What is Tola?
A tola is the traditional South Asian unit for weighing gold and silver, equal to about 11.66 grams, and the unit in which gold rates are quoted in Pakistan.
Updated
Meaning
English
A tola is the traditional South Asian unit for weighing gold and silver, equal to about 11.66 grams, and the unit in which gold rates are quoted in Pakistan.
Roman Urdu
Tola sone aur chandi ka riwayati wazan hai, taqreeban 11.66 gram, aur Pakistan me sone ka rate isi me bataya jata hai.
Also called tola weight, gold tola.
Example
A customer buys a 5 gram ring of 22 karat gold. The jeweller converts the day's per-tola rate into a per-gram rate, applies it to the gold weight and adds making charges.
How it works
Sarafa markets and jewellers' associations announce the gold rate per tola (and per 10 grams) every day, usually for 24 karat, with lower rates for 22 and 21 karat. Jewellery itself is weighed in grams, mashas and rattis, so the jeweller converts between units on almost every bill. A tola is 12 mashas and a masha is 8 rattis.
Because the rate changes daily, a jeweller's stock is valued by weight, not by a fixed price. Bills should show the weight, karat, rate used and making charges separately, so the customer can check them and so old gold exchanges later are fair.
In Nafaa
The Nafaa jewellery pack keeps the day's metal rates, shows weights in grams or tola, and prices a piece at the counter from today's rate, its weight and karat, plus making charges.
Related terms
- Making Charges
Making charges are what a jeweller charges for the labour of making a piece, added to the value of the gold or silver in it.
