What is 1 Bhori Gold

Learn the conversion of 1 bhori of gold into grams and get accurate information on gold weight measurements and their equivalents.
APPLY
Gold loan
APPLY
3 mins
18 February 2025

Gold loans have become a popular financial solution for individuals in India seeking quick access to funds. Among the various units of gold measurement, "bhori" holds significant cultural and economic value, particularly in regions like Maharashtra and Gujarat.

This article delves into the concept of a gold loan in bhori, the price of 1 bhori gold in India, factors influencing its price, the calculation of its value, and the importance of bhori in gold loan transactions.

What is 1 Bhori Gold Price in India?

The term "bhori" is commonly used in regions like Maharashtra and Gujarat to measure gold. One bhori of gold is equivalent to 11.664 grams. The price of 1 bhori of gold in India fluctuates daily based on various market conditions. As of the latest market trends, the price is calculated by multiplying the current gold rate per gram by the weight of 1 bhori.

This price can vary significantly due to several factors including international gold rates, currency exchange rates, inflation, market demand and supply, and government policies.

International gold rates are influenced by global economic conditions, geopolitical tensions, and changes in interest rates. Currency exchange rates affect the cost of gold imports, as gold is traded internationally in US dollars. Inflation drives up gold prices as it is considered a safe-haven asset. Market demand peaks during festivals and wedding seasons, increasing prices. Lastly, government policies on gold import duties and taxes also impact the price of gold in India. Therefore, it's crucial to check the latest gold rates from reliable sources for accurate pricing.

Factors influencing the price of 1 bhori gold

The price of 1 bhori gold is influenced by several factors:

  1. International gold rates: Global gold prices play a crucial role in determining the price of gold in India. Factors such as geopolitical tensions, economic stability, and changes in international interest rates impact gold prices globally.
  2. Currency exchange rates: Since gold is traded internationally in US dollars, fluctuations in the USD/INR exchange rate affect the gold prices in India. A weaker rupee against the dollar leads to higher gold prices domestically.
  3. Inflation: Gold is often seen as a hedge against inflation. When inflation rates are high, the demand for gold increases, driving up its price.
  4. Market demand and supply: The basic economic principle of demand and supply significantly impacts gold prices. During festivals, weddings, and other occasions, the demand for gold spikes, leading to higher prices.
  5. Government policies: Import duties, taxes, and other government regulations related to gold imports and sales can influence its price. Policies promoting gold savings schemes or altering import duties can cause fluctuations.

Comparing 1 bhori gold with other gold measurement units

When comparing 1 Bhori of gold with other gold measurement units, it’s essential to understand the various units used in different regions. Bhori is commonly used in parts of India.

Measurement Unit

Region/Common Use

Equivalent to 1 Bhori

Gram (g)

International

11.66 grams

Tola

South Asian

1 Tola (as 1 Tola = 11.66 grams)

Ounce (oz)

Western countries

 0.375 ounces

Bhori

India, Bangladesh

1 Bhori

 

  • Gram (g): The most widely used unit for gold measurement worldwide. 1 Bhori is equivalent to 11.66 grams.
  • Tola: A traditional unit used mainly in South Asia. 1 Bhori equals 1 Tola, which is approximately 11.66 grams.
  • Ounce (oz): Commonly used in Western countries for gold and other precious metals. 1 Bhori is about 0.375 ounces.

Understanding these units and their conversions can help you navigate the gold market better, ensuring informed decisions when buying, selling, or investing in gold.

Usage of 1 bhori gold gram in jewellery making

In jewellery making, 1 Bhori of gold, equivalent to approximately 11.66 grams, is a common measurement unit in India and Bangladesh. This unit is particularly useful for creating intricate and lightweight pieces that are popular in traditional jewellery designs.

  • Versatility: 1 Bhori of gold is ideal for crafting small items such as earrings, pendants, and rings. Its weight allows jewellers to experiment with detailed designs without making the pieces too heavy or expensive.
  • Affordability: Using 1 Bhori of gold helps in managing the cost of jewellery. It allows customers to purchase highquality, beautifully crafted items without the high expense associated with heavier pieces.
  • Cultural significance: In many South Asian cultures, gold jewellery is an important part of wedding ceremonies and festivals. Using 1 Bhori gold is a practical choice for creating traditional jewellery pieces that are both culturally significant and economically feasible.

Overall, 1 Bhori of gold is a practical and widely used unit in the jewellery industry, balancing affordability and design intricacy.

Benefits of pledging 1 bhori gold gram for gold loans

Pledging 1 Bhori of gold, approximately 11.66 grams, for a loan against gold offers several advantages for individuals seeking quick access to funds secured by their gold jewellery.

  • Quick access to funds: Instant liquidity without extensive paperwork or credit checks.
  • Lower interest rates: Typically offers lower interest rates compared to unsecured loans.
  • Retain ownership: Borrowers retain ownership of their gold while using it as collateral.
  • Security: Provides a secure borrowing option backed by tangible assets.
  • Convenient process: Minimal processing time, ideal for meeting urgent financial needs.

Loan against 1 Bhori of gold is a practical financial solution, combining accessibility, affordability, and security, making it a preferred choice for many seeking immediate financial assistance without liquidating their gold jewellery.

How is gold loan interest rate associated with 1 bhori gold?

The interest rate for a gold loan associated with 1 Bhori of gold is influenced by factors like the today gold pledge rate, which reflects the current market value of gold. Generally, lenders determine the interest rate based on this rate and the purity and weight of the gold pledged. Higher purity and weight often result in lower interest rates due to lower risk for the lender. Conversely, fluctuations in today’s gold pledge rate can affect the interest rate offered. Borrowers can typically expect competitive rates for gold loans as they are secured by the pledged gold, providing lenders with assurance against default. This structure allows borrowers to access funds at favourable rates, making gold loans a viable option for meeting immediate financial needs while leveraging the value of their gold jewellery.

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Frequently asked questions

How many gram is in 1 bhori?

One bhori, a traditional unit of gold measurement commonly used in regions like Maharashtra and Gujarat, is equivalent to 11.664 grams. This unit is widely recognized and utilized in gold transactions, particularly for jewellery and gold loan valuations. Understanding the conversion is essential for accurately calculating the value of gold assets in terms of current market prices. For example, if the gold rate is ₹5000 per gram, the value of 1 bhori of gold can be determined by multiplying the rate by 11.664 grams, providing a clear and precise valuation for both buyers and lenders.

How much is 1 bhori of gold?

1 Bhori of gold typically equals approximately 11.66 grams. This measurement unit is commonly used in parts of India and Bangladesh to assess and trade gold, providing a standard reference for transactions and valuations in the region.

How to calculate gold in Bhori?

To calculate gold in Bhori, use a gold rate calculator. First, determine the weight of the gold in grams. Then, divide this weight by 11.66 (grams per Bhori) to find out how many Bhori units it equals. For instance, if you have 35 grams of gold, dividing by 11.66 gives approximately 3 Bhori. This method utilizes a gold rate calculator to convert gold weight into Bhori units, commonly used in India and Bangladesh.

Does the weight of 1 bhori vary across different places?

Yes, the weight of 1 bhori can vary across different places. In India, particularly in West Bengal, 1 bhori is typically equivalent to 11.66 grams. However, in other regions or contexts, the weight might differ slightly. It's important to verify the local standard or consult a reliable source when dealing with bhori measurements to ensure accuracy.

How do I convert 1 bhori to grams?

To convert 1 bhori to grams, use the standard conversion where 1 bhori equals 11.66 grams. This measurement is commonly used in parts of India, particularly in West Bengal. To ensure accurate conversion, always refer to the local standard or verify with a jeweller. For example, if you have 2 bhori, it would be 2 x 11.66 grams, which equals 23.32 grams.

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