24K Gold
| Product / Item | Variant / Model | Unit | City / Region | Price |
|---|---|---|---|---|
| 24K Gold - 1 Tola | 24K | tola | Pakistan | Rs. 422,036 |
| 24K Gold - 10 Grams | 24K | 10 grams | Pakistan | Rs. 361,827 |
Gold rates in Pakistan are usually quoted in Pakistani rupees for 24-karat gold per tola and per 10 grams. Other rates, including 22K, 21K and 18K, describe gold of different purity. Check the quotation’s date, weight and karat before comparing prices. A daily bullion rate gives a useful starting point, but it does not tell you the final cost of a ring, bangle or necklace: making charges, non-gold components and the jeweller’s selling terms can change the bill.
How to read the gold rate in Pakistan
The main figure reported in Pakistani gold-market news is commonly the 24K price for one tola. Market reports also publish the price for 10 grams, sometimes with a daily change from the previous trading session. The All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) is frequently cited as the source of the local bullion-market quotation. This is a market quotation, not a government-mandated retail selling price for every jewellery shop.
When a website calls a rate “”today’s gold price,”” check when that particular figure was reported. An automatically changing page date does not itself prove that the number was updated. Different websites may also carry earlier updates, independently calculated purity rates or differing market quotes. Keep the source and timestamp alongside any amount you rely on.
What is the difference between 24K, 22K, 21K and 18K gold?
Karat describes how much of a gold alloy is gold. A 24K item is essentially pure gold, while lower karat values mix gold with other metals. This distinction matters because two pieces with the same total weight may contain different amounts of precious metal. Jewellery alloys can also vary in colour, strength and design.
| Purity | Approximate gold content | Common fineness description | What to compare |
|---|---|---|---|
| 24K | Near 100% (often 999 fineness) | 999 | Bullion-grade bars, coins and pure-gold quotations |
| 22K | 91.67% | 916 or equivalent mark | Higher-purity jewellery and its workmanship |
| 21K | 87.5% | 875 | Jewellery sold specifically as 21K |
| 18K | 75% | 750 | Designed jewellery, including some stone-set pieces |
The percentages follow the karat ratio out of 24. For example, 22 ÷ 24 is approximately 91.67%. The actual fineness and workmanship of a particular item must be checked independently. A stamp can help identify the stated purity, but do not treat an unverified stamp alone as proof of authenticity.
One tola, 10 grams and one gram: getting the weight right
Pakistani gold rates commonly use both tolas and grams. One tola equals approximately 11.6638 grams; it is not exactly 12 grams. A 10-gram quotation therefore covers less gold than a one-tola quotation, even when both refer to the same karat. Always confirm which unit appears on a price board, quotation or invoice.
| Weight | Equivalent | Practical meaning |
|---|---|---|
| 1 tola | About 11.6638 g | Traditional unit for Pakistan bullion quotes |
| Half tola | About 5.8319 g | Half the metal weight of one tola |
| 10 grams | About 0.8574 tola | Standard second unit in market reports |
| 1 gram | About 0.0857 tola | Useful for smaller items and calculations |
If a published 24K per-tola rate is available, divide it by 11.6638 to obtain an approximate 24K value per gram. Multiply that value by the item’s gold weight to estimate the underlying metal value. This conversion does not include jewellery-making costs, dealer margins or other charges.
How to estimate the cost of gold jewellery
Buying jewellery is different from buying gold solely by metal weight. The price of a necklace or ring can include the value of the gold content, workmanship (often called making charges), stones, design-related fees and any applicable taxes or seller charges. These items should be identifiable on the quotation rather than hidden inside a single unexplained amount.
A basic check for jewellery without separate stones is:
Estimated gold value = net gold weight in grams × 24K rate per gram × (karat ÷ 24).
Then add the maker’s quoted labour charges and any other clearly identified charges. This is a calculation framework, not a guaranteed retail price: an individual shop may quote a direct rate for 22K gold instead of calculating it from 24K, and any jewellery-related taxes or pricing terms depend on the actual transaction.
Ask whether the weight on the receipt is gross weight (including stones, pearls or non-gold parts) or net gold weight. For a stone-set piece, it would overstate metal value to charge the full gross weight as if every gram were gold. Also ask whether making charges are quoted for the whole item, per gram, or as a percentage of the metal value.
Why gold prices change in Pakistan
Pakistan’s bullion prices are influenced by the international price of gold, usually discussed in US dollars per troy ounce, and the rupee’s exchange rate against the dollar. Changes in the global gold market or the PKR exchange rate can affect a locally reported rupee price. Local supply, demand and dealer premiums may also influence the amount a customer is offered.
These factors do not imply that one published dollar-gold quote can be converted mechanically into the exact price at every Pakistani jewellery shop. Different market benchmarks, conversion times and transaction charges matter. The State Bank of Pakistan
Karachi, Lahore, Islamabad and other city quotations
Gold-market reports often use a national per-tola benchmark or a widely circulated Sarafa quotation. For buyers in Karachi, Lahore, Rawalpindi, Islamabad, Faisalabad, Multan, Peshawar or Quetta, that benchmark is a starting point for comparison, not proof that every shop has an identical final price.
A shop may charge separately for labour, provide different buyback terms, or quote a different margin for coins and small pieces. Before choosing a seller, obtain written same-day quotations for the same purity, net weight, design and inclusions. Do not compare a 24K bullion figure with an all-inclusive 22K jewellery bill and conclude that one city is more expensive.
Gold bars, coins and jewellery: which quoted price matters?
Someone comparing gold bars or coins should concentrate on the declared fineness, exact weight, seller premium, genuine packaging and resale terms. An investor’s quoted purchase price may include costs above the bullion benchmark, and the amount offered by a dealer when buying back may be lower than the retail selling price. Ask for both quotations before paying.
For jewellery, craftsmanship, fit, design and repairability may be relevant alongside gold content. Making charges are part of the purchase cost but are not the same as recoverable gold weight. Treat claims of guaranteed profit or a fixed future resale value with caution: gold prices can rise or fall.
Checks to make at the jeweller’s counter
- Confirm the karat and stated fineness, and ask how the seller verifies it.
- Ask for the net gold weight separately from stones and other components.
- Compare the shop’s dated metal rate with a current, attributed Sarafa-market report.
- Request a written breakdown of making charges, other fees and total payable.
- Keep a detailed receipt stating weight, purity, price and seller details.
- Ask about exchange, return, repair and buyback deductions before purchasing.
If purity is central to a high-value purchase or resale, consider an independent jewellery or precious-metal testing service rather than relying only on verbal assurances. Testing methods and any charges should be explained in advance.
Frequently asked questions
How many grams are there in one tola of gold?
One standard tola is approximately 11.6638 grams. A 12-gram item is slightly heavier than one tola, so the two weights should not be used interchangeably in cost calculations.
Is the 22K gold price the same as the 24K gold price?
No. Pure-gold content differs. At the same weight, 22K gold contains about 91.67% as much gold as a comparable 24K reference, before the effect of retailer charges and market-specific quotations.
Why is a ring more expensive than its calculated metal value?
A finished ring may include making charges, design or setting work, stones and seller margins. Request an itemised quote to separate those costs from the value of the gold itself.
Do shops pay the published gold rate when buying jewellery back?
Not necessarily. The shop may examine purity, determine recoverable gold weight and apply its own buyback terms or deductions. Ask for a written calculation before agreeing to sell.
Where should I verify a daily gold price?
Start with a dated market report that identifies its quotation source, such as Business Recorder’s gold-rate coverage. Cross-check reports and ask a local jeweller for a same-day quotation. See the World Gold Council’s guide to purity for an explanation of karats and fineness.