LIVE |
24K Gold ₹15,108 — 0.00% |
22K Gold ₹13,839 — 0.00% |
18K Gold ₹11,342 — 0.00% |
Silver ₹256 — 0.00% |
Platinum ₹6,241 — 0.00% |
Indicative rates
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Gold Rate Unit Converter

Convert today's rate to any unit — tola, sovereign, troy ounce, per 10g, per kg

Today's Live Gold Rates

10 May 2026

24K (999)

₹15,108

per gram

22K (916)

₹13,839

per gram

18K (750)

₹11,342

per gram

Silver

₹256

per gram

Rate Converter — Select Metal

₹ per gram
Unit Weight Rate (₹)

Rates are for reference only. Jewellery prices include making charges (6–30%) + 3% GST. Rates updated as per latest available data.

What is a Tola?

A tola (from Sanskrit tula, meaning balance/scale) is the traditional Indian gold weight unit equal to 11.664 grams. It was standardised under the Mughal empire as the weight of a silver rupee coin. Gold rates in North India, Gujarat, Rajasthan, and Pakistan are often quoted per tola. Banks like SBI used to issue gold bars in tola increments.

Formula: Rate per tola = Rate per gram × 11.664

What is a Sovereign?

A sovereign equals 8 grams of gold. It is the standard gold unit in South India — Tamil Nadu, Kerala, Andhra Pradesh, and Karnataka. The term comes from the British gold sovereign coin. Bridal jewellery sets in South India are weighed in sovereigns: a traditional Kerala wedding set may be "30 sovereign" (240 grams). Gold rates are quoted per sovereign at South Indian jewellers.

Formula: Rate per sovereign = Rate per gram × 8

Historical Context — Why Different Units?

1
Tola — Mughal era (pre-1947). The Mughal administration standardised the tola as the weight of the silver rupee. The British colonial government retained it. After independence, India gradually shifted to grams by law, but the tola persisted in trade for 75+ years.
2
Sovereign — British colonial period (1817–present). The British sovereign gold coin (7.32g pure gold, ~8g total) circulated widely in India. South Indian families saved sovereigns as a form of wealth. The 8-gram sovereign became the reference for gold trading across Kerala and Tamil Nadu where it remains the dominant unit.
3
Troy ounce — Medieval European origin. Named after the French town of Troyes, the troy weight system became the global standard for precious metals after the 15th century. International gold prices (LBMA, COMEX) are always in troy ounces. MCX in India converts this to per-gram for domestic trading.
4
Per 10 grams — Modern Indian media standard. Newspapers and TV channels began quoting gold per 10 grams in the 1980s as a consumer-friendly round number. The Legal Metrology Act mandates grams for commercial sales, so all jeweller invoices must use grams — but consumer quotations still commonly appear per 10 grams.

Frequently Asked Questions

Multiply the per-gram rate by 11.664. If 22K gold is ₹7,000 per gram, then per tola it is ₹7,000 × 11.664 = ₹81,648. This works for any metal — just multiply the per-gram rate by 11.664.

Multiply the 22K per-gram rate by 8 to get the sovereign rate. If 22K gold is ₹7,000/gram, then the sovereign rate is ₹56,000. South Indian jewellers also add making charges of ₹250–₹1,500 per sovereign depending on design complexity.

They are the same rate expressed differently. If a newspaper says ₹70,000 per 10 grams, the per-gram rate is ₹7,000. The Legal Metrology Act mandates grams for commercial transactions, but media often uses per-10-gram for consumer readability.

A troy ounce = 31.1035 grams. A regular (avoirdupois) ounce = 28.3495 grams. All international gold prices (COMEX, LBMA, MCX) use troy ounces. Never use a regular ounce for gold calculations.

Yes, silver is also traditionally quoted per tola (11.664g) in North India and per kg for bulk. Newspapers sometimes quote silver per kg. Our converter works for silver too — select silver and see the rate in all units simultaneously.