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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.
The tola formed the base for units of mass under the British Indian system, and was also the standard measure of gold and silver bullion. [1] Although the tola has been officially replaced by metric units since 1956, [8] it is still in current use, and is a popular denomination for gold bullion bars in Bangladesh, India, Nepal, Pakistan and ...
The Sultanate of Delhi brought a degree of stability with its tri-metallic currency system and a long lasting silver to gold coin ratio of 10:1. Iltutmish established the jital as a billon coin containing 3.90 grains or 2 rattis of silver. The tanka was one tola, then 96 grains of silver, which, divided by 2, was made up of 48 jitals.
Custom duties are levied according to the rates given in the First Schedule, which includes: Goods imported to Pakistan; Goods purchased in bond from one custom station to another; Goods brought from a foreign country to any customs station that are trans-shipped or transported without the payment of duty to another customs station.
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. 40 ...
The Dow Industrials bottomed out a ratio of 1:1 with gold during 1980 (the end of the 1970s bear market) and proceeded to post gains throughout the 1980s and 1990s. [51] The gold price peak of 1980 also coincided with the Soviet Union's invasion of Afghanistan and the threat of the global expansion of communism. The ratio peaked on January 14 ...
[citation needed] The total revenue of the state in 1901 was 36-42 lakhs when the price of 1 tola gold is 20 British Rupee. [citation needed] In 1901, state's income was 6 lakhs and second part of its revenue was the collection of tax from other state's Nawabs and Maharajahs, who used the routes of Tanawal and Attock for visiting other countries.
In Reko Diq, Balochistan, deposits of copper and gold are present. Antofagasta, the company which possesses the Reqo Diq field, is targeting an initial production of 170,000 metric tons of copper and 300,000 ounces of gold a year. The project may produce more than 350,000 tons a year of copper and 900,000 ounces of gold.