Table of Contents
Use Grams as the Common Comparison Unit
A price quotation combines an amount of money with an amount of gold. Before comparing two prices, make the weights equivalent. Grams provide a practical common basis for a quotation per 10 grams, one tola or one troy ounce. Purity and currency must still match after the conversion.
| Weight selection | Equivalent grams |
|---|---|
| 1 gram | 1 |
| 4 grams | 4 |
| 8 grams | 8 |
| 10 grams | 10 |
| 12 grams | 12 |
| 100 grams | 100 |
| 1 tola, calculator convention | 11.6638038 |
| 1 troy ounce | 31.1034768 |
| 1 kilogram | 1,000 |
The troy-ounce conversion follows the NIST conversion table. The gram-based selections are direct metric quantities. Use the explicit tola convention shown here when reproducing the calculator’s figures.
Turn a Quoted Rate into a per-Gram Rate
Divide the quoted amount by its gram equivalent. A price per 10 grams is divided by 10; a per-tola amount is divided by 11.6638038; a per-troy-ounce amount is divided by 31.1034768. Then multiply the per-gram value by the weight required for your comparison.
Illustrative example: if a 10-gram reference is 2,000 currency units, its gram equivalent is 200. At that same purity, 4 grams is 800 and 8 grams is 1,600. A 7.25-gram item is 1,450. These figures demonstrate unit conversion and are not current gold prices.
One Tola and 12 Grams are Different Quantities
A 12-gram weight exceeds the calculator’s one-tola weight by 0.3361962 grams, or about 2.88% of a tola. Therefore, at an identical per-gram rate and purity, 12 grams has about 2.88% more metal value. Calling both weights one tola hides a measurable difference.
For several tolas, multiply the number of tolas by 11.6638038 first. Two tolas are 23.3276076 grams. Half a tola is 5.8319019 grams. Enter the exact gram weight when your invoice uses a measured quantity instead of a whole or fractional tola convention.
Troy Ounces and Ordinary Ounces
Precious-metal quotations use the troy unit identified in the price label. The ordinary ounce familiar from some everyday measurements is a different unit. Do not substitute an ordinary-ounce conversion into a gold quote labelled per troy ounce. If a quotation says only ounce, ask the publisher or dealer which unit it means.
Also check whether a product’s ounce description refers to total alloy weight or fine-gold content. A coin specification can state its contained fine gold separately. The purity guide explains how to avoid applying the purity fraction twice.
Tulam, Tola and the Measured Weight
In its gold-loan guidance, Manappuram Finance describes tulam as a traditional term also used for a tola, approximately 11.66 grams. This tool retains 11.6638038 grams for its tola conversion. An 8-gram article is a different weight. A traditional label on a quotation should therefore be accompanied by its measured gram amount.
When a seller uses a local name such as tulam, ask for the corresponding gram weight on that specific quotation. Use the written quantity, rather than assuming a familiar word always matches the calculator’s tola selection. Likewise, an 8-gram item should use the 8-gram option, whatever its product name.
Check what was weighed: the gold alloy, the whole stone-set item, or the packaged product. The conversion can be mathematically correct while the valuation is wrong if packaging or non-gold material is treated as gold.
Retain Precision until the End
Convert using the full available input, calculate the required weight, then round the final monetary value. If you repeatedly round the per-gram rate before converting to larger weights, the rounding difference is multiplied too. A publisher can also round its displayed tola and 10-gram columns separately.
Use the gold calculator to apply these conversions to the selected country’s dated reference.
FAQs
Does Changing the Weight Alter the Percentage Price Movement?
For the same series and purity, scaling both dates by the same weight changes the monetary amounts but leaves their percentage change unchanged. Changing the purity or source at the same time creates a different comparison.
Can I Combine Jewellery with Different Purities into One Weight?
Keep separate weights for each purity. Ten grams of mixed 18K and 22K items cannot be valued correctly by choosing one label for the entire group without first establishing its combined fine-gold content.