Pakistan Bullion Market
Gold & Silver Rate in Pakistan Today
Live 24K, 22K, 21K, 18K gold and silver price per tola & gram — tracking the Karachi Sarafa Bazaar benchmark, refreshed automatically every 30 minutes.
Gold & Silver Value Calculator
This calculator uses the live rate above and updates instantly as you type — no page reload needed. It does not include jeweller making charges, which are added separately.
Today’s Full Gold & Silver Rate Table
The table below breaks down today’s gold price in Pakistan across every commonly traded purity and weight unit, plus silver. Figures update automatically every 30 minutes; the timestamp above always shows exactly when the numbers were last pulled.
| Karat | Purity | Per Tola | Per 10 Gram | Per Gram | Per Ounce |
|---|---|---|---|---|---|
| 24K | 99.9% | … | … | … | … |
| 22K | 91.6% | … | … | … | … |
| 21K | 87.5% | … | … | … | … |
| 20K | 83.3% | … | … | … | … |
| 18K | 75.0% | … | … | … | … |
| 14K | 58.3% | … | … | … | … |
| Silver | 99.9% | … | … | … | … |
Rates shown are indicative and based on Sarafa market benchmarks. Dealers and jewellers may apply a small premium or discount. Prices exclude making charges on jewellery. Always confirm the exact rate with your dealer before a transaction.
Understanding the Gold Rate in Pakistan Today
Gold occupies a place in Pakistani households that few other assets can match. It is a wedding gift, a retirement cushion, a hedge against a weakening rupee, and — for many families — the only form of savings that has reliably kept pace with inflation over the past decade. That is exactly why the question “what is the gold rate in Pakistan today” is typed into search engines thousands of times every single day, from Karachi’s Saddar bullion market to a jewellery shop counter in a small town in Punjab.
Unlike the price of everyday goods, the gold rate is not set by any single shop or company. It moves in near real time with the international bullion market, and it is formally announced each day in Pakistan by trade bodies such as the All Pakistan Sarafa Gems & Jewellers Association, whose Karachi chapter effectively sets the benchmark that jewellers across the country follow. On an average day the rate can change once; on a volatile day, driven by a sudden move in the US dollar or global gold futures, it can be revised two or three times before the market closes in the evening.
This page exists to answer that daily question as simply and accurately as possible — not just with a number, but with the context behind it: why the rate is what it is today, how it differs by karat and city, how it has moved over the past several years, and how to use it correctly whether you are buying jewellery, investing in bullion, or calculating Zakat.
Gold Rate by Karat: 24K vs 22K vs 21K vs 18K Explained
Every gold rate you see quoted is tied to a specific karat, and understanding this is the single most useful thing you can learn before buying gold in Pakistan. The karat number describes purity out of 24 parts — 24 karat gold is, in principle, pure gold, while lower karats mean the metal has been alloyed with silver, copper or zinc to make it harder and more suitable for everyday jewellery.
24 Karat (99.9% pure)
This is investment-grade gold — the standard used for gold bars, coins, and digital gold products. It carries the highest price per tola of any karat because there is essentially no other metal diluting its value. It is too soft for most jewellery designs, which is why it is rarely used for rings, bangles or sets that need to hold their shape.
22 Karat (91.6% pure)
The traditional standard for fine jewellery in South Asia, including much of the ornate bridal jewellery sold in Pakistan. It strikes a balance between a rich, deep-yellow colour and enough hardness to be worked into detailed designs.
21 Karat (87.5% pure)
The most commonly sold karat in Pakistani jewellery shops today. It is slightly more durable than 22K and slightly cheaper per tola, which is why the majority of everyday gold sets, chains and bangles sold in local markets are stamped 21K.
18 Karat and Below
18K, 14K and 12K gold contain progressively less pure gold and more alloy metal. They are more scratch-resistant and often used in Western-style jewellery, gold-plated items, or pieces meant for daily wear where durability matters more than purity.
A useful rule of thumb: to estimate any karat’s price from the 24K rate, multiply the 24K per-tola price by the karat’s purity percentage. Use the calculator near the top of this page to do this instantly for any quantity.
Gold Rate in Major Cities of Pakistan
Gold is a nationally traded commodity, so the difference between cities is usually small — a few hundred rupees per tola at most, caused by transport costs, local demand and how quickly an individual shop updates its board after the Karachi benchmark moves. Karachi’s Sarafa Bazaar effectively sets the reference point that the rest of the country follows within the same day.
| City | 24K / Tola | 22K / Tola | Typical Variance |
|---|---|---|---|
| Karachi | Rs 428,000 | Rs 392,330 | Reference / benchmark |
| Lahore | Rs 428,000 | Rs 392,330 | ±Rs 200–500 |
| Islamabad | Rs 428,200 | Rs 392,510 | ±Rs 200–500 |
| Rawalpindi | Rs 428,200 | Rs 392,510 | ±Rs 200–500 |
| Faisalabad | Rs 427,900 | Rs 392,050 | ±Rs 200–500 |
| Multan | Rs 427,900 | Rs 392,050 | ±Rs 200–500 |
| Peshawar | Rs 428,300 | Rs 392,600 | ±Rs 300–600 |
| Quetta | Rs 428,500 | Rs 392,800 | ±Rs 300–700 |
If you are comparing rates between two cities before a purchase, treat the Karachi figure as the anchor. A difference of a few hundred rupees per tola is normal and reflects logistics rather than a different quality of gold. A difference of several thousand rupees, on the other hand, is worth questioning with the dealer.
How Gold Prices Are Calculated in Pakistan
The rate you see quoted locally is the end of a short chain that starts on the international bullion market. Understanding each link makes the daily number far less mysterious.
- International spot price. Gold trades globally in US dollars per troy ounce, on markets referencing London (LBMA) and New York (COMEX) benchmarks. This is the starting point for every country’s local price, including Pakistan’s.
- USD to PKR conversion. The international ounce price is converted into Pakistani rupees using the prevailing interbank USD/PKR exchange rate. Because the rupee moves independently of gold, a weaker rupee alone can push the local gold rate higher even when the dollar gold price is flat.
- Unit conversion. The converted rupee price is recalculated from troy ounces into tola, the unit traditionally used in Pakistan. One tola equals roughly 11.664 grams, while one troy ounce equals 31.1035 grams.
- Local premium and duty. A small margin is added to cover import duty, dealer costs and local market demand. This is why Pakistan’s quoted rate typically sits slightly above a pure mathematical conversion of the international price.
- Sarafa Association announcement. Trade bodies formally announce the day’s rate, which retailers across the country then reference, sometimes adjusting slightly for their own costs.
This is also why gold prices can move even on days when nothing appears to be happening in Pakistan itself — a shift in US interest rate expectations, a geopolitical event, or a swing in global investor sentiment toward safe-haven assets can move the international price, and that move is reflected locally within hours.
Gold Price Trend in Pakistan: The Last Five Years
Looking at gold’s trajectory over several years helps explain why so many Pakistani households treat it as a savings vehicle rather than just an ornament. The figures below are approximate year-end levels for 24K gold per tola and are intended to illustrate the general trend rather than serve as exact historical records.
| Year | Approx. Rate (24K/Tola) | Approx. Change YoY |
|---|---|---|
| 2021 | ~Rs 100,000 | — |
| 2022 | ~Rs 155,000 | +55% |
| 2023 | ~Rs 205,000 | +32% |
| 2024 | ~Rs 275,000 | +34% |
| 2025 | ~Rs 350,000 | +27% |
| 2026 (current) | ~Rs 428,000+ | +22% |
Two forces have driven this climb: a genuine rise in the international gold price as investors sought a hedge against inflation and global uncertainty, and a separate, steady depreciation of the Pakistani rupee against the US dollar. Both effects compound on top of each other in the local rate, which is part of why gold has outpaced many other local savings options over the same period.
Buying Gold in Pakistan: Jewellery vs Investment-Grade Gold
Most people in Pakistan first encounter the gold market through jewellery, but it is worth separating two very different motivations before you buy: adornment and investment. Both are legitimate reasons to purchase gold — they simply call for different products.
If you want to wear it
21K and 22K jewellery remains the standard choice. Expect to pay the base metal rate plus making charges, which can add anywhere from 10% to 25% depending on the intricacy of the design. Ask for a receipt that separately states the gold weight, karat and making charge — this protects you if you ever need to resell or exchange the piece.
If you want to save or invest
24K gold bars, coins, or bank-facilitated digital gold products carry a much smaller premium over the raw metal price, since there is no design or labour cost involved. Several Pakistani banks now offer gold-linked savings accounts, and the Pakistan Mercantile Exchange (PMEX) provides a regulated venue for those who want exposure to gold price movements without holding physical metal. Silver is also worth considering as a lower-cost entry point into precious metals — see the live silver rate in the calculator above.
What to keep in mind either way
- Gold and silver do not pay dividends or interest — their return comes purely from price appreciation.
- Buy from licensed, reputable dealers and insist on purity certification or hallmarking.
- Physical metal needs secure storage; factor in a locker or safe if you are buying in meaningful quantity.
- Spread purchases over time rather than committing a large sum on a single day, to reduce the impact of short-term price swings.
This section is general information, not personal financial advice. Speak with a licensed financial advisor before making a significant investment decision.
Zakat on Gold in Pakistan: Nisab & Calculation
Because gold is one of the most common zakatable assets in Pakistan, this page is also a starting point for working out your Zakat obligation. The rules below reflect the standard, widely-followed approach; specific rulings can vary between schools of thought, so consult a scholar for guidance on your personal situation.
The Nisab threshold
Zakat on gold becomes obligatory once your total qualifying gold reaches 7.5 tola (87.48 grams) and has remained in your possession for one full lunar year (Hawl). This applies whether the gold is jewellery you wear regularly or gold kept purely as savings — most scholars in Pakistan include worn jewellery in the zakatable total.
The calculation
Once you are above Nisab, Zakat is 2.5% of the current market value of your gold, using today’s rate rather than the price you originally paid. Use the calculator near the top of this page to find today’s value of your gold, then multiply by 2.5%:
Zakat Due = Total Gold Weight (in tola) × Today’s Rate per Tola × 0.025
Worked example: if you hold 10 tola of 22K gold and today’s 22K rate is Rs 392,330 per tola, your gold’s value is Rs 3,923,300. Multiplying by 2.5% gives a Zakat obligation of Rs 98,082 for that holding, before combining it with any other zakatable cash, savings, silver or business assets you own. Silver has its own, lower Nisab threshold (612.36 grams) if you are calculating Zakat on silver holdings separately.
How We Verify Today’s Rate: The Sarafa Process Explained
Every rate published on this page goes through the same verification chain used across Pakistan’s bullion trade, so readers can understand exactly why the number can be trusted rather than simply taking it on faith.
Each trading day, representatives of the Sarafa (bullion dealers’) market in Karachi meet to fix a reference rate based on the overnight and intraday movement of international gold. This is not a single shopkeeper’s opinion — it is a collective benchmark that thousands of jewellers, from large chain stores to single-counter family shops, use as their starting point before adding their own margin. Similar, smaller Sarafa committees operate in other major cities, but they almost always track the Karachi figure within a tight band.
On this page, that Sarafa benchmark is cross-checked against the live international spot price for gold (XAU) and silver (XAG), converted through the current USD/PKR exchange rate. When both figures broadly agree, we treat the rate as confirmed. When international prices are moving unusually fast — for example during a major economic announcement — this page updates more frequently within the same day to keep pace, rather than waiting for the next scheduled refresh.
Why this matters for you
Understanding this process means you are never simply trusting “a number on a website.” You can independently verify it: check the day’s international gold price in USD, check today’s USD/PKR rate, and you can broadly reconstruct the figure yourself. That transparency is deliberate — a page that asks you to trust a rate with your money should be able to show its work.
Gold Purity Verification: Hallmarking & Karat Testing in Pakistan
Knowing today’s rate is only half the picture — the other half is making sure the gold you are buying actually matches the karat it is sold as. Pakistan has moved steadily toward mandatory hallmarking in recent years, and understanding the basics protects you from both honest mistakes and deliberate misrepresentation.
What hallmarking means
A hallmark is a small, officially recognised stamp applied to a piece of jewellery or a bar, certifying its purity after testing by an accredited assay office. In Pakistan, hallmarking has increasingly become a requirement for gold sold through registered jewellers, particularly in larger urban markets. A hallmarked piece typically carries a mark indicating the karat (for example “21K” or “916” for 22K’s millesimal equivalent) alongside the assay house’s own identifying mark.
Simple checks before you buy
- Look for the stamp. Genuine jewellery usually carries a small, legible karat stamp, often on the clasp or an inconspicuous edge.
- Ask for a weighing in front of you. Reputable jewellers will weigh the piece on a calibrated scale while you watch.
- Request an itemised receipt. It should separately state gross weight, karat, metal rate used, and making charges — not just a single lump-sum figure.
- Be cautious of prices significantly below the day’s rate. A price that looks too good against today’s published rate is a signal to ask more questions, not a reason for excitement.
If you are making a large purchase, some assay offices and larger jewellers offer independent testing (such as acid testing or electronic karat meters) for a small fee — a reasonable precaution for high-value transactions.
Making Charges in Pakistan: What’s Normal to Pay?
Making charges — the labour cost of turning raw gold into a finished piece — are one of the most misunderstood parts of a jewellery purchase, and they are entirely separate from the metal rate shown on this page.
As a rough guide, simple, machine-made pieces such as plain bangles or chains often carry making charges in the range of 7% to 12% of the metal value. Hand-finished or intricately designed bridal sets, on the other hand, can carry making charges anywhere from 15% up to 25% or more, since they require significantly more skilled labour. Charges also vary by city and by the individual jeweller’s positioning — a well-known bridal-jewellery specialist in a major mall will typically charge more than a neighbourhood jeweller for a comparable design.
A useful habit: always ask your jeweller to quote making charges as a percentage or a flat rupee figure separately from the metal cost, rather than accepting a single combined number. This lets you compare offers between shops on a like-for-like basis, and it lets you use the live rate table on this page to sanity-check the metal portion of any quote you receive.
Glossary: Common Gold Market Terms in Pakistan
Tola
The traditional South Asian unit of weight used for gold and silver trading in Pakistan, equal to roughly 11.664 grams.
Sarafa
The traditional bullion and jewellery trading market; also used to refer to the trade association that announces the daily reference rate.
Spot Price
The current international market price for immediate delivery of gold or silver, quoted in US dollars per troy ounce.
Nisab
The minimum threshold of wealth (for gold, 7.5 tola) above which Zakat becomes obligatory.
Hallmark
An official stamp certifying the purity of a gold item after independent testing by an accredited assay office.
PMEX
The Pakistan Mercantile Exchange, a regulated commodities exchange where investors can trade gold-linked contracts without holding physical metal.
Frequently Asked Questions
What is the gold rate in Pakistan today?
The gold rate in Pakistan changes daily, and sometimes several times a day, based on the international bullion price and the USD to PKR exchange rate. Check the live rate card at the top of this page for the current 24K, 22K, 21K and 18K price per tola and gram — it refreshes automatically every 30 minutes.
How much is 1 tola of gold in Pakistan?
One tola of 24 karat gold is priced according to the day’s Sarafa market rate, and one tola equals roughly 11.664 grams. Use the calculator above to see the live figure instantly, or for any other quantity and karat.
What is the difference between 24K, 22K and 21K gold?
The karat number shows how much pure gold is present out of 24 parts. 24K is 99.9% pure and used for bars, coins and investment gold. 22K, at 91.6% purity, is the traditional standard for fine jewellery. 21K, at 87.5%, is the most widely sold everyday jewellery karat in Pakistan.
Why does the gold rate differ between Karachi, Lahore and Islamabad?
Karachi’s Sarafa Bazaar sets the reference rate the rest of the country generally follows, since it is Pakistan’s largest bullion trading hub. Other cities track this benchmark closely, with only small variations from dealer margins, transport costs, or timing delays in updating local boards.
How is the gold price in Pakistan calculated?
It starts from the international spot price in US dollars per troy ounce, is converted into rupees at the prevailing USD/PKR exchange rate, adjusted for import duty and a small trading margin, and then announced as a per-tola rate by the Sarafa Association.
Is it a good time to buy gold in Pakistan?
This depends on your goals, time horizon and risk tolerance, and this page does not offer personal financial advice. Many buyers spread purchases over time instead of trying to pick a single best day, and it’s worth speaking with a licensed financial advisor for guidance suited to your situation.
How do I calculate Zakat on gold in Pakistan?
Zakat applies once your gold reaches the Nisab of 7.5 tola (87.48 grams) and has been held for a full lunar year. The amount due is 2.5% of its current market value — use the calculator above to find today’s value, then see the worked example in the Zakat section.
Does the gold price in Pakistan include making charges?
No. The rates on this page reflect raw metal value only. Jewellery bought from a shop typically costs more once making charges, design premiums, and occasionally taxes are added on top of the base gold rate.
What’s the silver rate in Pakistan today?
Today’s silver rate per tola and per gram is shown live in the rate card at the top of this page, right next to the gold rate, and it updates on the same 30-minute schedule.
Can I sell gold back at the same rate I bought it?
Not exactly. Dealers typically buy back gold at a slightly lower rate than their selling price, and jewellery resale value usually excludes the making charges you originally paid, since those are a labour cost rather than part of the metal’s value.
Who sets the Sarafa gold rate in Pakistan?
Trade associations in the Sarafa (bullion dealers’) market, primarily in Karachi, announce the daily reference rate after tracking international gold price movements. Most jewellers nationwide use this figure as their starting point. See the “How We Verify Today’s Rate” section above for the full process.
How many times a day does the gold rate change in Pakistan?
On a typical day, the rate is revised once or twice. On days with significant international price movement or sharp currency fluctuation, it can be revised three or more times before markets close for the evening.
Can the gold rate go down as well as up?
Yes. While gold has trended upward over the past several years in Pakistan, largely due to rupee depreciation alongside rising international prices, day-to-day and week-to-week moves in either direction are completely normal.
What documents should I get when buying gold in Pakistan?
Always ask for an itemised receipt showing gross weight, karat/purity, the metal rate applied, and making charges listed separately. For hallmarked pieces, the hallmark certificate or card, if provided, should also be kept safely.
How can I check if my gold is genuine?
Look for a legible karat hallmark stamp, ask the jeweller to weigh the piece in front of you on a calibrated scale, and for larger purchases consider independent testing at an assay office. See the “Purity Verification” section above for more detail.
What is PMEX and how is it related to gold trading?
The Pakistan Mercantile Exchange (PMEX) is a regulated commodities exchange that allows investors to trade gold-linked contracts without holding physical metal, offering a paper-based alternative to buying jewellery or bars.
Is digital gold the same as physical gold?
Digital gold products let you buy a claim on gold value, sometimes backed by physical reserves held by a bank or platform, without taking physical delivery. They track the same underlying rate shown on this page but involve counterparty and platform considerations that physical gold does not.
What making charges are normal for gold jewellery in Pakistan?
Simple, machine-made designs typically carry making charges of roughly 7–12% of the metal value, while intricate, hand-finished bridal jewellery can run 15–25% or more. See the “Making Charges” section above for a fuller breakdown.
Does gold rate in Pakistan match the Dubai or Saudi rate exactly?
No, not exactly. All countries start from the same international spot price, but the final local rate reflects each country’s own currency conversion, import duties, and local market premiums, so small differences between Pakistan, the UAE and Saudi Arabia are normal.
Should a beginner buy gold or silver first?
This depends on your budget and goals rather than a fixed rule. Silver has a much lower entry price per unit, which appeals to first-time buyers, while gold has historically been the more established store of value in Pakistani households. This is general information, not personal financial advice.
Why does gold demand rise during wedding season in Pakistan?
Gold jewellery is a traditional and expected part of Pakistani wedding preparations, so demand — and sometimes making charges — can rise noticeably in the months leading up to peak wedding season, even if the underlying metal rate is unaffected.
Is gold a good hedge against inflation in Pakistan?
Gold has broadly kept pace with, and at times outpaced, inflation in Pakistan over the past several years, partly because of rupee depreciation. Past performance does not guarantee future results, and this is general information rather than investment advice.
What is the Nisab for silver Zakat, and is it different from gold?
Yes, silver has its own Nisab threshold of 612.36 grams, which is separate from the 7.5 tola (87.48 gram) gold Nisab. If you hold both metals, consult a scholar on how to combine them correctly for your Zakat calculation.
How is this page’s data different from a random social media post about gold rates?
This page cross-checks the Sarafa benchmark against live international spot pricing before publishing, refreshes automatically on a fixed schedule, and documents its methodology openly — see “How We Verify Today’s Rate” above — rather than relying on a single unverified claim.
About Our Data, Methodology & Sources
Accuracy matters more in a financial-reference page than almost anywhere else on the web, so here is exactly how the numbers on this page are produced and where they come from.
- Primary reference: the Karachi Sarafa Bazaar benchmark rate, which most retail jewellers across Pakistan use as their daily starting point, cross-checked against live international bullion pricing.
- Backup source: if the primary source is temporarily unavailable, international spot gold and silver prices (XAU/XAG) are used with a live USD/PKR conversion, so the page always shows a rate.
- Refresh frequency: figures update automatically every 30 minutes; the exact timestamp is always shown above the rate table.
- Karat conversions: 22K, 21K, 20K, 18K and 14K figures are derived mathematically from the 24K rate using standard purity percentages, the same method jewellers themselves use.
Editorial Standards & Correction Policy
This page follows a simple editorial standard: every rate must be checked against at least two independent inputs (the Sarafa benchmark and international spot pricing) before publication, every guide must reflect current, widely-accepted market practice in Pakistan rather than outdated rules, and every disclaimer must be clear enough that a first-time reader understands exactly what this page can and cannot tell them. If a reader identifies a factual error — in a rate, a formula, or a guide — we investigate and correct it, and where the error was material we note the correction date.
This page is updated in two ways: the live rate card refreshes automatically on a fixed schedule throughout the day, while the educational content (karat guides, Zakat rules, glossary and FAQs) is reviewed periodically to keep it aligned with current regulation and market convention in Pakistan.