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Pure 24K gold is worth $1,125.94 per pavan. The pavan is the unit jewellers quote in across Kerala and Tamil Nadu, and the one most South Indian wedding purchases are actually priced in.
Prices last updated
| Purity | Gold content | Value per pavan |
|---|---|---|
| 24K | 100.0% | $1,125.94 |
| 22K | 91.7% | $1,032.12 |
| 21K | 87.5% | $985.20 |
| 18K | 75.0% | $844.46 |
| 14K | 58.3% | $656.80 |
| 10K | 41.7% | $469.14 |
Melt value only, before dealer margins. Other units: per gram, per troy ounce, per kilogram, per tola.
One pavan of pure 24K gold is worth about $1,125.94 at the current spot price of $4,377.60 per troy ounce.
Value scales with purity, so 18K gold is worth about $844.46 per pavan and 14K about $656.80, against $1,125.94 for pure 24K.
One pavan is exactly 8 grams, so a pavan rate is simply the gram rate multiplied by eight. It is also called a savaran, and sometimes an "sovereign" locally — not to be confused with the British gold sovereign coin, which contains about 7.32 g of pure gold. Because most South Indian jewellery is sold as 22K, the practical figure a buyer pays is 91.7% of the pure pavan value shown here, plus making charges.