The pound sovereign, also spelt pawan savaran, pavan, or even paun is a unit of mass that is commonly encountered in India's gold industry. While it is technically equal to 7.98805 gms, it is usually rounded off to 8 grams. The carat is another unit encountered in the jewellery industry. 5 carats is the equivalent of 1 gm which makes 1 sovereign the equivalent of 40 carats.
What is 1 pound sovereign (or 1 pavan) in grams and carats?
Etymology of pavan/pawan
The sovereign is a British gold coin that used to be in wide circulation and weighed 7.988052 grams (although its gold content was lower at 7.322381 grams). Its value was set at 1 pound sterling which led to the term pound sovereign being used and later, being used to denote 8 grams. In India, the pound sovereign was later shortened to just pound and then colloquialised further to pawan (also spelt pavan). Its use is now largely confined to conversations about precious metals and gold in particular.
The half sovereign and double sovereign were also in circulation. When it was introduced in the early 19th century, the sovereign replaced the guinea as the standard British coin.