Gold Rate in Pakistan Today

Pakistan has no government-set gold price. The daily rate comes from trade associations of gold dealers, known as Sarafa associations, mostly in Karachi. The Competition Commission of Pakistan (CCP) calls the Karachi Sarafa Association the main unofficial rate-setter in its November 2025 study of the gold market. It also notes that daily rates are driven largely by associations rather than by an open, transparent market.

Investify follows two Karachi sources, because they are the two series most often quoted.

• The Karachi Sarafa board. A live board with a buying price (bid) and a selling price (ask) for one tola of 24K gold. It is published online by gold.pk, which credits it to the Karachi Saraf Jewellers Association. It changes a few times on a trading day, whenever dealers revise it.
• The announced daily rate. The All Pakistan Gems and Jewellers Sarafa Association (APGJSA) announces one rate a day, usually in the afternoon. This is the number newspapers and TV channels report, such as Rs 420,536 per tola on October 30, 2026.

A rate usually reaches the public in four steps.

1. Dealers in the Karachi Sarafa Bazaar follow the international gold price and the dollar rate through the day.
2. The associations set their rates from those prices and from local demand and supply, then publish them.
3. News outlets, price websites and jewellers across the country pass the rate on.
4. Shops in other cities follow the Karachi benchmark, then add their own charges.

Associations in Punjab also circulate voluntary price guidance, and the CCP notes that they sometimes disagree with Karachi bodies on pricing norms. Investify follows the Karachi series because the CCP identifies Karachi as the benchmark centre. See how the price is calculated.

The Pakistani rate is built from the world price. It starts with the international spot price of gold in US dollars per troy ounce. That is converted to rupees and then scaled down to one tola. Because of this, a weaker rupee raises the local price even when the dollar price does not move.

1. Take the international gold price per troy ounce, in US dollars.
2. Add the premium. Business Recorder and Aaj have reported the rate as the international price plus $20 per ounce.
3. Convert to rupees at the association's dollar rate.
4. Multiply by 0.375, because one tola is three eighths of a troy ounce.
5. Work out 22K, 21K, 18K and the 10 gram price from the 24K tola rate.

Every other figure is arithmetic. 22K is the 24K rate × 22 ÷ 24, and 21K and 18K work the same way. The 10 gram price is the tola rate × 10 ÷ 11.6638038. Investify also shows a world price for 24K gold per tola, which uses the spot price and the USD/PKR market rate with no premium, so it will not match the association's figure. Your jeweller then adds making charges and wastage, covered in buying and selling.

Search for today's gold rate and you will see several numbers, sometimes Rs 10,000 apart. Most of the difference comes from four things.

• Two different series. The Karachi Sarafa board and the APGJSA announced rate are separate. They move together but they are not the same number. Why two gold rates compares them live.
• Timing. The board changes through the day, while the announced rate is set once. After a sharp move in world prices, the board can sit several thousand rupees away from the last announcement until the next one. On the morning of October 31, 2026, the board was at Rs 407,500 after Friday's fall in world gold, while the last announced rate, from October 30, was Rs 420,536.
• Calculated pages. Some sites multiply the international price by the dollar rate and call the result a Pakistani rate. That is the world price, not what Sarafa dealers charge.
• Shop prices. The price on a tag adds making charges and wastage to the gold value, so two shops can quote different totals for the same piece on the same day.

Do cities have different rates? For the base 24K rate, barely. The CCP says markets in Lahore, Peshawar and Islamabad generally follow the Karachi benchmark, with slight regional variation. Many city tables online simply repeat the Karachi rate or add small fixed amounts, so Investify shows the Karachi benchmark instead of inventing city quotes.

Why a shop's price is higher. A bill is the gold rate times the weight, plus making charges, wastage and any tax. Ask for each line separately, as described in buying and selling.

A Sarafa bazaar is a market of gold dealers, goldsmiths and jewellers, usually in the old part of a city. The CCP describes the Sarafa bazaars in Karachi and Lahore as the largest wholesale hubs for gold in Pakistan. It also says small informal workshops in Karachi, Lahore and Gujranwala dominate refining.

Dealers in all of these markets work from the same Karachi benchmark. What changes from shop to shop is the making charge, the wastage and how the bill is written. A big market is useful because you can compare several shops within a few minutes' walk.

Gold in Pakistan is sold by the tola and by the gram. Dealers also use the older divisions masha and ratti. The usual tola is 11.6638 grams, which is 180 troy grains and exactly three eighths of a troy ounce.

To convert by hand, divide grams by 11.6638 to get tola, or multiply tola by 11.6638 to get grams. A masha is a tola divided by 12. The calculators on this page do the sum for you at today's rate.

Karat (written K, and called carat or qirat in Urdu) is the gold content out of 24 parts. 24K is almost pure gold. Lower karats are mixed with other metals, which makes the gold harder and cheaper per gram. Fineness is the same idea written in parts per thousand, and it is the number often stamped on a piece.

What Pakistan sells. 24K is soft, so it is sold mostly as bars, biscuits and coins. In jewellery, 22K and 21K are the karats you will see most, and 18K is common for lighter and gem-set pieces. Rate boards show 24K, 22K, 21K and 18K.

22K or 21K? 22K holds about 4.8% more gold per gram than 21K (22 ÷ 21), so it costs about that much more per gram. Lower-karat gold has more alloy, which generally makes it a little harder wearing.

Hallmarking is voluntary and patchy. The CCP's November 2025 study found only three PSQCA-certified assay centres in the whole country and described enforcement of hallmarking as limited and uneven. It also points to adulteration and karat misrepresentation as widespread problems. A stamp on a piece is only as reliable as the maker who applied it.

• XRF (karat meter). A handheld scanner that reads the karat in seconds using X-rays. It reads only the outer layer, so heavy plating can mislead it.
• Fire assay. The reference method in a laboratory. It requires destroying a small sample, so it is a lab test rather than a test at the shop counter.

The Sarafa rate is the price of the gold. What you pay at the counter is that rate times the weight, plus extra charges. Know each line before you agree.

• Making charges (also called mazdoori or banwai). The fee for crafting the piece. The CCP reports that these run from about 5% to 20% over the gold weight, depending on the craftsmanship, the brand and the trader. Jewellers quote them as a percentage, as rupees per gram or as rupees per tola.
• Wastage. Gold lost while shaping and finishing a piece. Some jewellers charge it as a percentage of the weight. Ask for it as a separate line.
• Tax. Ask whether any tax is included and see it written on the bill.

Before you buy, work through this list.

1. Check today's rate on this page and note the rate for your karat.
2. Ask for the price in three lines: gold value (weight × rate), making charges and wastage. Compare two or three shops.
3. Have the piece weighed in front of you and the weight in grams written on the receipt. For stone-set pieces, ask for the stone weight to be listed separately, because stones are not priced as gold.
4. Get the karat written on the receipt. If you want proof, ask for a test on the spot.
5. Ask for the buy-back rule in writing: what the shop deducts if you sell the piece back.
6. Keep the receipt. It is your proof of weight, karat and price.

Selling old gold. In general, a jeweller weighs the piece, tests its purity and pays the rate for the gold it contains. Making charges are usually not paid back, and many shops deduct them or part of the wastage. We found no published standard deduction, so ask for the exact figure before you agree and compare two or three buyers.

Bars, biscuits and coins or jewellery? Bars, biscuits and coins are usually 24K and normally carry far lower charges than jewellery, so more of your money goes into the gold itself. Jewellery costs more per gram because of making charges and wastage, and you recover less of that when you sell. Because small workshops dominate refining, ask who made a bar and whether it comes with an assay certificate.

The figures below are the ones used in Hanafi fiqh, for example in a Darul Uloom Deoband fatwa. Please confirm your own case with a scholar you trust, because rules differ between schools and depend on what else you own.

1. Add up what counts: gold, silver, cash and savings, and business stock. A Darul Uloom Deoband fatwa says that gold is added to cash and that the silver nisab applies when gold and silver are held together.
2. Value your gold at today's rate for its karat: weight in tola × 24K rate × karat ÷ 24.
3. If the total is at least the nisab and you have held it for a lunar year, zakat is 2.5% of the total.

Jewellery. Scholars differ on whether jewellery that is worn is subject to zakat. Scholars following the Hanafi school count it, and others do not. Ask a scholar you trust.

Use the zakat calculator on this page to value your gold and silver at today's live rates.

Gold can be held in several ways, each with different costs, risks and rules. Below is a plain description of each. It is information, not advice to buy or sell.

• Bars, biscuits and coins. Gold you hold yourself, usually 24K. Pricing follows the Sarafa rate. Storage and safety are your responsibility. Buy from a dealer you trust and keep the receipt.
• Jewellery. Gold you wear and keep as savings. Making charges and wastage mean you pay more than the gold value and may recover less when you sell.
• PMEX gold futures. Contracts on the gold price traded on the Pakistan Mercantile Exchange, the country's regulated commodity futures exchange. Futures are leveraged and risky, and a futures price is not the cash Sarafa rate. Check each contract's size and rules with PMEX or a broker.
• Meezan Gold Fund. A Shariah-compliant open-end fund from Al Meezan, launched in 2015, that aims to give exposure to the gold price. Check its current subscription status with the fund, because new units have been paused in the past.
• Tokenised gold. Digital tokens backed by physical gold. In May 2025 Fasset launched gold tokens under the SECP regulatory sandbox. A sandbox licence is a limited test authorisation, not a full licence.

At our last review (the date is under Sources and method), no gold ETF was listed on the Pakistan Stock Exchange.

The milestones below are 24K rates per tola, taken from press reports of the announced daily rate. The chart and yearly table higher up this page use Investify's own stored history.

Records. The record rate is Rs 572,862 per tola, set on January 29, 2026. The largest fall between two announcements is Rs 43,600, from March 20 to March 23, 2026. Internationally, Reuters reported an intraday record of $5,594.82 per troy ounce for spot gold on January 29, 2026.

What moves the price. Several things move the local rate, and they often act together.

• The world gold price. The base of the Pakistani rate, as shown in how the price is calculated.
• The rupee. A weaker rupee raises the rupee price even when gold in dollars is flat.
• Global interest rates and the dollar. These shape the dollar price of gold.
• Wedding season and Eid. The CCP says about 70% of demand is driven by weddings and festivals.
• Duties and smuggling. Duties change the cost of legal supply. According to the CCP, tighter controls on smuggling can shrink supply and push prices up, while inflows of smuggled gold can hold official rates down.