Gold Price in Pakistani Rupees (PKR) Today
The current gold price in Pakistani Rupees is Rs1,399,474.29 per troy ounce, or Rs44,994.11 per gram for 24-karat pure gold. This is calculated from the live XAUUSD spot price of $5,008.40 per ounce using the real-time PKR/USD exchange rate.
22K Gold / Gram
Rs41,246.10
18K Gold / Gram
Rs33,745.58
14K Gold / Gram
Rs26,245.06
Gold Price in Pakistani Rupees — All Karats & Weights
| Weight | 24K (99.9%) | 22K (91.67%) | 18K (75.0%) | 14K (58.33%) |
|---|---|---|---|---|
| 1 Gram | Rs44,994.11 | Rs41,246.10 | Rs33,745.58 | Rs26,245.06 |
| 5 Grams | Rs224,970.55 | Rs206,230.50 | Rs168,727.91 | Rs131,225.32 |
| 10 Grams | Rs449,941.10 | Rs412,461.00 | Rs337,455.82 | Rs262,450.64 |
| 1 Troy Ounce | Rs1,399,474.29 | Rs1,282,898.08 | Rs1,049,605.72 | Rs816,313.35 |
| 50 Grams | Rs2,249,705.49 | Rs2,062,305.02 | Rs1,687,279.11 | Rs1,312,253.21 |
| 100 Grams | Rs4,499,410.97 | Rs4,124,610.04 | Rs3,374,558.23 | Rs2,624,506.42 |
| 1 Kilogram | Rs44,994,109.71 | Rs41,246,100.37 | Rs33,745,582.28 | Rs26,245,064.19 |
| 1 Tola (11.66g) | Rs524,631.32 | Rs480,929.53 | Rs393,473.49 | Rs306,017.45 |
Prices derived from the live XAUUSD spot rate and real-time exchange rates. 1 troy ounce = 31.1035 grams. Updated every 30 seconds.
Gold Market in Pakistan
Pakistan is one of the largest gold consuming countries in South Asia, with annual demand estimated at 150-200 tonnes driven by deeply rooted cultural traditions around weddings, dowries, and savings. The Sarafa Bazaar (jewelers' market) system — present in every major city from Karachi to Lahore, Peshawar, and Islamabad — forms the backbone of Pakistan's physical gold market. Gold in Pakistan is traditionally priced per tola (11.66 grams), a unit inherited from the Mughal era that remains the standard quotation unit despite the metric system being officially adopted. The Karachi Sarafa Association and the All Pakistan Gems and Minerals Dealers Association publish daily gold rates in PKR per tola, which are referenced by gold shops nationwide. Pakistan does not have a formal gold exchange, and most trading is conducted over-the-counter through the Sarafa bazaars. The State Bank of Pakistan (SBP) holds approximately 64.6 tonnes of gold reserves. Gold's role as a store of value is amplified in Pakistan by persistent rupee depreciation and high inflation — PKR gold prices have risen dramatically over the past two decades, reinforcing gold's status as the preferred savings instrument for Pakistani households, particularly for women who traditionally hold their wealth in gold jewelry.
How We Calculate Gold Price in PKR
The gold price in Pakistani Rupees is calculated using two live data feeds:
- The XAUUSD spot price — the international gold price per troy ounce in US dollars, sourced from the gold API and refreshed every 30 seconds.
- The PKR/USD exchange rate — sourced from open exchange rate data and cached for 10 minutes.
Gold per ounce (PKR) = XAUUSD spot price × PKR/USD rate
Gold per gram (PKR) = Gold per ounce (PKR) ÷ 31.1035
Example: $5008.40 × 279.4254 = Rs1,399,474.29 per ounce
Gold Tax & Duty in Pakistan
Pakistan's gold taxation framework is complex and has undergone multiple changes. As of recent budgets, gold jewelry carries a 17% general sales tax (GST) on value addition (making charges) rather than on the full gold value. A 1-4% advance income tax (withholding) may apply on gold purchases depending on the buyer's tax filing status — non-filers (non-NTN holders) pay higher rates. Capital gains on gold are technically taxable as income, but enforcement on physical gold is minimal due to the predominantly cash-based nature of the Sarafa market. Gold imported through official channels carries customs duty (currently around 3%) plus regulatory duty. However, a significant portion of Pakistan's gold enters through informal channels (smuggling) via Dubai, Afghanistan, and Iran to avoid import duties, creating a parallel market that operates alongside the formal sector. There is no wealth tax on gold holdings.
Where to Buy Gold in Pakistan
The Sarafa bazaars are the nerve center of Pakistan's gold market. Karachi's Sarafa Bazaar near Bolton Market, Lahore's Shah Alami and Anarkali markets, and Peshawar's Qissa Khwani bazaar are major hubs where gold is traded in tolas at prices set by local jeweler associations referencing international rates. The market operates almost entirely in cash, with daily volumes difficult to estimate but believed to exceed several hundred kilograms. Pakistani gold jewelry is predominantly 21K (common in urban centers, influenced by Gulf styles) and 22K (traditional style), with 24K gold bars also available but less common than in East Asian markets. Habib Bank and other major banks have launched gold savings products, but physical gold from Sarafa bazaars remains overwhelmingly dominant. Pakistan is also a significant gold recycling market — old jewelry is routinely melted and refashioned, with the "ghat" (melting loss) negotiated between buyer and seller. Wedding season (November-March) drives peak demand, with multi-tola jewelry sets being standard gifts. Remittances from Pakistani workers in the Gulf states contribute to gold demand, with many sending gold jewelry or bars home as savings.
Frequently Asked Questions
How is gold priced in Pakistan?
Gold in Pakistan is priced per tola (11.66 grams), quoted in Pakistani rupees. The Karachi Sarafa Association publishes daily buy/sell rates for 24K gold per tola, which dealers across the country use as reference prices. These rates are derived from the international USD gold price, converted to PKR at the prevailing exchange rate, and adjusted for local premiums. The per-tola system dates to the Mughal era and remains the standard quotation unit despite metric system adoption. To convert to per-gram pricing, divide the per-tola price by 11.66.
What purity of gold is common in Pakistani jewelry?
Pakistani gold jewelry is predominantly 21K (87.5% pure) in urban centers — influenced by Gulf fashion styles due to the large Pakistani diaspora in UAE and Saudi Arabia — and 22K (91.67% pure) in traditional designs. 24K gold bars and coins are available for investment but less common than in East Asian markets. When buying gold jewelry in Pakistan, the making charge (labor cost) is quoted separately from the gold weight price, and buyers negotiate both the per-tola gold rate and the making charges.
Why has gold performed so well in Pakistani rupee terms?
Gold in PKR has delivered extraordinary returns due to the long-term depreciation of the Pakistani rupee against the US dollar, compounded by the rising USD gold price. The rupee has fallen from approximately 60/USD in 2010 to over 280/USD by 2024, meaning PKR gold prices have risen roughly 5-6x from currency depreciation alone, plus the gains from rising international gold prices. This makes gold one of the best-performing assets in Pakistan over the past 15 years and reinforces its role as the primary inflation hedge and store of value for Pakistani households.
How much gold enters Pakistan through informal channels?
Estimates suggest that 40-60% of Pakistan's gold supply enters through informal (smuggling) channels, primarily via Dubai, Iran, and Afghanistan, to avoid import duties and taxes. This creates a parallel market where gold is available at slightly lower premiums than officially imported gold. The government has periodically attempted to formalize the gold market through reduced tariffs and amnesty schemes, but the deeply entrenched cash-based Sarafa system and porous borders make full formalization challenging.