Gold prices and Silver prices are on a high. For those of you who want to convert USD per ounce to Rupees per tola, multiply Gold prices in USD/Ounce by 14.5 to get Rupees/Tola rates. Today morning Gold was trading at USD 560/ounce, so equivalent Rupee/tola amount is 8120 Rupees/Tola. As silver is quoted in Rupees/Kilogram in India, but USD/Ounce internationally, the conversion multiplying factor is 1450. So silver quoting at 10.6 USD/Ounce today morning is Rs 15370 per Kilogram.

Note: To get multiplying factor for Gold, divide Dollar-Rupee Rate(Currently US Dollar trades at close to Rs 45) by 3.1 is 45/3.1=14.5

To get multiplying factor for Silver, Multiply Gold conversion factor by 100 ie 14.5 * 100 = 1450