Gold Price in Iceland per Tola

Gold price is updated at Wednesday 25 November 2020, 03:00 pm, GMT (Wednesday 25 November 2020, 03:00 pm, Reykjavik time)

1 Gold Tola = 91,868.37 Icelandic króna

The following table shows the latest gold price in Iceland in Icelandic króna (ISK) 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 Icelandic króna according to the latest exchange rates where 1 USD = 135.12 Icelandic króna.

Tola is a unit for weighing gold used in Jewelleries in Iceland. 1 Tola = 0.375 troy ounce, 1 troy ounce = 2.6666666666667 Tola. Today, Wednesday 25 November 2020 in Iceland, 1 Tola of gold = 91,868.37 Icelandic króna.

Commonly Used Gold Tola Karats in Iceland

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 Iceland 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, Wednesday 25 November 2020, the current price of gold Tola 24K in Iceland is 91,776.50 Icelandic króna.
• 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, Wednesday 25 November 2020, the current price of gold Tola 22K in Iceland is 84,151.43 Icelandic króna.
• 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, Wednesday 25 November 2020, the current price of gold Tola 21K in Iceland is 80,384.82 Icelandic króna.
• 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, Wednesday 25 November 2020, the current price of gold Tola 18K in Iceland is 68,901.28 Icelandic króna.
• 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, Wednesday 25 November 2020, the current price of gold Tola 14K in Iceland is 53,743.00 Icelandic króna.
• Karat 12 is also called (.500) and is 500/1000 pure. Practically, it is rarely used. Today, Wednesday 25 November 2020, the current price of gold Tola 12K in Iceland is 45,934.19 Icelandic króna.
• 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, Wednesday 25 November 2020, the current price of gold Tola 10K in Iceland is 38,309.11 Icelandic króna.
• Karat 9 is also called (.375) and is 375/1000 pure. Practically, it is sometimes used England and Canada. Today, Wednesday 25 November 2020, the current price of gold Tola 9K in Iceland is 34,450.64 Icelandic króna.
• Karat 8 is practically never used in USA and Asia. It is the minimum accepted standard in Europe. Today, Wednesday 25 November 2020, the current price of gold Tola 8K in Iceland is 30,592.17 Icelandic króna.