Live Gold Rate in Pakistan Today — 24K / 22K / 21K / 18K Per Tola & Gram in PKR (آج سونے کا بھاؤ)

Disclaimer: Historical gold prices are shown for informational and educational purposes only. Past performance does not guarantee future results. Gold prices are influenced by global economic conditions that change constantly. This content is not financial or investment advice. Always consult a qualified financial advisor before making investment decisions.

Pakistan's gold trading ecosystem is anchored by a network of centuries-old sarafa bazaars spread across the country's major cities. Karachi's Sarafa Bazaar, situated in the historic Jodia Bazaar area, is the country's largest wholesale and retail gold hub, channelling supply to dealers and jewellers across Sindh and beyond. Daily gold volumes here set the tone for retail pricing nationwide.

Lahore Sarafa Bazaarnear Anarkali is Punjab's premier gold market with centuries of goldsmith tradition. The adjacent Anarkali Gold Market and Shah Alam Market specialise in traditional bridal jewellery with intricate hand-crafted designs. In northern Punjab, Raja Bazaar Sarafa in Rawalpindi serves as the key gold hub for Islamabad and the surrounding federal region.

Peshawar's Sarafa Bazaar carries a distinctive character shaped by Afghan trade routes and Pashtun tribal jewellery traditions — particularly heavy gold pieces like gata, haar, and paizeb. Multan Sarafa Market anchors gold trading across southern Punjab, renowned for traditional kundan and meenakari jewellery styles.

The All Pakistan Sarafa Gems and Jewellers Association (APSGJA) announces the official daily tola rate each morning, which all major sarafa bazaars use as their reference benchmark. Gold in Pakistan is primarily priced per tola (11.664 grams) — a traditional South Asian unit also used in India, Bangladesh, and Nepal. Beyond the tola, sarafa dealers use masha (1/12 tola = 0.972 g) and ratti (1/96 tola = 0.1215 g) for small gold items and gemstones.

Pakistan's gold market is deeply woven into wedding culture. Gold gifting — especially 22K bridal zewar sets including necklaces, bangles, tikka, and earrings — is central to baraat and walima ceremonies. Demand spikes significantly during peak wedding seasons (spring and autumn) and Islamic festivals such as Eid-ul-Fitr and Eid-ul-Adha, pushing sarafa prices above the international benchmark during these periods. Learn more about gold karat purity in our Gold Guide.

The live gold rate shown on this page reflects the international XAU/USD spot price converted to Pakistani Rupee (PKR) at the current live exchange rate. This is the global benchmark price — it is notthe same as the APSGJA daily tola rate or what you'll pay at a sarafa bazaar counter in Karachi, Lahore, Islamabad, Peshawar, Faisalabad, Multan, or Quetta. Several structural factors create a consistent gap between these figures.

The APSGJA daily rate announcementis the backbone of Pakistan's gold market. The All Pakistan Sarafa Gems & Jewellers Association (APSGJA) announces the official 24K and 22K tola rate each morning — typically between 11:00 AM and 12:00 PM PKT — giving sarafa bazaars a unified reference benchmark across the country. This announced rate is derived from the international XAU/USD spot price, the prevailing PKR/USD interbank rate, and applicable import duties. The APSGJA rate is widely broadcast via SMS services, WhatsApp groups, and trade publications including the Sarafa Bulletin. Our live rate on this page is the raw spot equivalent and may differ slightly from the morning APSGJA announcement depending on intraday market movements.

Dealer margins and making charges (ajrat) add the primary retail premium. Pakistani sarafa dealers add margins of 1%–3% above the spot price plus per-tola making charges ranging from Rs 2,000 to Rs 8,000depending on jewellery complexity. Mass-market 22K jewellery (chains, bangles) carries lower making charges; hand-crafted kundan, polki, or Multani filigree work commands the highest premiums. Despite this, Pakistan's sarafa markets are among South Asia's most competitive — spreads are tight compared to many neighbouring markets. Use our karat purity calculator to find the exact value of any karat based on today's live rate.

PKR currency depreciation significantly amplifies gold prices in Rupee terms. The Pakistani Rupee has experienced substantial devaluation — particularly during the 2022–23 balance-of-payments crisis when PKR fell from approximately Rs 180 to over Rs 300 per USD. Since gold is priced globally in USD, every depreciation event directly raises the PKR cost of gold, even when the international spot price remains flat. This is why Pakistani gold investors have historically seen far highernominal returns than the XAU/USD chart suggests — rupee depreciation adds a compounding return layer on top of gold's own price appreciation. Monitoring both the XAU/USD price and the PKR/USD exchange rate shown in the hero section above gives you a complete picture of what drives local price movements.

Import duties and supply dynamics also affect bazaar prices. Pakistan levies customs duties on official gold imports, managed through the State Bank of Pakistan. Smuggled gold — primarily via the Afghanistan border and the Dubai traveller-import corridor — can distort official pricing. Dubai is Pakistan's primary gold import source: Pakistani expatriates in the UAE regularly bring gold home during visits, making the Dubai–Karachi, Dubai–Lahore, and Dubai–Islamabad traveller channels major supply pipelines that influence local premiums. Gold brought via the traveller allowance (up to 50 grams for men, 100 grams for women, subject to customs duty) is a significant informal supply mechanism.

City-by-city sarafa bazaarsare Pakistan's primary retail gold infrastructure. Each city has its own established gold market with slightly differing price premiums based on local supply, competition, and demand:

• •Karachi — Sarafa Bazaar (near Jodia Bazaar) is Pakistan's largest and most liquid gold market, setting the national price tone.
• •Lahore — Anarkali Bazaar and Shah Alam Market are the Punjab capital's historic gold trading centres; Ring Road jewellery shops serve modern retail demand.
• •Islamabad / Rawalpindi — Raja Bazaar in Rawalpindi is the twin cities' major sarafa hub; Blue Area Islamabad has premium jewellery boutiques.
• •Peshawar — Qissa Khwani Bazaar and Shinwari market have centuries-old gold trading traditions, serving both retail and cross-border Afghan trade.
• •Faisalabad — Katcheri Bazaar sarafa market is among Punjab's most active outside Lahore, serving the city's large textile industry workforce.
• •Multan — Hussain Agahi and Haram Gate bazaars carry strong bridal jewellery trade; Multani gold craft (thewa and kundan work) commands premium pricing.

Seasonal and cultural demand creates periodic price spikes independent of international spot movements. Pakistani wedding culture involves large quantities of 22K bridal gold sets, and peak wedding seasons (spring and autumn) combined with Eid-ul-Fitr and Eid-ul-Adha festivals drive surges in sarafa market demand across all major cities. Understanding tola, masha, and ratti conversions is essential for comparing jewellery prices quoted in traditional units versus metric grams.