Tulam (Tola) Gold Rate
Gold has always been a valuable asset, especially in India, where it holds deep cultural and financial significance. Whether for investment or jewelry, knowing the Tulam Gold Rate is essential for making informed decisions. In this article, we’ll explore the meaning of Tulam in gold measurement, factors affecting its price, the impact of GST, and frequently asked questions.
1 Tola = 11.66 grams | Price of 1 Tola (24K) = ₹120,800.72 | |
What is Tulam in Gold Measurement?
In many South Indian states, particularly Tamil Nadu and Kerala, gold is measured in Tulam, which is equivalent to 11.66 grams. This unit is commonly used in traditional jewelry transactions and is preferred by local buyers.
Today's Gold Price per Tola by Purity
Gold Purity (Karat) | Price per Tola (INR) |
24K Gold | ₹120,800.72 |
22K Gold | ₹110,733.99 |
18K Gold | ₹90,600.54 |
10K Gold | ₹50,333.63 |
8K Gold | ₹40,266.91 |
Factors Affecting Tulam Gold Rate
The price of gold fluctuates due to several factors, including:
- Global Gold Prices – International gold rates set by the London Bullion Market and other exchanges impact local prices.
- Exchange Rate – The USD-INR exchange rate affects gold prices since India imports a significant portion of its gold.
- Import Duties & Taxes – The Indian government imposes import duties and GST on gold, influencing the final retail price.
- Market Demand & Supply – Seasonal demand, such as during festivals and weddings, can increase gold rates.
- Local Jeweler Pricing – Jewelers may set their own pricing based on making charges, purity, and demand.
How to Check Today’s Tulam Gold Rate?
To get the latest Tulam Gold Rate, you can:
- Visit local jewelers' websites or showrooms.
- Check financial news websites for updated rates.
- Use online gold rate tracking tools or apps.
Impact of GST on Tulam Gold Rate
The introduction of GST in India has significantly impacted gold pricing. Here’s how:
- 3% GST on gold purchases directly increases the total price.
- 5% GST on making charges, making jewelry more expensive.
- Increased transparency and standardization in gold pricing across the country.
While GST has added to the overall cost, it has also helped in reducing unregulated gold transactions.
Understanding Tulam Gold Rate is essential for making informed gold purchases, especially if you are from South India. Always check live prices before buying, compare rates from different sources, and be aware of additional charges. Gold is not just an asset; it is a symbol of prosperity and security, making it crucial to buy it at the right price.
FAQs on Tulam Gold Rate
- How often does the Tulam Gold Rate change?
Gold prices fluctuate daily based on international markets and local factors.
- Where can I find the best Tulam Gold Rate?
You can compare prices from multiple jewelers, online gold tracking websites, and financial news portals.
- Is the Tulam Gold Rate different from regular gold rates?
No, the rate remains the same; only the measurement unit (11.66 grams) differs from grams or tolas.
- Does GST apply to old gold exchange?
GST is not applicable when exchanging old gold for new jewelry, but making charges will still be taxed at 5%.
- Should I invest in gold now?
Gold is a stable investment, but prices fluctuate. It’s advisable to track trends and buy during price dips.
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