Pakistan · PKR · Wednesday, December 16, 2020
Gold Price in Pakistan — December 16, 2020
On December 16, 2020, gold in Pakistan closed at approximately Rs297,893 per troy ounce — about Rs111,712 per tola or Rs9,577 per gram. The figure is computed from the verified international XAU/USD spot price ($1,852.00/oz) × the day's PKR/USD exchange rate.
PKR / Troy Ounce
Rs297,893
31.1035 g
PKR / Gram
Rs9,577
1 g
PKR / Tola
Rs111,712
11.664 g
All unit prices on December 16, 2020 — Pakistan
| Unit | Weight | PKR price |
|---|---|---|
| Troy ounce | 31.1035 g | Rs297,893 |
| Gram | 1.0000 g | Rs9,577 |
| 10 grams | 10 g | Rs95,775 |
| Kilogram | 1,000 g | Rs9,577,478 |
| Tola | 11.664 g | Rs111,712 |
Karat-purity breakdown — December 16, 2020
| Karat | Per gram | Per 10g | Per tola |
|---|---|---|---|
| 24KPAKISTAN STD | Rs9,568 | Rs95,679 | Rs111,600 |
| 22K | Rs8,773 | Rs87,730 | Rs102,328 |
| 21K | Rs8,380 | Rs83,803 | Rs97,748 |
| 18K | Rs7,183 | Rs71,831 | Rs83,784 |
| 14K | Rs5,603 | Rs56,028 | Rs65,351 |
| 10K | Rs3,994 | Rs39,938 | Rs46,584 |
Surrounding ±15 trading days — PKR
Price action on December 16, 2020
1-day move
vs prior session
7-day move
rolling week
30-day move
rolling month
YTD
since 1 Jan 2020
Calendar position
Day 351 of 366
Trading day
303rd of 316
Position in 2020's range
64% (low $1,474.30 → high $2,067.20)
The Pakistan gold market
Pakistan's retail gold trade is dominated by the All Pakistan Sarafa Gemmi & Jewellery Association (APSGJA). The standard quoted unit is the tola (11.664 g) and 24-karat purity. Local prices typically sit a few percent above international spot due to import duties, sales tax (currently 17%), and dealer making charges (3–8%). The State Bank of Pakistan periodically auctions gold reserves which can cause short-term price action divergent from international spot.
Standard quote unit
tola
Common purity
24K
Currency
PKR (Rs)
December 16 in other years — Pakistan
December 16, 2020 gold price in other countries
How this December 16, 2020 Pakistan price is calculated
International benchmark. The XAU/USD spot price for December 16, 2020 comes from gold-api.com's historical archive — the London PM-fix benchmark, which is the reference used by central banks and bullion dealers globally. On this date, that price was $1,852.00/oz.
Currency conversion. The PKR/USD exchange rate for the same date comes from exchangerate-api.com. We apply that day's exact rate (160.8494) to the USD price — not a year-average or month-end approximation. This makes the Rs figure on this page accurate to the trading session.
Per-unit math. Per-gram = per-ounce ÷ 31.1035. Per-tola = per-gram × 11.664. Per-10g = per-gram × 10. Per-kilo = per-gram × 1000. Karat values multiply per-gram by the purity ratio (24K = 0.999, 22K = 0.916, 21K = 0.875, 18K = 0.750, 14K = 0.585, 10K = 0.417). We never compound rounding errors by going through intermediate units.
What this page does NOT include. Local sales tax / VAT, customs duty on imports, dealer making charges, jewellery design premiums, or coin numismatic premiums. To go from this pure-metal value to a final retail rate in Pakistan, add the country-specific levies described in the “Pakistan gold market” section above. The retail rate at a jeweller in Pakistan on December 16, 2020 would have been a few percent above this number once those costs are included.
FAQ — Pakistan gold price on December 16, 2020
What was the gold price in Pakistan on December 16, 2020?
On December 16, 2020 (Wednesday), gold in Pakistan traded at approximately Rs297,893 per troy ounce. That works out to about Rs9,577 per gram, Rs111,712 per tola, and Rs95,775 per 10 grams. The figure is derived from international XAU/USD spot of $1,852.00/oz × the day's PKR/USD exchange rate of 160.8494.
What was the 24K gold rate per tola in Pakistan on December 16, 2020?
The 24K gold rate per tola in Pakistan on December 16, 2020 was approximately Rs111,600 (99.9% pure metal value). This excludes local taxes, dealer making charges and any country-specific levies — those add on top to produce the final retail rate.
What was the 24K gold rate in Pakistan on December 16, 2020?
Pakistan's most-quoted retail standard is 24K per tola. On December 16, 2020, that pure-metal value was approximately Rs111,600. Add country-specific taxes and making charges (see the market-context section above) for the final retail rate.
How accurate is this number versus what jewellers were quoting?
The Rs figure on this page is the verified international XAU/USD spot price for December 16, 2020 multiplied by the day's exchange rate. It represents the pure metal value at international parity — what a London-fix benchmark would have implied. Local jewellers add (1) import duties + sales tax / VAT, (2) dealer making charges (typically 3–12% of metal value), and (3) any premium for purity certification. Final retail rates in Pakistan typically sit a few percent above this number.
Was December 16, 2020 a trading day?
Yes — December 16, 2020 was the 303rd trading session of 316 for 2020 on the international gold market. Wednesdays are typically active trading days unless they fall on a major holiday.
Want today's rate in Pakistan? See live gold prices in Pakistan with minute-by-minute updates and full karat breakdowns. To compare this archive figure against the live rate, that's where to go.
Different unit on this same date? The USD-only daily archive for December 16, 2020 includes per-day prices in 100+ other currencies and is the canonical reference page for this date.
Browse the archive. Step through every day of December 2020 in Pakistan, see the full 2020 archive, or use our tola, gram and karat calculators for live calculations against today's rate.
Disclaimer: Historical gold prices on this page reflect the international XAU/USD spot price for the requested date, converted to PKR at the same day's exchange rate. They are intended for informational and educational use only and do not constitute investment advice or a price quote for buying or selling physical gold today. Always verify current local rates with a reputable bullion dealer in Pakistan before transacting.