Pakistan · PKR · August 2024
Gold Price in Pakistan — August 2024
In August 2024, the gold price in Pakistan closed at approximately Rs703,797 per troy ounce, equivalent to Rs263,928 per tola or Rs22,628 per gram. This represents a +2.30% change on the month (Rs687,984 open → Rs703,797 close).
Open
Rs687,984
per troy ounce
Close
Rs703,797
per troy ounce
High
Rs705,145
per troy ounce
Low
Rs670,431
per troy ounce
All unit prices at August 2024 close — Pakistan
| Unit | Weight | Closing PKR price |
|---|---|---|
| Troy ounce | 31.1035 g | Rs703,797 |
| Gram | 1.0000 g | Rs22,628 |
| 10 grams | 10 g | Rs226,276 |
| Kilogram | 1,000 g | Rs22,627,588 |
| Tola | 11.664 g | Rs263,928 |
Karat-purity breakdown at August 2024 close
| Karat | Per gram | Per tola |
|---|---|---|
| 24KPAKISTAN STD | Rs22,605 | Rs263,664 |
| 22K | Rs20,727 | Rs241,758 |
| 21K | Rs19,799 | Rs230,937 |
| 18K | Rs16,971 | Rs197,946 |
| 14K | Rs13,237 | Rs154,398 |
| 10K | Rs9,436 | Rs110,058 |
Daily gold price in PKR — August 2024
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 — August 2024, Pakistan
Rs687,984
$2,470.15/oz
Rs690,094
$2,477.73/oz
Rs684,844
$2,458.88/oz
Rs684,844
$2,458.88/oz
Rs673,579
$2,418.43/oz
Rs670,431
$2,407.13/oz
Rs676,176
$2,427.76/oz
Rs678,775
$2,437.09/oz
Rs688,841
$2,473.23/oz
Rs689,639
$2,476.09/oz
Rs689,889
$2,476.99/oz
Rs690,762
$2,480.13/oz
Rs687,986
$2,470.16/oz
Rs699,033
$2,509.82/oz
Rs698,397
$2,507.54/oz
Rs698,397
$2,507.54/oz
Rs705,145
$2,531.77/oz
Rs701,864
$2,519.99/oz
Rs700,401
$2,514.73/oz
Rs701,423
$2,518.40/oz
Rs703,790
$2,526.90/oz
Rs703,790
$2,526.90/oz
Rs704,413
$2,529.14/oz
Rs703,519
$2,525.93/oz
Rs704,303
$2,528.74/oz
Rs703,797
$2,526.93/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 2024 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 August 2024 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 August 2024
What was the gold price in Pakistan in August 2024?
In August 2024, gold in Pakistan opened at Rs687,984/oz and closed at Rs703,797/oz — a move of +2.30% on the month. Per tola: ≈Rs263,928; per gram: ≈Rs22,628; per 10g: ≈Rs226,276.
What was the 24K gold rate per tola in Pakistan in August 2024?
The 24K gold rate per tola in Pakistan at the August 2024 close was approximately Rs263,928, derived from international XAU/USD spot of $2,526.93/oz times the 2024-end PKR/USD exchange rate of 278.5192. 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 August 2024?
Pakistan's most-quoted retail standard is 24K per tola. At the August 2024 close, that worked out to approximately Rs263,664 (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 August 2024 (sourced from gold-api.com), multiplied by the 2024-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 2024-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.
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 2024 archive or the USD-only August 2024 page with the country-by-country list at the bottom.
Other markets? Compare August 2024 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 2024-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.