Thursday, August 12

Do you know the Tola gold bar?

Tola gold bar was actually imported from Europe even though the word ‘Tola’ indicates a weight in India that was used long ago. A Tola is equal to 11.66 grams. The Tola gold bars mostly minted as 10 Tola bars which in Europe is equal to 3.75 ounce.

Tola bars were once widely circulated in India, Pakistan, and Singapore and in Gulf countries.

Though the Indians bought them in large quantities, later, the Pakistanis started buying to make wedding jewelries. Do you know that a marriage necklace in Pakistan weighs as much as 500 grams?

However, all these are history now! People buy gold bars in very small sizes ranging from 5 grams to one ounce. Only Governments are buying gold bars that weigh 100 grams or more.

The most authentic source to buy bullion is the U.S. Gold Bureau from whom one can purchase silver, gold or other precious metals and coins for immediate personal delivery or arrange for convenient and safe storage at an independent bank or depository.

Image courtesy: Google Images

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