Troy Ounce to Tola, Masha, Ratti — South Asian Gold Converter
This calculator translates between two of the world's most-used gold weight systems: the troy ounce (the international bullion standard at 31.1035 g) and the tola/masha/ratti scale (the South Asian standard, with 1 tola = 11.664 g). The conversion ratio is fixed: 1 troy ounce = 2.6667 tola = 32 masha = 256 ratti.
It is the calculation that wedding-gold importers, NRI investors, Dubai-Karachi remittance senders, and international bullion arbitrageurs run dozens of times a day — comparing the per-troy-oz international spot price against the per-tola Sarafa Bazar rate.
When to use this calculator
- NRI gold buying — compare US/UK bullion shop prices (per troy oz) against home-country tola prices.
- Bullion arbitrage — track the spread between LBMA troy-oz fixing and Karachi/Mumbai tola pricing.
- Coin collection valuation — sum mixed Krugerrand/Eagle/Maple Leaf holdings into tola-equivalent for South Asian portfolios.
- Inheritance distribution — convert international holdings to family-recognised tola units for fair division.
Bridging International and South Asian Gold Markets
The tola and the troy ounce are the two dominant gold weight units in the world's largest gold-consuming region. South Asian consumers account for roughly 40% of global gold jewellery demand (World Gold Council data), yet international spot prices are quoted per troy ounce while local retail transactions happen per tola. The conversion ratio of 1 troy oz = 2.6667 tola is one of the most frequently used calculations in the Dubai gold souk and in Karachi's Sarafa Bazar.
Dubai serves as the crossroads between the two systems. The DMCC uses troy ounces for institutional bullion contracts, while the Dubai Gold Souk (Deira) quotes retail jewellery per gram and per tola for South Asian and local customers. A trader quoting both must convert fluently in real time — which is precisely the use case this converter was built for.
For the reverse calculation (tola to troy ounces), use the tola to grams converter and then apply the 31.1035 g/troy oz ratio, or see the grams to tola converter for the full cross-reference table.
How the conversion works
Tola = Troy ounces × 2.6667. Masha = Troy ounces × 32. Ratti = Troy ounces × 256. Or in reverse: Troy oz = Tola × 0.3750. For 5 troy oz: 5 × 2.6667 = 13.333 tola (= 13 tola 4 masha).
Step-by-step calculation
Example: 3 troy oz of gold
- 1
Convert troy oz to tola
tola = troy oz × (31.1035 ÷ 11.664) = troy oz × 2.6667
3 × 2.6667 = 8.0000 tola exactly
- 2
Express as tola/masha/ratti
tola decimal → TMR
8.0000 tola = 8 tola 0 masha 0 ratti
- 3
Pure gold at 22K
pure tola = tola × (22 ÷ 24)
8.0000 × 0.9167 = 7.3333 tola = 7 tola 4 masha 0 ratti
- 4
Alloy mass
alloy = total − pure
8.0000 − 7.3333 = 0.6667 tola = 8 masha 0 ratti
Sample conversions
| Input | Result |
|---|---|
| 1 troy ounce | 2.6667 tola = 32 masha = 256 ratti |
| 5 troy ounces | 13.333 tola ≈ 13 tola 4 masha |
| 10 troy ounces | 26.667 tola ≈ 26 tola 8 masha |
| 0.5 troy oz (Krugerrand 1/2) | 1.333 tola = 1 tola 4 masha |
| 1 tola | 0.375 troy ounces = 11.664 g |
Quick Reference — Troy Ounces to Tola
| Troy Oz | Tola |
|---|---|
| 0.25 oz | 0.667 tola |
| 0.375 oz | 1.000 tola |
| 0.5 oz | 1.333 tola |
| 1 oz | 2.667 tola |
| 2 oz | 5.334 tola |
| 5 oz | 13.334 tola |
| 10 oz | 26.667 tola |
| 1 tola | 0.375 troy oz |
1 troy oz = 2.66664 tola exactly (31.1034768 ÷ 11.664). Most tables round to 2.6667.
Frequently asked questions
How many tola is exactly 1 troy ounce?
1 troy ounce = 2.66664 tola (31.1034768 ÷ 11.664). Most pricing tables round to 2.6667 tola; some further round to 2.67 for quick mental math. The calculator uses the exact ratio to avoid accumulated rounding errors on larger weights.
A South African Krugerrand is 1 troy oz — how much is that in tola?
A 1 oz Krugerrand contains 1 troy oz of pure gold = 2.6667 tola pure. Its gross weight is 33.93 g (alloyed at 22K/91.67% for hardness) = approximately 2.91 tola gross. The pure-gold tola equivalent is what determines melt value.
How do I compare a per-troy-oz international price with a per-tola Sarafa Bazar price?
Multiply: per-tola price (PKR) = (XAU/USD per troy oz × PKR/USD exchange rate) × (11.664 ÷ 31.1035). Or divide the per-troy-oz PKR price by 2.6667 to get per-tola. If the Sarafa rate differs by more than local import duty and margin (8–15%), something is mispriced.
Why do Pakistani jewellers use tola while international markets use troy ounces?
The tola system predates the international troy-ounce standard in South Asia and is deeply embedded in local law, ledgers and cultural practice (wedding jewellery, family inheritance). The troy ounce is dominant in international trade and futures markets. Both systems are in simultaneous use, making cross-conversion essential.
How many masha and ratti is 1 troy ounce?
1 troy ounce = 32 masha = 256 ratti (= 2.6667 tola × 12 masha/tola and × 96 ratti/tola). This exact ratio — 32 masha per troy oz — is a useful mental anchor for Sarafa Bazar traders quoting both systems.
What is the live per-tola gold rate in PKR if I know the USD/oz spot price?
Per-tola PKR = (XAU/USD spot) × (PKR/USD rate) × (11.664 ÷ 31.1035). Example: $4,000/oz at PKR 280/USD = 4,000 × 280 × 0.3750 = ₨420,000/tola (24K, spot-only, pre-duty). This calculator shows this live figure when you set your custom rate.
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