Gold Rate in Pakistan Today
Live gold price in PKR — 24K, 22K, 21K per tola and per gram. Karachi, Lahore, Islamabad rates. Updated every hour.
Pakistan Gold Price by Karat — PKR per Tola & per Gram
| Karat | Purity | PKR per Tola (Live) | PKR per Gram (Live) | Common Use in Pakistan |
|---|---|---|---|---|
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Pakistan Gold Market Overview
Pakistan is one of the world's largest gold-consuming nations, importing approximately 120 tonnes of gold per year. Gold is not merely an investment in Pakistan — it is deeply woven into the social fabric, particularly in marriage culture. Meher (the mandatory gift from groom to bride under Islamic marriage law) is commonly paid in gold, and dowry sets comprising bangles, necklaces, and earrings represent a significant portion of wedding expenditure across all economic classes.
Karachi's Sarafa Bazar — located in the old city near Jodia Bazar — is the national benchmark for gold pricing. Wholesale dealers here set the tone each morning, and rates propagate to Lahore's Anarkali Bazar, Islamabad's Blue Area jewellers, and every bazaar across the country within hours.
Key facts about Pakistan's gold market:
- Import duty: Pakistan levies a 3% customs duty on gold imports, which adds directly to the local price above the international spot rate.
- PKR volatility: The Rupee has lost significant value against the USD over the past decade. When PKR weakens, gold prices in PKR rise even if XAU/USD is flat — making gold a popular hedge.
- APGMJA rate: The All Pakistan Gems Merchants & Jewellers Association (APGMJA) announces the official daily gold rate each morning, used as the benchmark by all jewellers nationwide.
- Tola standard: Pakistan universally quotes gold in tola (11.664g), not grams. This is unique to South Asia and carries strong cultural continuity from the Mughal era.
Why Pakistan Uses Tola — The Mughal Unit Explained
The tola (also spelled "tolah") is a traditional South Asian unit of mass equal to 11.664 grams, or approximately 0.375 troy ounces. It originated during the Mughal Empire as the weight of one silver Rupee coin — a standard that was codified under Emperor Akbar's monetary reforms in the 16th century.
When British colonial administrators standardized weights in India, they retained the tola due to its deep commercial entrenchment. After partition in 1947, Pakistan (and India, Bangladesh, Nepal) continued using the tola as the standard gold weight unit — a 400-year-old convention that shows no sign of fading.
| Unit | Grams | Troy Ounces | Notes |
|---|---|---|---|
| 1 Tola | 11.664 g | 0.3750 oz | Pakistan's universal gold standard |
| 1 Troy Ounce | 31.1035 g | 1.0000 oz | International spot price unit |
| 10 Grams | 10.000 g | 0.3215 oz | Common in India; less used in Pakistan |
| 1 Sovereign | 7.988 g | 0.2354 oz | British coin unit; still quoted in some South Asian markets |
Quick conversions: 1 tola = 11.664 grams. To convert PKR per tola to PKR per gram, divide by 11.664. To convert international USD per troy oz to PKR per tola: multiply by the PKR/USD rate, then multiply by 0.375 (tola/oz ratio).
Gold Price in Karachi vs. Lahore vs. Islamabad
Unlike many countries where regional gold prices can vary significantly, Pakistan's gold rate is effectively uniform across all cities. This is because the All Pakistan Gems Merchants & Jewellers Association (APGMJA) announces a single national rate each morning, and all licensed jewellers use this as their base.
| City | Gold Rate vs. APGMJA | Key Market | Notes |
|---|---|---|---|
| Karachi | = APGMJA base | Sarafa Bazar, Jodia Bazar | National benchmark, highest volume |
| Lahore | = APGMJA base | Anarkali Bazar, Shah Alam Market | Major jewelry manufacturing hub |
| Islamabad | = APGMJA base | Blue Area jewellers | Highest-end retail; premium making charges |
| Peshawar | = APGMJA base | Qissa Khwani Bazar | Traditional Pashtun jewelry styles |
| Quetta | = APGMJA base | Kandahari Bazar | Cross-border gold flow from Afghanistan |
The gold content price is identical everywhere. What differs between cities is making charges — the labour cost for crafting jewelry, which can range from PKR 1,500 to PKR 8,000+ per tola depending on design complexity and city. High-end Islamabad jewellers typically charge more per tola in making fees than wholesale Karachi dealers.
Buying vs. Trading Gold in Pakistan
- Tangible asset, no counterparty risk
- Priced in PKR — natural PKR devaluation hedge
- Making charges: PKR 1,500–8,000 per tola
- 3% import duty baked into APGMJA rate
- Storage: home safe or bank locker
- Resale via Sarafa Bazar or jeweller buyback
- No making charges, no storage costs
- Go long or short — profit in both directions
- No import duty — trade international spot price
- Leverage available; trade from PKR 5,000
- Withdraw profits in USD or local currency
- Trade 24/5 from any device
Trade Gold from Pakistan — XAU/USD with Exness
Pakistan-based traders can open an Exness account and trade gold (XAU/USD) without paying import duty or making charges. Access the same international gold price shown on this page. Exness accepts deposits in multiple currencies with fast local payment methods.
Open Exness Account Free →Affiliate disclosure: We earn a commission when you open an account via our link, at no cost to you.
Gold Rate History in Pakistan (PKR per Tola)
Pakistan's gold price history in PKR is a story of two forces: the international XAU/USD spot price rising, and the Rupee depreciating against the Dollar. Both have pushed PKR gold prices dramatically higher over the past decade.
| Period | XAU/USD | PKR/USD | 24K PKR/Tola (approx.) | Context |
|---|---|---|---|---|
| 2025 ATH | $3,500+ | ~280 | ~PKR 380,000+ | Global safe haven demand surge |
| 2024 | $2,400–2,790 | 278–284 | PKR 245,000–295,000 | Post-IMF stabilization, PKR steady |
| 2023 Currency Crisis | $1,900–2,000 | 280–300 | PKR 195,000–220,000 | PKR crashed to 300/USD — gold in PKR spiked |
| 2022 | $1,700–2,043 | 180–230 | PKR 115,000–170,000 | Russia-Ukraine + PKR depreciation accelerated |
| 2020 COVID ATH | $2,075 | 168 | PKR 128,000 | Global QE pushed gold to new records |
| 2018 | $1,174–1,280 | 121–138 | PKR 52,000–65,000 | PKR still relatively strong vs. USD |
| 2015 | $1,050–1,300 | 102–105 | PKR 40,000–50,000 | Low gold era — buying opportunity in retrospect |
The most dramatic period was 2022–2023, when Pakistan's currency crisis saw the Rupee lose nearly half its value against the USD. Even as international gold prices were below their 2020 peak, PKR gold prices hit new all-time highs because of the currency collapse. This illustrates why gold is especially valued in Pakistan as a store of value — it protects against both international gold price moves AND local currency devaluation.