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A tola bar is a gold bar that is measured in tolas, an ancient South Asian unit of weight. Historically, a tola was used in India and surrounding regions to weigh precious metals like gold and silver. One tola is equal to 11.66 grams or approximately 0.375 troy ounces.

Tola bars are commonly traded in countries like India, Pakistan, and the Middle East. These bars are popular in gold markets for investment and personal savings. The purity of tola bars is typically very high, often 24 karats (99.99% pure gold), making them a preferred form of gold bullion in these regions.

Specifications of Tola Bars

These characteristics make tola bars a popular choice for both personal wealth preservation and investment in gold.

1. Weight:

A tola bar weighs 11.66 grams or approximately 0.375 troy ounces. This makes it distinct from other standard gold bars, such as those measured in grams or ounces

2. Purity:

A tola bar weighs 11.66 grams or approximately 0.375 troy ounces. This makes it distinct from other standard gold bars, such as those measured in grams or ounces

3. Shape:

Tola bars typically come in a rectangular shape, similar to other gold bars, though the design may vary slightly depending on the manufacturer.

4. Cultural Significance:

In South Asia and the Middle East, tola bars hold significant cultural value. Gold in tola bars is often gifted during festivals, weddings, and special occasions.

5. Branding:

Many tola bars are minted by reputable gold refineries and often carry the stamp of the refinery, guaranteeing their weight and purity. Popular brands include PAMP Suisse, Emirates Gold, and others.

6. Availability:

Tola bars are readily available in markets across India, Pakistan, and the Middle East, making them a commonly traded form of bullion in these regions.

7. Ease of Trade:

Due to their standard weight and purity, tola bars are widely recognized and easily traded in local gold markets and by investors looking for liquidity.

4. Cultural Significance:

In South Asia and the Middle East, tola bars hold significant cultural value. Gold in tola bars is often gifted during festivals, weddings, and special occasions.