing the current 1 tola gold rate in India is essential to make effective decisions, whether for purchase or gold-backed loans. This article delves into understanding what 1 tola gold is, the factors influencing its price today, and practical tips for verifying its purity and managing gold loans in India
The term ‘1 Tola’ traces its origins from South Asia, especially India and Pakistan, where it serves as a traditional unit of weight for gold, silver, and other precious metals. The term 'Tola' comes from the Vedic period and means ‘balance’ or ‘scale’. Historically, it has been a standard measure for small gold transactions and jewellery weighing.
Today, 1 tola gold is equivalent to 11.66 grams in India, although it can vary slightly depending on the country or context. In India, the weight of 1 tola gold in grams is commonly accepted as 11.66 grams. This measurement makes it easier for consumers to understand the worth of their gold assets or jewellery. For instance, if the 1 tola gold price in India is ₹55,000, the approximate value of 1 tola of gold would be ₹55,000 multiplied by 11.66 grams, providing a clear idea of the market value at a glance.
Some of the key facts about 1 tola gold are:
Ancient Indian texts introduced the term ‘Tola’
The modern metric system defines 1 Tola as 11.66 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 11.66 grams of gold
The following table indicates the Tola and gram conversion for a clear understanding:
| Gram (gold) | Tola (gold) |
|---|---|
1 gram |
0.085735 Tola |
10 grams |
0.857352 Tola |
20 grams |
1.714705 Tola |
30 grams |
2.572057 Tola |
40 grams |
3.429410 Tola |
50 grams |
4.286763 Tola |
The 1 tola gold rate in India is influenced by several interconnected factors that fluctuate daily based on both global and domestic conditions.
The foremost determinant is international gold prices, which are set in global markets using the US Dollar. As gold is priced in dollars, any appreciation or depreciation of the dollar against the Indian rupee directly impacts the local 1 tola gold price. When the dollar weakens, gold becomes more expensive in India, and vice versa.
Next, central bank policies play a crucial role. Decisions on interest rates, foreign exchange reserves, and monetary policy by the Reserve Bank of India influence the rupee’s strength, subsequently affecting gold rates. For example, an accommodative monetary policy might lead to a weaker rupee, elevating gold prices.
Geopolitical events, such as political tensions or economic crises, tend to boost demand for gold as a safe haven, thus elevating the gold price per tola in India. Similarly, local demand and supply fluctuations during festivals, weddings, and special occasions increase buying activity, pushing prices up.
Finally, import duties and taxes directly impact gold prices. Higher import taxes can make gold more expensive, while variations in GST or other levies also contribute to price differences across regions and among buyers.
Prior to purchasing, verifying the purity of 1 tola gold is vital for ensuring genuine investment and transactions. Several reliable methods are available:
Gold with a Bureau of Indian Standards (BIS) hallmark certifies its purity, typically 22K or 24K. Valid hallmark stickers and markings confirm authenticity.
Since pure gold is non-magnetic, attracting a magnet indicates impurities or fake gold. However, this test alone cannot guarantee purity.
Scratching gold on an unglazed ceramic plate leaves a streak. The colour of this streak indicates purity; a gold-coloured streak suggests genuine gold.
Applying nitric acid on a small gold sample causes a reaction based on purity. Real gold remains unaffected, while impurities react differently.
These devices measure the conductivity of gold to determine its purity accurately.
A professional test that provides precise purity identification without damaging the gold item.
Using sound waves, this method helps detect internal defects or impurities in gold pieces.
Comparing the weight and size of your gold with industry standards can detect inconsistencies or counterfeits.
An increase in 1 tola gold price directly impacts gold-backed loans in India. A higher gold rate provides borrowers with the opportunity to secure larger loan amounts against the same weight of gold. It can also improve the loan-to-value ratio, making gold loans more accessible.
However, rising gold prices may also increase the risk for lenders if rates fall suddenly after the loan is approved. Borrowers should remain aware that fluctuations could affect their repayment capacity, especially if they are planning to liquidate gold assets to repay loans during downturns.
When gold prices surge, borrowers may prefer to avail larger loans, but they need to remain cautious about market risks. Conversely, if prices decline, the collateral value diminishes, potentially leading to higher margin calls or additional collateral needs.
Additionally, fluctuations can influence the interest rates offered by lenders. When gold rates are high and stable, financial institutions might offer better terms, whereas volatile rates can lead to stricter lending criteria. Borrowers should monitor market movements regularly to optimise their borrowing strategies before they apply for a gold loan.
As with all precious metals, today’s tola gold rate in India is sensitive to multiple factors. A high US dollar value typically drives gold prices up, especially when the dollar weakens against the rupee. Central bank policies, such as rate cuts or increases, influence currency strength, and subsequently, the gold rate.
Global geopolitical events, including conflicts or trade tensions, tend to increase demand for safe-haven assets like gold, elevating prices. Similarly, high local demand during festivals or wedding seasons escalates prices temporarily.
Supply chain issues and import duty changes influence the gold price per tola in India. When import taxes increase, the retail price rises; if taxes are lowered, rates tend to fall, making gold more affordable for consumers.
Lastly, economic indicators such as inflation and currency fluctuations constantly modify the 1 tola gold rate in India. A rising inflation rate can boost gold as an inflation hedge, while currency depreciation makes imported gold more expensive.
Gold prices are highly dynamic and can shift overnight due to several reasons. Global factors, such as changes in US dollar value, geopolitical tensions, or economic data releases, can cause overnight fluctuations in the 1 tola gold rate.
Local circumstances also play a part. Demand during festivals or seasonal fluctuations may lead to different pricing across days. Additionally, changes in import duty or taxes, often announced by the government, influence daily rates. These combined factors mean that market prices are always in motion, requiring buyers to stay vigilant and check updates regularly.
Getting a gold loan in India involves simple steps. First, select a reliable bank or NBFC that offers competitive interest rates and favourable terms. Next, visit the branch or apply online with necessary documents like ID proof, address proof, and gold ownership proof.
The lender assesses the purity and weight of your gold, either through testing or verifying hallmark certification. Once approved, the loan amount is disbursed quickly, often within hours or a couple of days. After the tenure, repay the loan with interest to reclaim your gold; lenders may also offer flexible repayment options to suit borrowers’ needs.
Gold rates, including 1 tola gold prices, differ across Indian states and Union Territories due to variations in taxes, demand, and local market conditions.
Buyers should always check the local rates from trusted sources before making any purchase or sale.
Gold prices tend to fluctuate on a daily basis influenced by international markets and domestic factors.
Tracking the last five days’ rates can help investors identify trends, whether upward or downward, and plan their transactions accordingly.
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:
Use the standard conversion: 1 Tola equals 11.66 grams
Divide the price of 1 Tola by 11.66 to get the rate per gram
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 approximately ₹6,004.29
The 1 tola gold rate in India remains a vital indicator for investors, traders, and jewellery buyers. Its value is affected by a complex mix of global and local factors, making it essential to stay updated regularly. Verifying purity through reliable methods and understanding how rate fluctuations impact gold loans can help buyers make informed decisions. Whether for investment, gifting, or collateral, knowing the latest gold price per tola in India empowers better financial choices.
Today’s 1 Tola gold rate can fluctuate daily due to several domestic and international issues. To get the current price check on bank websites or financial platforms like Bajaj Markets.
No, the calculation will be the same, but the rate will vary based on the purity of the gold.
One Tola is equivalent to approximately 11.66 grams.
You can check the latest price of one Tola gold online on banking websites and financial platforms like Bajaj Markets. Here, you can also check:
The past few days’ rate
Monthly analysis
State-wise and city-wise rate
Not usually, the cost of crafting the jewellery and the Goods and Services Tax (GST) on it are separate.
Most banks and NBFCs offer up to 75% of the gold’s current market value as a loan. However, under RBI’s guidelines, gold loans up to ₹2.5 Lakhs can have an LTV of up to 85%. For 10 Tola gold, which is approximately 116.6 grams, the loan amount can vary based on the gold’s purity, current rate, and lender policies.
Since 1 tola equals ~11.66 grams, 1 kilogram (1000 grams) is approximately 85.75 tola, calculated by dividing 1000 grams by 11.66 grams per tola. This helps traders and investors compare weights easily across different measurement systems.
Tola is a traditional Indian and Pakistani weight measure. In English, it is commonly referred to as ‘Tola’ itself, as there is no exact equivalent, but it essentially represents ~11.66 grams in India. Historically, it served as a standard for measuring gold, silver, and other precious commodities.
Regional variations in 1 tola gold prices occur due to differences in local demand, supply chain costs, taxes, and state-specific levies. Festivals, cultural events, and regional economic activities also influence local pricing, leading to slight differences across cities.
1 tola equals approximately ~11.66 grams, making it a much larger unit compared to 1 gram. The price per tola is usually quoted for bulk transactions and is preferred for larger holdings or investments. In contrast, 1 gram is typically used for small purchases, jewellery, or detailed calculations, and its price is proportionally lower.
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