Gold price in Karachi today
The current gold rate in Karachi, in PKR, with the local market context behind it. Updated 29 April 2026.
Key takeaways
- Gold in Karachi is quoted in PKR, and the rate on this page moves with the market.
- The price you actually pay is usually above the quoted rate once a dealer's premium and any local taxes are added.
- Wherever you buy, check the gold is real, allocated to you, and independently verified — not an IOU on someone's ledger.
- With Stacks you can buy real, allocated gold from your phone. RSM independently audits the gold monthly for existence and reconciliation, so holdings match what's issued.
Gold rate in Karachi today
Per gram, in PKR. Updated 26 August 2026.
International reference: $4,596.72 / oz
| Purity | Per gram | Per 10 grams |
|---|---|---|
| 24K (999) | Rs 40,981 | Rs 409,810 |
| 22K (916) | Rs 37,539 | Rs 375,386 |
| 21K (875) | Rs 35,858 | Rs 358,584 |
| 18K (750) | Rs 30,736 | Rs 307,358 |
Indicative rates derived from the international spot price. Retail prices may differ by a small dealer margin and any local making charge or tax.
How does the Karachi gold market work?
Karachi is Pakistan's commercial capital and its largest gold market, anchored by the Sarafa Bazaar in Saddar and the wholesale traders around Zaibunnisa Street. The All Pakistan Gem & Jewellers Sahulat Association (APGJSA) publishes a daily rate per tola (11.664 grams) and per 10 grams that almost every retailer in the city quotes against. Pakistani buyers pay close attention to the rupee's exchange rate against the dollar, because gold here serves as both an ornament and an inflation hedge — when the rupee weakens, local gold prices rise even when the international price is flat. There is no VAT on physical gold in Pakistan, but jewellery carries a making charge of around 8 to 12 percent. Purity is usually quoted as 22-karat for jewellery and 24-karat for bars; reputable refiners include Pakistan Mint and a handful of local assayers whose stamps are recognised across Sindh and Punjab.
Other ways to save in gold
Physical bars and coins from a refiner are the most direct form of gold ownership. Beyond that, gold ETFs offer paper exposure without storage, and a newer category of allocated digital gold apps — Stacks is one of them — let you save in fractional grams backed by audited vault holdings, with the option to redeem or send the gold to someone else. Each form trades convenience against the cost of custody; none replaces a basic understanding of how the local market sets price.
Frequently asked questions
Why does the gold rate in Karachi move when the international price hasn't?
Because the rupee moves. Gold is priced globally in dollars, so the local rate reflects both the international price and the rupee's exchange rate against the dollar. When the rupee weakens, gold in Karachi gets more expensive in rupee terms even if the international price is flat. That mechanism is exactly why gold here serves as an inflation hedge as much as an ornament.
Do I pay tax or VAT on gold in Pakistan?
There is no VAT on physical gold in Pakistan. What you pay on jewellery is the making charge, which runs around 8 to 12 percent and covers craftsmanship rather than metal. Ask for the gold value and the making charge as separate lines on the invoice — that is the only way to see what an ornament is really costing you above the day's rate.
What is a tola, and how do I compare it with a gram price?
A tola is 11.664 grams. The All Pakistan Gem & Jewellers Sahulat Association publishes a daily rate both per tola and per 10 grams, and almost every retailer in Karachi quotes against it. If a shop gives you a per-tola figure and you want to line it up against an international per-gram price, divide by 11.664. Comparing in the same unit is the fastest way to spot a shop quoting above the day's rate.
Where do people buy gold in Karachi?
Sarafa Bazaar in Saddar is the main market, and the wholesale traders cluster around Zaibunnisa Street. Both quote against the same APGJSA daily rate, so the metal price should be broadly consistent across the city — what differs from shop to shop is the making charge and the dealer's premium. Jewellery is usually 22-karat; bars are 24-karat.
How do I know the gold is real?
Start with the karat marking — 22-karat for jewellery, 24-karat for bars — and buy from sellers whose stamps you can identify. Pakistan Mint and a handful of established local assayers carry stamps that are recognised across Sindh and Punjab, which is part of what makes a piece straightforward to resell later. Have it weighed in front of you, keep the itemised invoice, and for a large purchase get it assayed independently before you pay.
Should I buy jewellery or bars?
If you are building a wedding reserve or holding gold against inflation, bars are the more efficient form: 24-karat, priced against the day's rate, with none of the 8-to-12-percent making charge that will not come back at resale. Jewellery makes sense when you want to wear it and the design matters to you. If you simply want to hold the metal, apps such as Stacks are another option: real, allocated gold you can buy by the gram from your phone, with an independent auditor, RSM, verifying monthly that the gold exists and that holdings match what's issued.
Gold prices in other cities
Save in gold from Karachi
Stacks is live — download the app to buy fractional, allocated gold and send it across borders. Every gram is allocated and audited monthly by RSM.