Pakistan · PKR · March 2022
Gold Price in Pakistan — March 2022
In March 2022, the gold price in Pakistan closed at approximately Rs440,119 per troy ounce, equivalent to Rs165,047 per tola or Rs14,150 per gram. This represents a -0.29% change on the month (Rs441,394 open → Rs440,119 close).
Open
Rs441,394
per troy ounce
Close
Rs440,119
per troy ounce
High
Rs462,077
per troy ounce
Low
Rs432,822
per troy ounce
All unit prices at March 2022 close — Pakistan
| Unit | Weight | Closing PKR price |
|---|---|---|
| Troy ounce | 31.1035 g | Rs440,119 |
| Gram | 1.0000 g | Rs14,150 |
| 10 grams | 10 g | Rs141,501 |
| Kilogram | 1,000 g | Rs14,150,130 |
| Tola | 11.664 g | Rs165,047 |
Karat-purity breakdown at March 2022 close
| Karat | Per gram | Per tola |
|---|---|---|
| 24KPAKISTAN STD | Rs14,136 | Rs164,882 |
| 22K | Rs12,962 | Rs151,183 |
| 21K | Rs12,381 | Rs144,416 |
| 18K | Rs10,613 | Rs123,785 |
| 14K | Rs8,278 | Rs96,553 |
| 10K | Rs5,901 | Rs68,825 |
Daily gold price in PKR — March 2022
March 2022 gold market: Near-record spike, then the first Fed hike
VolatileA near-record war spike met the start of Fed tightening.
Gold briefly touched about $2,070 on March 8 — within a whisker of its record — as the Ukraine war and commodity shock peaked. It then reversed as the Federal Reserve delivered its first rate hike on March 16, closing the month near $1,940.
What drove gold in March 2022
- war and commodity-price peak
- first Fed rate hike (Mar 16, +25bp)
- extreme volatility
- real yields beginning to climb
Key events in March 2022
- Mar 8Gold spikes to ~$2,070, near its all-time high
- Mar 16Fed hikes rates for the first time since 2018
What happened next
The hiking cycle that began here would pressure gold for the next six months.
For gold buyers in Pakistan
The March 8 near-record proved a trap; the Fed's tightening campaign that began days later would pressure gold for most of the year.
Related months to read
The 2022 gold market: Russia sanctions and a paradigm shift
Russia invaded Ukraine on February 24, 2022. G7/EU froze $300 billion of Russian central-bank reserves — the most consequential monetary event since 1971. Central-bank gold buying hit a record 1,082 tonnes (highest ever). Year close: $1,824 despite Fed's aggressive tightening.
Key drivers in 2022
Russia sanctions, central-bank reserve freezing, Fed hikes to 4.5%, gold's structural role redefined
2022 XAU/USD high
$2,070 (Mar)
2022 XAU/USD low
$1,621 (Sep)
Era context — The modern bull market (2019 to today)
Gold's second major bull market of the 21st century. Driven by COVID stimulus, Russia sanctions, central-bank accumulation at record levels, and the structural shift toward a multi-polar reserve system. New all-time highs reached repeatedly since 2020.
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)
Daily gold price — March 2022, Pakistan
Rs441,394
$1,947.83/oz
Rs437,014
$1,928.50/oz
Rs437,263
$1,929.60/oz
Rs440,821
$1,945.30/oz
Rs453,822
$2,002.67/oz
Rs448,911
$1,981.00/oz
Rs462,077
$2,039.10/oz
Rs450,701
$1,988.90/oz
Rs452,446
$1,996.60/oz
Rs448,390
$1,978.70/oz
Rs450,615
$1,988.52/oz
Rs442,815
$1,954.10/oz
Rs433,660
$1,913.70/oz
Rs433,547
$1,913.20/oz
Rs441,818
$1,949.70/oz
Rs438,668
$1,935.80/oz
Rs439,967
$1,941.53/oz
Rs438,510
$1,935.10/oz
Rs434,023
$1,915.30/oz
Rs437,762
$1,931.80/oz
Rs445,331
$1,965.20/oz
Rs442,747
$1,953.80/oz
Rs443,805
$1,958.47/oz
Rs438,963
$1,937.10/oz
Rs432,822
$1,910.00/oz
Rs438,238
$1,933.90/oz
Rs440,119
$1,942.20/oz
How Pakistan gold prices are calculated on this page
Source. The international XAU/USD spot price comes from gold-api.com's historical archive (London PM-fix benchmark). The PKR/USD exchange rate comes from exchangerate-api.com's 2022 year-end snapshot.
Conversion. Every PKR figure on this page is computed as XAU/USD price × PKR/USD rate. We use the year-end exchange rate consistently across all March 2022 prices on this page.
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).
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 “Pakistangold market” section above.
FAQ — Pakistan gold price in March 2022
What was the gold price in Pakistan in March 2022?
In March 2022, gold in Pakistan opened at Rs441,394/oz and closed at Rs440,119/oz — a move of -0.29% on the month. Per tola: ≈Rs165,047; per gram: ≈Rs14,150; per 10g: ≈Rs141,501.
What was the 24K gold rate per tola in Pakistan in March 2022?
The 24K gold rate per tola in Pakistan at the March 2022 close was approximately Rs165,047, derived from international XAU/USD spot of $1,942.20/oz times the 2022-end PKR/USD exchange rate of 226.6083. This is pure metal value; final retail rates include local taxes and dealer making charges.
What was the 24K gold rate per tola in Pakistan in March 2022?
Pakistan's most-quoted retail standard is 24K per tola. At the March 2022 close, that worked out to approximately Rs164,882 (24K pure-metal value). Add local taxes and making charges for the final retail rate.
How was the local currency price calculated?
PKR prices on this page are computed from the verified international XAU/USD spot price for March 2022 (sourced from gold-api.com), multiplied by the 2022-end PKR/USD exchange rate from exchangerate-api.com. We use year-end rates as a single reference point for the entire month — for most stable currencies the within-year FX drift is small, but during currency crises (PKR 2022–23, TRY 2022, ARS 2024 etc.) the actual mid-month rate may differ.
Why does the retail price in shops differ from this number?
The Rs figures here represent the international gold spot price converted to PKR at the 2022-end exchange rate. Pakistan's retail jewellers add (1) import duties and sales tax (varies by SKU and karat), (2) dealer making charges (typically 3–12% of metal value), and (3) a small premium for purity certification on bars. Always verify the exact day's retail rate with a reputable local dealer before transacting.
How close did gold get to its record in March 2022?
Gold reached about $2,070 per ounce on March 8, 2022 — just short of its August 2020 all-time high near $2,075 — before reversing as the Fed began raising interest rates.
Want today's rate in Pakistan? See live gold prices in Pakistan with minute-by-minute updates and per-karat breakdowns.
Different month or year? Use the prev / next buttons above, or jump to the full 2022 archive or the USD-only March 2022 page with the country-by-country list at the bottom.
Other markets? Compare March 2022 prices across other major gold-trading countries: India, United Arab Emirates, Saudi Arabia, United States, United Kingdom.
Disclaimer: Historical gold prices on this page reflect the international XAU/USD spot price for the requested period, converted to PKR at the 2022-end 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.