| Item | Price (PKR) | Unit | Published date | Change |
|---|---|---|---|---|
| 24K GoldGOLD24 | 420,769.86 | Per tola | 28 Oct 2026 | -0.35% |
International spot benchmark only. Conversion uses a dated exchange-rate reference. It is not a Pakistan Sarafa Association quote and excludes local premiums, taxes and making charges.
The 24K gold rate in Pakistan refers to a near-pure gold benchmark commonly compared per tola, per 10 grams and per gram. The karat scale has 24 parts, while fine bullion is usually identified more precisely with marks such as 999 or 999.9 fineness. One tola is approximately 11.6638 grams, making it heavier than a 10-gram bar. Check the 24K rate panel above for the available quoted unit and its observation date; a displayed benchmark is not automatically the price a shop will charge for a sealed bar. Minting, packaging, seller premiums and differences between buying and selling quotations can alter the transaction total. This guide explains how to compare those costs without treating a changing price as permanent.
What 24-karat means on a bar or a price board
Gold purity can be expressed in karats or in parts per thousand. The familiar 24K label represents the top of the 24-part karat scale; bullion sellers may specify 999 for at least 99.9% nominal fineness or 999.9 for 99.99%. Always read the actual product’s assay information instead of assuming every item marketed as 24K has identical supporting documentation.
The number matters when a dealer quotes two bars with the same gross weight but different declared fineness. In that situation the fine-gold content is not exactly equal, even though both may be advertised as high-purity bullion. A higher purity label does not establish that a specific item is authentic: for an expensive purchase, traceable packaging, issuer identity and reliable testing deserve attention.
The Royal Mint’s explanation of fineness sets out the difference between carat terminology and purity marking. It is a technical reference, not evidence that an individual Pakistani shop holds genuine stock or sells at any specified rupee rate.
24K gold per tola, 10 grams and one gram
Pakistan gold quotes frequently use a whole tola, but manufacturers may offer metric-weight bars. A 10-gram bar is approximately 0.8574 tola; quoting it at the same amount as one tola would ignore a meaningful weight difference. Normalise the price to a common unit before comparing two offers.
| Product weight | Equivalent weight | How to estimate benchmark metal value |
|---|---|---|
| 1 tola | About 11.6638 g | 24K per-tola benchmark × 1 |
| 10 grams | About 0.8574 tola | 24K per-gram benchmark × 10 |
| 5 grams | About 0.4287 tola | 24K per-gram benchmark × 5 |
| 1 gram | About 0.0857 tola | 24K per-gram benchmark × 1 |
| 100 grams | About 8.5738 tola | 24K per-gram benchmark × 100 |
To cross-check arithmetic, take a dated per-tola quotation and divide by 11.6638 to obtain its approximate per-gram equivalent. Multiplying that result by five or ten gives an underlying rate-based estimate. This is a weight conversion, not an independent live quote or a promise about a particular dealer’s selling price.
Keep rounding under control. A printed one-gram rate may already be rounded to the nearest rupee, so multiplying it by 100 can differ slightly from scaling the unrounded per-tola price. Compare final amounts only after stating the source, purity and rounding convention.
Fine gold, 999 bullion and refinery standards
A bullion bar can bear the issuer’s name, fineness, weight and a serial number or assay identification. What counts as acceptable documentation depends on the producer and distribution chain. The LBMA’s Good Delivery rules describe specified institutional bar standards, but they do not certify every small retail bar or imply that a generic 1-tola product is part of London Good Delivery.
For example, internationally recognised specifications distinguish gold and silver fineness and record identifying markings. Such standards are useful when understanding the idea of measurable metal content. They should not be used to claim that a locally sold product has passed a particular international assessment without evidence from its refiner.
A sealed wrapper is helpful for traceability, yet packaging can be copied. Do not treat a serial number printed on a sticker as conclusive on its own. Ask the seller about the issuing refinery, accompanying paperwork, tamper evidence and whether independent testing is available under terms that preserve the value of the item.
What makes a 24K bar cost more than its bullion value?
The underlying gold benchmark represents metal value in a stated quantity. The finished purchase price may add manufacturing, stamping, packaging, logistics, merchant margins and applicable taxes or fees. These extras are sometimes grouped into a dealer premium. Compare the full delivered cost per gram rather than only the displayed gold spot reference.
A small bar may carry a greater proportionate fabrication cost than a larger bar, but the actual premium depends on the seller and product. Therefore the claim that a particular size is always cheapest cannot be made without comparable current offers. A 10-gram bar and a one-tola bar also have different underlying weights; any fair premium comparison should first account for that difference.
Before buying, ask the seller for both sides of the trade: today’s customer buying price and the cash amount they would pay to buy back the same bar. The difference, called the spread, is a real transaction cost. A quoted bar value that excludes a potentially significant resale deduction gives only part of the decision.
Gold bar, coin or 24K jewellery: the practical choice
A buyer seeking a clearly identified gold quantity may prefer a documented bar, while someone purchasing a gift may value a coin or crafted item for reasons beyond metal content. A coin can carry a collector or fabrication premium. Gold jewellery is priced differently because appearance, labour, repair and wear all affect the transaction.
Do not infer that every coin described as gold contains 24K metal. Collectible coins are produced in varying purities. Check the stated fineness, exact total weight, manufacturer and documentation before using this page’s 24K benchmark. For 22K and other alloys, the main gold rate overview provides context on purity and general market quotations.
Stone-set rings require an entirely different comparison, since stone weight and craftsmanship are not gold weight. Our diamond-ring buyer guide explains why the finished design can matter more to the invoice than a simple per-gram metal figure.
International bullion quotes and Pakistan rates
International gold-market headlines usually quote US dollars per troy ounce. One troy ounce is approximately 31.1035 grams; a local tola is approximately 11.6638 grams. Currency conversion requires a USD/PKR rate recorded for a specified period. Changes in the global gold benchmark and the exchange rate can both affect the rupee equivalent.
However, a calculated international equivalent may differ from a Pakistani market quotation because timings, market conventions and local transaction premiums vary. The State Bank of Pakistan financial-market data is useful for understanding the available types of exchange-rate observations, not for verifying an individual jeweller’s bullion price.
A safe checklist for buying 24K bars in Pakistan
- Confirm whether the item is genuinely 24K and whether its assay reads 999, 999.9 or another fineness.
- Check gross weight, declared fine-metal content and whether pricing uses grams or tolas.
- Identify the issuer, original packaging, serial details and documented verification route.
- Ask for the complete selling price and all fabrication, tax or handling amounts.
- Request a written buyback quotation or clearly stated buyback policy before purchase.
- Keep the seller invoice, supporting assay information and identifying photographs where lawful.
When comparing sellers, the most useful number is not always the lowest advertised rupees-per-tola figure. Traceable product identity and realistic exit costs matter because you eventually need to know what you own and what a dealer may pay for it.
How to use a daily 24K rate responsibly
The 24K price display above may change as fresh data is entered or received. It is not proof that an underlying rate is independently verified merely because the display loads. Our price-verification policy distinguishes the observation date from an article edit date and explains why different rate sources must not be mixed indiscriminately.
For recordkeeping, save the quoted purity, amount, unit, date, source and seller’s actual offer together. If any of those is unavailable, the rate should be treated as a reference requiring confirmation rather than a complete contract price.
Frequently asked questions
What is the difference between 24K and 999 gold?
24K describes gold at the top of a 24-part purity scale. A 999 mark describes fineness of 999 parts gold per thousand, or 99.9%; 999.9 refers to 99.99%. These labels overlap in common bullion marketing but are not identical methods of stating measurement. Read the exact assay marking and supporting documents for the product being sold.
How much does one tola of 24K gold weigh?
One tola is approximately 11.6638 grams. It is heavier than a standard 10-gram bar. Divide any dated 24K per-tola reference by 11.6638 to estimate its comparable per-gram metal value, then account separately for the dealer’s specific premium or costs. Do not equate a bar’s marked weight with its packaging weight.
Is a 24K gold bar the same price as the market rate?
Not necessarily. The headline 24K rate is a metal benchmark in a stated unit and date. A retail bar may include manufacturing, assay, packaging, dealer premium and applicable taxes or handling charges. Request an all-inclusive price and compare it with the documented market reference. Ask what the dealer would pay if you sold the identical item back.
Is 24K gold suitable for everyday jewellery?
Fine gold is relatively soft compared with jewellery alloys containing other metals. That characteristic can matter for rings or bangles exposed to repeated wear. Some objects are made using high-purity gold, but the right choice depends on the actual construction and intended use. A seller should explain the product’s fineness, durability and repair terms rather than assuming all 24K pieces perform identically.
Can I calculate the 24K price for a five-gram bar?
Yes, as a theoretical metal-value estimate: divide a trustworthy 24K per-tola rate by 11.6638 and multiply by five. Keep the underlying date and rupee unit consistent. The answer excludes fabrication, seller premium and other transaction charges, so it will not necessarily equal a shop’s invoice for a packaged five-gram bar.
Why might two 24K bars have different selling prices?
Weight, fineness, producer, authenticity documentation, fabrication costs, packaging and the seller’s margin can differ. Two bars may each carry the broad label “24K” while having distinct assay markings and buyback conditions. Make a like-for-like comparison using the fine gold weight and total payable price, then read any limitations in the return or resale terms.
Does gold always increase in value?
No. The local market price can rise or fall as bullion prices and currency values change. The price at which you buy may also include premiums that are not recovered when selling. Gold holdings therefore involve price risk as well as storage, authentication and transaction considerations. This article is general price information, not a personalised investment recommendation.