A tola bar is a bar of precious metal, most commonly gold, that is measured in tolas. A tola is a traditional unit of weight from the Indian subcontinent, equal to about 11.66 grams or 3/8 of a troy ounce. They are traditionally made from high-purity gold, often 22 or 24 carats, which translates to a millesimal fineness of 999 (99.9% pure gold). Some modern tola bars can be even purer, reaching 999.9 (99.99% pure gold). Unlike larger gold bars, tola bars typically don't have serial numbers stamped on them. The 10 tola bar (weighing about 3.75 troy ounces or 116.6 grams) used to be the most popular size, especially for investment purposes.
Characteristics:
Size and Weight: They come in various sizes, but the most popular one is the 10 tola bar, which is roughly 3.75 troy ounces or 116.6 grams.
Purity: Traditionally made from high-purity gold, often 22 or 24 carats (999 or 99.9% pure). Modern tola bars can reach even higher purity (999.9).
Markings: Unlike larger investment-grade gold bars, tola bars typically don't have serial numbers. They may have the weight and purity stamped on them, along with the manufacturer's logo.
Use and Popularity:
Tola bars are primarily used for:
Investment: Their smaller size makes them accessible to a wider range of investors compared to larger gold bars.
Jewelry Making: They can be melted down and used as raw material for crafting jewelry.
Gifting: Gold tola bars are a common gift for weddings, religious festivals, and other special occasions in South Asian cultures.
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