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The tola (Hindi: तोला / Urdu: تولا, romanized: tolā; also transliterated as tolah or tole) is a traditional Ancient Indian and South Asian unit of mass, now standardised as 180 grains (11.6638038 grams) or exactly 3⁄8 troy ounce. It was the base unit of mass in the British Indian system of weights and measures introduced in 1833 ...
The main commodities traded on the Exchange have been Gold, Silver and Crude Oil. There are various contracts in each. Gold has eight contracts namely Gold 1 ounce, Gold 100 ounce, Gold 1 Tola, Gold 50 Tola, Gold 100 tola, Gold Kilo, Gold 100 g, and Minigold 10 g. Tola gold and minigold are deliverable contracts.
40 sers = 1 maund (= 34 kg 8 hg 3 dag 5g 9 dg 2.6 cg /34.835926 kilograms) 1 rattī = 1.75 grains (= 0.11339825 gram/113 milligrams 398 1/4 micrograms 4 attograms ) (1 grain = 0.064799 gram) From 1833 the rupee and tolā weight was fixed at 180 grains, i.e. 11.66382 grams. Hence the weight of 1 maund increased to 37.324224 kilogram. [3]
A masha is a traditional Indian unit of mass, [1] now standardized as 0.972 grams (0.0343 oz). [citation needed] The essential unit of mass used in India included ratti, masha, tola, chattank, seer and maund. Grain is usually taken is rice. 8 grains of rice = 1 Ratti. 8 Ratti = 1 Masha. 12 Masha = 1 Tola. 5 Tola = 1 chatank. 16 chatank = 1 Saer.
For example, a 10% fall in the gold price to $540 per troy ounce ($17/g) will decrease that margin to $240, which represents a 20% fall in the mine's profitability, and possibly a 20% decrease in the share price. To reduce this volatility, some gold mining companies hedge the gold price up to 18 months in advance. This provides the mining ...
The World Gold Council estimates that all the gold ever mined, and that is accounted for, totals 187,200 tonnes, as of 2017 [3] but other independent estimates vary by as much as 20%. [4] At a price of US$1,250 per troy ounce , marked on 16 August 2017, one tonne of gold has a value of approximately US$40.2 million.
Additionally, the kilobar, weighing 1,000 grams (32.15 troy ounces), and the 100-troy-ounce (109.7-ounce; 6.9-pound; 3.1-kilogram) gold bar are popular for trading and investment due to their more manageable size and weight. [1] These bars carry a minimal premium over the spot price of gold, facilitating small transfers between banks and ...
Pakistan Mint. Valuation. Inflation. 11.8% (May 2024) The Pakistani rupee (ISO code: PKR) is the official currency in the Islamic Republic of Pakistan. The issuance of the currency is controlled by the State Bank of Pakistan. It was officially adopted by the Government of Pakistan in 1949.