Gold is not only an investment avenue but is considered precious in India.
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Gold is weighed in tola in India. One tola is equal to 10 grams. So, if you buy 20 grams of gold in India, it will be 2 tolas.
The tola is a traditional unit of weight that has been used in India for centuries. It is believed to have originated in the Middle East and was brought to India by the Mughals. The tola is still widely used in India today, especially for weighing gold and silver.
In addition to the tola, gold can also be weighed in grams and troy ounces. However, the tola is the most common unit of weight used for gold in India.
When buying gold in India, it is important to check the purity of the gold. The purity of gold is measured in carats. 24 carat gold is the purest form of gold, but it is also the softest. It is not usually used for jewelry because it is too easy to damage. 22 carat gold is the most common form of gold used for jewelry in India. It is 91.66% pure gold.
The gold should also be hallmarked. Hallmarking is a government-mandated process that ensures the purity of gold. The hallmark will show the carat weight of the gold and the name of the assaying center that certified its purity.
When buying gold in India, it is important to do your research and buy from a reputable dealer. You should also ask for a receipt that shows the weight, purity, and price of the gold.