Full formBusiness & Corporate
LTKstands forLakh Tola Kit
Full Form of LTK
What is LTK?
LTK stands for Lakh Tola Kit, a traditional unit of measurement used primarily in the Indian gold and jewellery trade. One tola equals approximately 11.66 grams, and a lakh tola represents 100,000 tolas, a quantity commonly referenced in wholesale bullion transactions. The term 'kit' signifies a standardized set or bundle of gold items, often used by jewellers and traders to quote bulk rates across Indian markets such as Mumbai's Zaveri Bazaar or Delhi's Dariba Kalan. The LTK concept simplifies large-scale pricing, allowing businesses to negotiate and settle deals without weighing individual pieces. It is also encountered in import-export documentation and commodity exchange reports. For students of commerce or business management, understanding LTK is relevant when studying Indian commodity derivative exchanges or jewellery industry supply chains. While not an official metric unit, LTK remains deeply embedded in India's cultural and economic fabric, especially during festive seasons like Diwali or Akshaya Tritiya when gold purchases surge. The term reflects how traditional practices coexist with modern financial systems in the country.
LTK का फुल फॉर्म
लाख तोला किट
Example
The wholesale dealer quoted the 24-carat gold price at ₹3.2 crore per LTK for the upcoming Diwali sale.
LTK — frequently asked questions
What is the full form of LTK?
The full form of LTK is Lakh Tola Kit, a traditional Indian unit of weight used in the gold and jewellery trade, where one tola equals approximately 11.66 grams.
How is LTK used in gold trading?
LTK is used by wholesalers and jewellers to quote bulk gold prices. For example, instead of quoting per gram for a large quantity, dealers state the rate per lakh tola (100,000 tolas) to simplify large transactions.
Is LTK a standard unit recognised by the Indian government?
While not an official metric unit, LTK is widely accepted in traditional Indian gold markets and is recognized commercially, especially in Mumbai's Zaveri Bazaar and other jewellery hubs.