TOLA BAR
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
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:
Tola bars are usually of very high purity, often 99.99% (24 karat) pure gold. This level of purity makes them attractive to investors and collectors alike.
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.
These characteristics make tola bars a popular choice for both personal wealth preservation and investment in gold.
Benefits of Tola Bars
Tola bars offer several benefits, especially in regions where they are traditionally used and valued. Here are some key advantages:
1. Cultural Familiarity and Popularity:
Widely recognized in South Asia, the Middle East, and other regions, tola bars are culturally significant, making them a preferred choice for those familiar with the unit of measurement.
They are often gifted during weddings, festivals, and other important events, adding emotional and symbolic value to their ownership.
2. High Purity:
Tola bars are typically made of 99.99% pure gold (24 karat), offering a high degree of purity, making them an attractive option for investors seeking gold bullion with minimal impurities.
3. Liquidity and Tradability:
Because they are widely recognized and trusted, tola bars can be easily bought and sold in local markets across regions where they are popular.
The standard weight of 11.66 grams makes transactions straightforward, allowing for easier comparison and valuation.
4. Investment:
Tola bars offer a good store of wealth, particularly in countries where inflation or currency fluctuations are a concern. They serve as a reliable hedge against economic instability.
Smaller size (11.66 grams) compared to larger gold bars allows investors with modest budgets to accumulate gold over time.
5. Portability:
The relatively small size and weight of tola bars make them easy to transport, store, and manage. This portability adds to their appeal for people who want to keep physical gold assets.
6. No Capital Gains Tax (in some regions):
In certain countries, gold bullion may be exempt from capital gains taxes if held for a minimum period. This can make tola bars a more tax-efficient way to invest in gold, depending on the country’s regulations.
7. Security Against Inflation:
Like other forms of gold, tola bars provide protection against inflation and currency devaluation, helping investors preserve their wealth over time.
8. Lower Premiums Compared to Jewelry:
Tola bars typically carry lower premiums than gold jewelry, which can have higher markups due to craftsmanship and design costs. This makes them a more cost-effective way to invest in pure gold.
9. Easy Storage:
Due to their compact shape and weight, tola bars are easy to store in a safe or secure location, whether at home, in a bank locker, or in a secure vault.
These factors make tola bars a convenient, liquid, and culturally relevant option for investors and gold buyers in many parts of the world.
Why Choose Auriz Refinery?
Auriz Refinery is known for producing 99.99% pure (24 karat) gold tola bars. Our rigorous quality control ensures the highest standards in refining, making their bars trusted for purity and accuracy in weight. Each bar is typically stamped with certification marks, guaranteeing authenticity and purity.
