Gold Price in Gibraltar per Tola

Gold price is updated at Saturday 08 May 2021, 12:00 am, GMT (Saturday 08 May 2021, 02:00 am, Gibraltar time)

1 Gold Tola = 490.98 Gibraltar Pound

The following table shows the latest gold price in Gibraltar in Gibraltar Pound (GIP) per Tola. The rates are updated every few minutes and are updated more frequently at times of strong price moves based on live spot gold price (Bid Price).

Gold prices per Tola are converted from USD to Gibraltar Pound according to the latest exchange rates where 1 USD = 0.71 Gibraltar Pound.

Tola is a unit for weighing gold used in Jewelleries in Gibraltar. 1 Tola = 0.375 troy ounce, 1 troy ounce = 2.6666666666667 Tola. Today, Saturday 08 May 2021 in Gibraltar, 1 Tola of gold = 490.98 Gibraltar Pound.

Commonly Used Gold Tola Karats in Gibraltar

Note: Do not be confused between the two terms of "Karat" and "Carat". Carat is a unit of weight for diamonds where 1 carat= 0.2 grams. While a karat is a unit of purity of gold where gold 18 karat means gold which is 18/24 pure i.e. the absolutely pure gold should be karat 24.

The following are commonly used Tola karats in Gibraltar as well as other countries:

• Karat 24 is also called (.999) and is 999/1000 pure. Practically, it is never used in making jewelleries in America and Europe but sometimes used in Asia. Today, Saturday 08 May 2021, the current price of gold Tola 24K in Gibraltar is 490.49 Gibraltar Pound.
• Karat 22 is also called (.916) and is 916/1000 pure. Practically, it is rarely used in making jewelleries in America and Europe but is commonly used in Asia. Today, Saturday 08 May 2021, the current price of gold Tola 22K in Gibraltar is 449.74 Gibraltar Pound.
• Karat 21 is also called (.875) and is 875/1000 pure. Practically, it is rarely used in making jewelleries except some countries in middle east. Today, Saturday 08 May 2021, the current price of gold Tola 21K in Gibraltar is 429.61 Gibraltar Pound.
• Karat 18 is also called (.750) and is 750/1000 pure. Practically, it is sometimes used in making jewelleries in America and Asia, and it is the most common in Europe. Today, Saturday 08 May 2021, the current price of gold Tola 18K in Gibraltar is 368.24 Gibraltar Pound.
• Karat 14 is also called (.585) and is 585/1000 pure. However, karat 14 should be 14/24 pure i.e. 583 but practically karat 14 is slightly higer in purity than this so it is called .585 and not .583. Practically, it is the most common in America and is sometimes used in Europe and rarely used in Asia. Today, Saturday 08 May 2021, the current price of gold Tola 14K in Gibraltar is 287.22 Gibraltar Pound.
• Karat 12 is also called (.500) and is 500/1000 pure. Practically, it is rarely used. Today, Saturday 08 May 2021, the current price of gold Tola 12K in Gibraltar is 245.49 Gibraltar Pound.
• Karat 10 is also called (.417) and is 417/1000 pure. Practically, it is sometimes used in Europe and never used in Asia. It is the minimum accepted standard in America. Today, Saturday 08 May 2021, the current price of gold Tola 10K in Gibraltar is 204.74 Gibraltar Pound.
• Karat 9 is also called (.375) and is 375/1000 pure. Practically, it is sometimes used England and Canada. Today, Saturday 08 May 2021, the current price of gold Tola 9K in Gibraltar is 184.12 Gibraltar Pound.
• Karat 8 is practically never used in USA and Asia. It is the minimum accepted standard in Europe. Today, Saturday 08 May 2021, the current price of gold Tola 8K in Gibraltar is 163.50 Gibraltar Pound.