In one line: Gold in Pakistan is quoted per tola (11.6638 g). The rupee price tracks the international gold price and the PKR/USD rate together — which is why gold has historically kept pace with rupee depreciation. The live rate is below; use the forecast calculator to project what an amount invested in gold today could be worth.
The chart below tracks the 24-karat gold rate per tola over roughly the last six years. The steep climb mostly reflects two forces working in the same direction: a rising international gold price and a weaker rupee. When the rupee loses value against the dollar, the same ounce of gold costs more rupees — so for a Pakistani saver, gold has behaved like a hedge against both global uncertainty and local currency depreciation.
Enter an amount you would invest in gold today and a time horizon. The calculator shows how much gold that buys at the current rate and projects its future value at an expected annual appreciation rate, alongside an inflation-adjusted view and a comparison with a National Savings certificate.
Estimates for guidance only, not investment advice. Future returns are unknown; the default growth rate is the historical average and may not repeat. Local jewellers add making charges and may quote slightly different rates. Verify the live rate before buying.
Gold trades globally in US dollars per troy ounce (31.1035 grams) of pure, 24-karat gold. Pakistan quotes gold in rupees per tola, where one tola is 11.6638 grams, and also per 10 grams and per gram. To convert, the international dollar price is divided by the grams in an ounce, multiplied by the PKR/USD exchange rate, and then scaled to a tola.
Because two variables drive the rupee price — the global gold price and the exchange rate — Pakistani gold can rise even when international gold is flat, simply because the rupee weakened. Purity matters for jewellery: 22K is about 91.7% of the 24K rate, 21K about 87.5%, and 18K about 75%. The daily reference rate is published by the Sarafa (jewellers') associations; the price at a shop also includes making charges and, for coins or bars, a small premium.
Gold's strength is that it holds value when the rupee and other assets wobble. Over the last several years it has broadly kept pace with — and at times beaten — inflation, which is its main job in a portfolio. Its weakness is that it produces no income: unlike a National Savings certificate or a dividend stock, a tola of gold pays nothing while you hold it, and its price can stall or fall for long stretches. Storage and security are real costs too.
A common, balanced approach is to treat gold as a 10–20% diversifier rather than a core holding — enough to cushion currency shocks without giving up the income that savings and equities provide. For a structured allocation across savings, funds, stocks and gold, use the investment comparison tool, and read the full gold investment guide.
If your gold — by itself or together with cash and other zakatable wealth — exceeds the nisab and you have held it for one lunar year, zakat is 2.5% of its current market value. Work out the exact figure with our zakat calculator.