Real-time Gold Rate in Pakistan on our website provides a detailed insight into live data reflecting the current market trends for buying and selling gold. We explain the differences between gold purities like 18K, 21K, and 24K, and how tola and gram prices are calculated. Our platform also covers how making charges are added or deducted during the purchase and sale process. Learn about the differences between gold bars and gold jewelry, and get an understanding of the Islamic perspective on gold trading. With just one click, you can access all the crucial information you need about gold
Live Gold Prices in PKR
| Karat | Unit | Price (PKR) |
|---|---|---|
| 24K | Per Gram | 16696.31 |
| 24K | Per Tola | 194742.43 |
| 22K | Per Gram | 15304.95 |
| 22K | Per Tola | 178513.89 |
| 21K | Per Gram | 14609.27 |
| 21K | Per Tola | 170399.63 |
| 18K | Per Gram | 12522.23 |
| 18K | Per Tola | 146056.82 |
How Gold Prices are Calculated and Controlled in Pakistan
Gold prices in Pakistan, as with most commodities, are influenced by global market trends, exchange rates, and local demand and supply dynamics. However, the prices in Pakistan are not set in isolation. They are typically determined based on the international gold price, which is quoted in US Dollars (USD) per ounce. This price fluctuates in response to a variety of global economic factors such as inflation, interest rates, and geopolitical instability.
In Pakistan, the prices of gold are closely linked to the exchange rate between the Pakistani Rupee (PKR) and the US Dollar (USD). Any fluctuation in the value of the USD against the PKR has a direct impact on the price of gold in the country. The gold rate in Pakistan is updated on a daily basis, based on these international rates and the local currency exchange rates.
Additionally, gold prices in Pakistan are affected by the demand for gold jewelry, investment in gold bars and coins, and the global gold market. For example, during periods of economic uncertainty, demand for gold often rises as people view it as a safe-haven investment. This, in turn, drives up prices.
2. What is the Current Price of a Tola of Gold and How USD vs PKR Matters
The price of gold per tola is a widely followed metric in Pakistan. A tola is a traditional unit of weight used in the South Asian region, equivalent to approximately 11.6638 grams. The price of gold per tola is calculated by multiplying the USD price per gram of gold by the weight in tolas.
To calculate the price of one tola of gold in Pakistan, you would first find the USD per gram price, then multiply it by the conversion factor (11.6638 grams per tola). After that, the result is converted into Pakistani Rupees (PKR) by multiplying it with the current USD to PKR exchange rate.
For example, if the price of gold per gram is USD 84.66 and the exchange rate is 277.63 PKR per USD, then:
Price per Tola in USD = 84.66 * 11.6638 = 987.58 USD
Price per Tola in PKR = 987.58 * 277.63 = 274,147.92 PKR
The USD/PKR exchange rate is a critical factor. If the USD strengthens against the PKR, the price of gold in Pakistan increases, even if the international gold price remains the same. Conversely, if the value of the Pakistani Rupee strengthens, gold prices might drop, even if the international price remains stable.
What Does 18K, 21K, and 24K Mean? How Does It Matter?
Gold purity is measured in karats (K), which indicates the proportion of gold in a piece of jewelry or gold product.
- 24K Gold: This is pure gold, meaning it contains 99.9% gold with very little to no alloy metals mixed in. It’s the most valuable and expensive form of gold, often used for investment in bars and coins.
- 22K Gold: Contains 91.7% gold and is more commonly used in jewelry. It’s slightly less expensive than 24K because it is mixed with other metals to make it more durable and suitable for crafting.
- 21K Gold: Contains 87.5% gold and is commonly found in some regions, especially in the Middle East and Asia.
- 18K Gold: Contains 75% gold, with 25% made up of other metals such as copper or silver. It’s often used in jewelry, offering a good balance between purity and durability.
The purity of the gold directly affects its price: the higher the purity, the more expensive the gold. For example, 24K gold will always be priced higher than 22K or 18K because it contains more pure gold content.
Buying and Selling Price Differences
There is often a price variation between the buying price and the selling price of gold. This difference is due to markup by retailers and gold dealers. The selling price is typically higher to account for labor costs, making charges, and the retailer’s profit margin.
For gold jewelry, there are additional factors that influence the price:
- Design complexity: Intricate designs with more labor-intensive work can push up the cost.
- Gemstone inclusion: If the jewelry contains precious stones, the overall price will be higher.
- Brand: Branded gold jewelry may come with a premium.
When buying gold bars or gold biscuits, the price tends to be closer to the pure gold price, with only minor premiums added for minting and delivery.
The Trade of Gold and Its Market Potential
Gold has been a valuable commodity for thousands of years. It has traditionally been used as a store of value, currency, and investment vehicle. The global gold market is vast, with major markets such as the London Bullion Market, New York, and Dubai driving prices.
In Pakistan, gold is widely traded, both for investment purposes and jewelry. The Gold Exchange in Pakistan plays an important role in facilitating trade. Many investors choose to buy gold as a hedge against inflation and currency depreciation, particularly in times of economic instability.
The global gold market is closely linked to global events, such as economic crises, geopolitical tensions, and changes in the US Dollar’s strength. These factors can lead to fluctuations in gold prices, creating both opportunities and risks for investors.
Gold Trading: Halal vs Haram (Islamic Point of View)
In Islamic finance, gold trading can be seen as halal (permissible) or haram (forbidden) depending on how the trade is conducted.
- Halal Gold Trading: Gold transactions that are conducted in accordance with Islamic principles—such as fair trade, no interest (riba), and proper ownership at the time of exchange—are considered permissible.
- Haram Gold Trading: Gold transactions involving interest-based financing, speculation, or buying and selling without ownership are not permissible under Islamic law. Additionally, certain methods of leveraged trading or trading with unclean intentions can also render the trade haram.
Muslim scholars often advise direct ownership of physical gold (bars or coins) rather than speculative gold trading, as this is seen as more compliant with Islamic finance principles.