Gold Calculator — Tola, Gram & Karat

1. Enter the quoted rate

   With the unit and purity that quote refers to.

2. We derive the pure-gold price

   Reduced to a price per gram of 24K gold.

3. Enter your holding

   Any unit, any karat.

4. See its value

   Only the pure gold content is priced.

One tola is about 11.664 grams, which is why converting a quoted per-tola rate to grams by dividing by twelve gives a number slightly out. Over a heavy piece that small error is real money.

Karat then adjusts for purity: 24-karat is pure, 22-karat about 91.6% gold, 21-karat 87.5%. A quoted 22-karat rate already reflects that, so applying a purity adjustment to a rate that includes one double-counts it.

The shop price is not the metal price

What a jeweller charges adds making charges, and often a margin on top of the association rate. When you sell back, making charges are not returned — you are paid for metal. That spread between buying and selling is the single biggest cost of holding gold as jewellery rather than as bullion or a certificate.

Which rate to use

For Zakat, the figure you want is what the metal would fetch today, not what you paid. For insurance or a valuation, the replacement figure including making charges is the relevant one. Same gold, different question, different number.

For the Zakat calculation itself, use the Zakat on gold and silver calculator.

Where this stops

Rates move daily and differ between cities. Use the current figure from your local jewellers' association or a dealer you trust, rather than a number remembered from last week.