How gold is priced in Pakistan
In Pakistan gold is priced per tola (11.6638 g) and per 10 grams, mostly for 24K gold, with 22K and 21K common in jewellery. The prices here are the international spot price converted at today's USD/PKR rate — the benchmark local dealers start from.
How the local rate is set
The All Pakistan Gems and Jewellers Sarafa Association publishes daily per-tola rates for the major markets. These follow the international price and the dollar, but often carry a small premium: dealers reported around $20 an ounce above international prices in mid-2026. Shop prices then add making charges (mazdoori) and any losses (kaat) on jewellery.
Taxes
Sales tax on gold is charged under special rules in the Sales Tax Act rather than the standard rate: reported rates are about 1.5% of the gold value plus 3% of making charges for jewellery, and 1% for unworked gold. Imports outside the export scheme are taxed more heavily. Rates are set in the annual Finance Act — confirm current figures with the FBR before a large purchase.
Why Pakistanis hold gold
Gold is central to weddings and bridal sets, and it is widely held as a hedge against rupee weakness and inflation — which is why gold priced in rupees has risen far more than gold priced in dollars over the long run (see the performance figures above).
Tax and duty information last reviewed October 2026. Rules change — confirm with your dealer or tax authority before a large purchase.