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Pakistan Gold Market Calendar 2026–2027

Pakistan's gold rate is set each trading day by the All Pakistan Gems and Jewellers Sarafa Association, Saturdays included, and gold futures trade on PMEX. Buying follows the calendar: the winter wedding season peaks in December, families buy ahead of Eid, a second wedding rush runs from Eid al-Fitr until Muharram, and weddings are avoided in Ramadan and the first ten days of Muharram. The next PMEX holiday is Quaid-e-Azam Day and Christmas on Friday, 25 December (in 60 days; closed all day, expected); the next wedding season starts on 1 November.

Dates checked 26 October 2026 · Times in Pakistan time (PKT, UTC+5) · Islamic dates depend on the moon sighting · Not financial advice

PMEX tola gold futures
Open now
Today: 5:00 am to 2:00 am next day, Mon–Fri
Sarafa (APGJSA) rate
Once a day
Saturdays included; unchanged over Eid breaks. Shop prices add making charges and 3% sales tax at registered jewellers.
Gold now · 24K, Rs per tola
Rs 4,17,198
International price in rupees, before local premiums and taxes · today's Pakistan rate

Status at Mon 26 Oct, 7:40 pm PKT; refreshed every few minutes.

Coming up: October 2026 to February 2028

Add to calendar
  • Weddings
    Winter wedding season 1 Nov 2026 – 7 Feb 2027 The main season, peaking in December ("Decemberistan"). Families buy bridal gold sets in the weeks before. It ends early in 2027 because Ramadan starts in early February.
    in 6 days
  • Holiday
    Allama Iqbal Day Mon 9 Nov 2026 · Public holiday; banks closed In past years PMEX kept international futures open on this holiday and closed futures on local commodities.
    in 14 days
  • Market
    Quaid-e-Azam Day and Christmasexpected Fri 25 Dec 2026 · Public holiday; banks closed; PMEX closed in past years The 26th is a holiday for Christian employees only.
    in 60 days
  • Market
    Bank holidayexpected Fri 1 Jan 2027 · Banks closed for public dealing The State Bank announces it each December.
    in 67 days
  • Holiday
    Kashmir Solidarity Dayexpected Fri 5 Feb 2027 · Public holiday; banks closed (Friday)
    in 102 days
  • Ramadan / Eid
    Ramadanestimate 9 Feb – 9 Mar 2027 Few weddings are held, but gold buying for Eid and the weddings that follow picks up. Pakistan often starts a day after Saudi Arabia (19 February in 2026), so the first fast may be on 8 or 9 February; the Ruet-e-Hilal Committee decides.
    in 106 days
  • Ramadan / Eid
    Eid al-Fitrestimate 10–12 Mar 2027 · Public holiday (expected three days); banks closed; no new Sarafa rate until the first trading day after Eid May be a day later, depending on the moon sighting.
    in 135 days
  • Weddings
    Wedding season after Eid 10 Mar – 5 Jun 2027 A second rush runs from Eid al-Fitr, with many families aiming to finish before Muharram.
    in 135 days
  • Holiday
    Pakistan Dayexpected Tue 23 Mar 2027 · Public holiday; banks closed (Tuesday)
    in 148 days
  • Holiday
    Labour Dayexpected Sat 1 May 2027 · Public holiday; banks closed (Saturday)
    in 187 days
  • Ramadan / Eid
    Eid al-Adhaestimate 17–19 May 2027 · Public holiday (expected three days); banks closed; no new Sarafa rate until after Eid 16–18 May if the moon is seen a day early.
    in 203 days
  • Holiday
    Youm-e-Takbeerexpected Fri 28 May 2027 · Public holiday; banks closed (Friday)
    in 214 days
  • Ramadan / Eid
    Islamic New Year (1 Muharram 1449)estimate Sun 6 Jun 2027 Could be 5 or 7 June.
    in 223 days
  • No weddings
    First ten days of Muharram 6–15 Jun 2027 Weddings are commonly avoided in Muharram, especially up to Ashura; bookings rise just before it begins.
    in 223 days
  • Ramadan / Eid
    Ashura (9 and 10 Muharram)estimate 14–15 Jun 2027 · Public holiday; banks closed
    in 231 days
  • Market
    Bank holidayexpected Thu 1 Jul 2027 · Banks closed for public dealing
    in 248 days
  • Holiday
    Independence Dayexpected Sat 14 Aug 2027 · Public holiday; banks closed (Saturday)
    in 292 days
  • Ramadan / Eid
    Eid Milad-un-Nabi (12 Rabi ul Awwal)estimate Sun 15 Aug 2027 · Public holiday; banks closed Could fall on 14 August, the same day as Independence Day.
    in 293 days
  • Weddings
    Winter wedding season 1 Nov 2027 – 15 Feb 2028 The next cool-weather season, peaking in December.
    in 371 days
  • Holiday
    Allama Iqbal Dayexpected Tue 9 Nov 2027 · Public holiday; banks closed (Tuesday)
    in 379 days
  • Holiday
    Quaid-e-Azam Day and Christmasexpected Sat 25 Dec 2027 · Public holiday; banks closed (Saturday)
    in 425 days

Subscribe in Google Calendar, Apple Calendar or Outlook: webcal://goldprice.corgano.com/pakistan-gold-market-calendar.ics. "Estimate" dates follow the moon sighting and can move by a day; "expected" dates are not yet officially announced.

Market and Bank Holidays

Days when PMEX, the banks or the Sarafa rate are expected to stop. Pakistan's 2027 holiday list had not been published in October 2026, and PMEX and the Sarafa association announce closures shortly before.

Market and bank holidays 2026

Official list; later dates expected
DateHolidayTrading
Mon 9 Nov 2026Allama Iqbal DayPublic holiday; banks closed
Fri 25 Dec 2026Quaid-e-Azam Day and ChristmasexpectedPublic holiday; banks closed; PMEX closed in past years

Market and bank holidays 2027

Expected — official list not yet out
DateHolidayTrading
Fri 1 Jan 2027Bank holidayexpectedBanks closed for public dealing
Fri 5 Feb 2027Kashmir Solidarity DayexpectedPublic holiday; banks closed (Friday)
10–12 Mar 2027Eid al-FitrestimatePublic holiday (expected three days); banks closed; no new Sarafa rate until the first trading day after Eid
Tue 23 Mar 2027Pakistan DayexpectedPublic holiday; banks closed (Tuesday)
Sat 1 May 2027Labour DayexpectedPublic holiday; banks closed (Saturday)
17–19 May 2027Eid al-AdhaestimatePublic holiday (expected three days); banks closed; no new Sarafa rate until after Eid
Fri 28 May 2027Youm-e-TakbeerexpectedPublic holiday; banks closed (Friday)
14–15 Jun 2027Ashura (9 and 10 Muharram)estimatePublic holiday; banks closed
Thu 1 Jul 2027Bank holidayexpectedBanks closed for public dealing
Sat 14 Aug 2027Independence DayexpectedPublic holiday; banks closed (Saturday)
Sun 15 Aug 2027Eid Milad-un-Nabi (12 Rabi ul Awwal)estimatePublic holiday; banks closed
Tue 9 Nov 2027Allama Iqbal DayexpectedPublic holiday; banks closed (Tuesday)
Sat 25 Dec 2027Quaid-e-Azam Day and ChristmasexpectedPublic holiday; banks closed (Saturday)

How the rate and the market work

Sarafa rate: the All Pakistan Gems and Jewellers Sarafa Association (APGJSA) publishes one rate a day for a tola and 10 grams of 24K gold, Saturdays included. Over the Eid breaks the rate is reported as unchanged, and the next one comes on the first trading day after the holiday. Shop prices add making charges (mazdoori), and registered jewellers charge 3% sales tax on locally made jewellery.

PMEX tola gold futures trade Monday to Friday, 5:00 am to 2:00 am the next day (PKT), under the contract specification; PMEX adjusts its international hours when US clocks change, so check its notices. On some gazetted holidays, such as Iqbal Day, PMEX has kept international futures open while closing futures on local commodities, and it closed completely on Christmas Day.

Ramadan, Eid and the wedding seasons

Ramadan 2027 is expected to start on 8 or 9 February, with Eid al-Fitr on about 10 March; Pakistan's Ruet-e-Hilal Committee decides, and Pakistan often starts a day after Saudi Arabia. Eid al-Adha is expected around 17 May.

Weddings drive much of Pakistan's gold buying. The winter season (roughly November to February, peaking in December) is the biggest; a second season runs from Eid al-Fitr until Muharram, which in 2027 begins around 6 June. In Punjab, the Marriage Functions Act limits wedding meals to one dish and sets closing times for wedding halls; Lahore sealed nine halls for breaches in October 2025.

Gold in Rupees by Season

Gold in rupees month by month, and the run-up to Eid, when demand from families buying for Eid and weddings is strongest.

Average change by month · 20 years, in PKR

+5%+2.5%0%Jan: avg +4.52%, median +3.70%, up in 75% of 20 years+4.5JanFeb: avg +1.02%, median +0.73%, up in 50% of 20 years+1.0FebMar: avg +1.79%, median +0.36%, up in 55% of 20 years+1.8MarApr: avg +1.85%, median +1.54%, up in 65% of 20 years+1.9AprMay: avg +1.06%, median +0.12%, up in 55% of 20 years+1.1MayJun: avg +0.93%, median +0.12%, up in 50% of 20 years+0.9JunJul: avg +3.12%, median +3.12%, up in 70% of 20 years+3.1JulAug: avg +2.13%, median +2.77%, up in 65% of 20 years+2.1AugSep: avg +0.34%, median -0.00%, up in 50% of 20 years+0.3SepOct: avg +0.65%, median +2.58%, up in 60% of 20 years+0.7OctNov: avg +1.25%, median +1.75%, up in 60% of 20 years+1.3NovDec: avg +1.65%, median +1.15%, up in 60% of 20 years+1.7Dec
Strongest month
Jan (+4.5%)
Weakest month
Sep (+0.3%)
Oct historically
avg +0.7%, up in 60% of years
Month-end to month-end change in the international gold price converted to rupees, over the last 20 complete years. History, not a forecast.

The 30 days before the big buying days

DayYearsGold roseAverageLast time
Eid al-Fitr2517 of 25+2.9%−8.4% (2026)
Eid al-Adha2511 of 25+0.5%−5.7% (2026)
Change in the international gold price in rupees over the 30 days up to each festival, every year since 2002. Gold rose in most 30-day spells over this period anyway, so a rise before a festival is not proof that festival buying moved the world price; local demand shows up more in dealer premiums and discounts. Each festival page has the year-by-year prices.

Useful to know

  • Pakistan began Ramadan on 19 February 2026, one day after Saudi Arabia. Source
  • The State Bank of Pakistan makes 1 January and 1 July bank holidays, when banks are closed for public dealing. Source
  • The Pakistan Stock Exchange also closed on Juma-tul-Wida, the last Friday of Ramadan, in 2026. Source
  • One tola is 11.6638 grams; Sarafa rates are quoted per tola and per 10 grams.
Other calendars: India gold calendar · Dubai gold calendar · US economic calendar (Fed, CPI, jobs) · gold price on festivals

Pakistan gold calendar: FAQ

When is the next PMEX holiday?

PMEX's next holiday is Quaid-e-Azam Day and Christmas on Friday, 25 December 2026: public holiday; banks closed; PMEX closed in past years. This date is provisional until it is officially confirmed.

When is the wedding season in Pakistan?

The next wedding season runs 1 Nov 2026 – 7 Feb 2027. The main season, peaking in December ("Decemberistan"). Families buy bridal gold sets in the weeks before. It ends early in 2027 because Ramadan starts in early February.

Does the gold price rise before Eid al-Fitr?

Not reliably. Over the 25 years in our data, gold in rupees rose in the 30 days before Eid al-Fitr in 17 of them, by +2.9% on average (median +2.4%). Gold's long upward trend accounts for much of that, so a typical month shows a rise too. World prices are set in London and New York, so local festival demand moves dealer premiums and discounts more than the price itself.

Does the gold price rise before Eid al-Adha?

Not reliably. Over the 25 years in our data, gold in rupees rose in the 30 days before Eid al-Adha in 11 of them, by +0.5% on average (median −0.6%). Gold's long upward trend accounts for much of that, so a typical month shows a rise too. World prices are set in London and New York, so local festival demand moves dealer premiums and discounts more than the price itself.

Is the gold market open on Sunday in Pakistan?

The Sarafa association publishes its rate on trading days, Saturdays included, and the press reports the weekly move using Saturday's rate. We found no official rule on Sunday trading for Sarafa markets; practice varies by city and market, so check with your jeweller. PMEX gold futures do not trade at weekends.

Is the gold rate updated during Eid?

No. Over the Eid holidays the Sarafa rate is reported as unchanged, and the next rate comes on the first trading day after the break. This page's international price in rupees keeps updating whenever world markets are open.

When is Ramadan 2027 in Pakistan?

Ramadan is expected to begin on 8 or 9 February 2027 and Eid al-Fitr to fall on about 10 March, depending on the moon sighting. Pakistan often starts a day after Saudi Arabia; the Ruet-e-Hilal Committee announces the dates.

Do people avoid weddings in Muharram?

Many families avoid weddings in Muharram, especially in the first ten days up to Ashura, so weddings cluster just before it begins. In 2027 Muharram is expected to start around 6 June.

Do gold prices go up before weddings and Eid in Pakistan?

Local demand rises, and the Sarafa rate can carry a bigger premium over the international price at busy times. But the rate mainly follows the world gold price and the rupee-dollar exchange rate, so it can fall in wedding season too.

Sources

Dates checked October 2026. Exchanges and governments can change holidays at short notice, and Islamic holidays follow the moon sighting; check the official announcement before you rely on a date. Not financial advice.