Gold Price Per Tola
By Alex Capitol · Updated 2026-04-14 · Methodology
One tola of 24K gold is worth approximately $1,724 (₹147,000) at today's gold price. A tola is a traditional South Asian unit of weight equal to 11.664 grams (0.375 troy ounces), widely used for gold pricing in India, Pakistan, Bangladesh, Nepal, and parts of the Middle East.
Check the live gold price for the current spot value, or see gold price in Indian Rupees for live INR pricing.
Gold Price Per Tola — Conversion Table
| Karat | Purity | Gold Content per Tola | Price/Tola (USD)* | Price/Tola (INR)* |
|---|---|---|---|---|
| 24K (999.9) | 100% | 11.664g | ~$1,724 | ~₹147,000 |
| 22K (916) | 91.67% | 10.692g | ~$1,580 | ~₹135,000 |
| 21K (875) | 87.5% | 10.206g | ~$1,509 | ~₹129,000 |
| 18K (750) | 75% | 8.748g | ~$1,293 | ~₹110,000 |
Approximate values at gold spot ~$4,600/oz and USD/INR ~85. Indian retail prices include import duty (15%) and GST (3%), so actual jeweler prices are 18-20% above international spot. See gold price in INR for live converted prices.
What Is a Tola?
The tola (also spelled "tolah" or "tole") is a unit of weight originating from the British Indian measurement system. It was historically defined as the weight of a British Indian silver rupee coin.
| Fact | Value |
|---|---|
| 1 Tola | 11.6638 grams |
| 1 Tola | 0.375 troy ounces |
| Troy ounces per tola | 3/8 |
| Tolas per troy ounce | 2.6667 |
| Tolas per kilogram | 85.735 |
| Tolas per 10 grams | 0.8573 |
Where tola is used: India, Pakistan, Bangladesh, Nepal, Singapore, and parts of the Middle East. In India, gold is most commonly quoted per 10 grams, but tola remains used in wholesale markets, wedding purchases, and traditional jewelry shops — especially in North India.
Tola to Other Units
| From | To | Formula |
|---|---|---|
| 1 Tola → Grams | 11.664g | tola × 11.664 |
| 1 Tola → Troy Ounces | 0.375 ozt | tola × 0.375 |
| 1 Gram → Tola | 0.08573 tola | grams ÷ 11.664 |
| 1 Troy Ounce → Tola | 2.667 tola | troy oz × 2.667 |
| 10 Grams → Tola | 0.8573 tola | 10 ÷ 11.664 |
| 1 Kilogram → Tola | 85.735 tola | 1000 ÷ 11.664 |
Quick conversion: To get the gold price per tola from the per-ounce price, multiply by 0.375 (or divide by 2.667).
Example: Gold = $4,600/oz → Per tola = $4,600 × 0.375 = $1,725
For live calculations at any weight, use our gold price calculator.
Gold Price Per Tola: Historical Perspective
| Year | Gold/oz (USD) | Gold/Tola (USD) | Gold/Tola (INR, approx.) |
|---|---|---|---|
| 2000 | $275 | $103 | ₹4,600 |
| 2005 | $445 | $167 | ₹7,400 |
| 2010 | $1,225 | $459 | ₹21,000 |
| 2015 | $1,060 | $398 | ₹25,000 |
| 2020 | $1,770 | $664 | ₹49,000 |
| 2024 | $2,400 | $900 | ₹75,000 |
| 2026 | ~$4,600 | ~$1,725 | ~₹147,000 |
INR values are approximate and reflect both gold price changes and rupee depreciation against the USD over time.
Gold per tola has risen ~16x since 2000, driven by gold's price surge and the rupee's gradual depreciation. For year-by-year detail, see our gold price history.
Gold Buying in India: Tola vs 10 Grams
In modern Indian markets, gold is more commonly quoted per 10 grams than per tola. Here's how they compare:
| Unit | Weight | Price (24K)* | Where Used |
|---|---|---|---|
| 1 Tola | 11.664g | ~₹147,000 | Wholesale, North India, wedding purchases |
| 10 Grams | 10g | ~₹126,000 | Retail jewelers, MCX exchange, media reporting |
| 1 Gram | 1g | ~₹12,600 | Small purchases, online platforms |
Approximate retail prices in India (April 2026) including import duty + GST. International spot price would be ~15-18% lower.
Why Indian gold prices are higher than international spot:
- Import duty: 15% (as of 2024 budget)
- GST: 3% on gold value
- Making charges: 8-25% on top (for jewelry)
This means Indian retail gold trades at roughly 18-20% above the international spot price before any making charges. For the purest price comparison, track the international gold price and apply the premium.
Gold Jewelry Pricing Per Tola
When buying gold jewelry in South Asian markets, the price per tola includes:
| Component | Typical Range |
|---|---|
| Gold value (spot + import duty + GST) | ~₹147,000/tola (24K) |
| Making/fabrication charges | 8-25% of gold value |
| Wastage (material lost in crafting) | 2-7% |
| Hallmarking fee | ₹45/piece (BIS) |
Tips for tola-based purchases:
- Always check purity — Insist on BIS hallmarked jewelry (mandatory in India since 2021)
- 22K is standard — Most Indian jewelry is 22K (91.67% pure), not 24K
- Negotiate making charges — Gold value is fixed, but making charges are negotiable
- Get a receipt with weight — Ensure the receipt lists weight in grams, karat, and making charges separately
- Compare to spot — Use the live gold price to calculate the premium you're paying
Frequently Asked Questions
How much is 1 tola of gold? At current prices (~$4,600/oz), 1 tola (11.664g) of 24K gold is worth approximately $1,724 USD or ₹147,000 INR. For 22K gold (the most common purity for Indian jewelry), 1 tola is worth approximately ₹135,000 before making charges. Check the live gold price for the latest value.
How many grams is a tola? One tola equals 11.6638 grams, or precisely 3/8 of a troy ounce. This weight comes from the British Indian system — a tola was defined as the weight of one silver rupee coin. For other unit conversions, see gold price per gram.
What is the difference between tola and 10 grams? A tola (11.664g) is 16.6% heavier than 10 grams. When Indian media reports gold at "₹126,000 per 10 grams," the per-tola price is approximately 16.6% higher. Both are common in Indian gold markets, but 10 grams has become the more widely quoted standard in media and online platforms.
Why is gold priced differently in India? Indian gold prices include a 15% import duty and 3% GST on top of the international spot price. This means Indian gold trades at roughly 18-20% above global spot before jewelry making charges. Track the international spot price and gold in INR to compare.
Prices are derived from the international gold spot price and representative exchange rates. Indian retail prices include import duty and GST. Actual jeweler prices vary by location, purity, and making charges. This is not investment advice.