How Gold and Commodity Prices Work
Gold in Pakistan is quoted per tola (about 11.66 grams) and per 10 grams, but those local rates are not set locally. They follow the international spot price, which is quoted in US dollars per troy ounce, converted at the prevailing dollar rate. This is why a local gold rate can rise even on a day when the international price is flat — a weaker rupee alone is enough.
Why the shop price is higher
The published rate is for the metal itself. What a jeweller charges also includes making charges, wastage and applicable duties, which vary by design and by shop. Purity matters too: 24K is pure gold, while 22K and 21K contain other metals for durability and are priced proportionally lower.
What you will find here
Analysis of what is moving precious metal prices, coverage of the commodity markets that affect Pakistani industry, and explainers for first-time buyers. For today's live figures in every unit, see our gold and silver rates page.