This guide helps Pakistani buyers understand gold price history and compare current rates with earlier market levels. The main price check was made on September 11, 2026, using a 24K per-tola benchmark.
The guide covers 2025 and 2026 rates, major records, monthly movements, purity differences, and common gold units. Prices can change with international gold prices, the rupee, local market conditions, taxes, stock, and dealer spreads.
Quick Answer
Gold price history shows a 24K benchmark of about Rs 448,853 per tola on September 11, 2026. The figure was still intraday, so the final daily close can differ.
TL;DR
• 24K gold was about Rs 448,853 per tola on September 11, 2026.
• 2025 ended near Rs 456,962 per 24K tola.
• 2026 saw a major peak above Rs 600,000.
• September 2026 rates have remained near Rs 450,000.
• Jewellery prices also include making and dealer charges.
• Always confirm the final shop quote before payment.
Gold Price History in Pakistan: Current Snapshot
The latest checked benchmark puts 24K gold at Rs 448,853 per tola on September 11, 2026. This was an intraday figure, not a completed daily closing price.
Different archives can show slightly different rates because they use different market references. A jewellery shop can also quote more because of making charges and its own spread.
• 24K: Rs 448,853 per tola
• 24K: Rs 384,819 per 10 grams
• 24K: Rs 38,482 per gram
• 22K: Rs 411,149 per tola
• 21K: Rs 392,746 per tola
• 18K: Rs 336,640 per tola
• Price-check date: September 11, 2026
• Status: Intraday Sarafa benchmark
• Final shop price: May be higher for jewellery
• Final daily close: May differ from the intraday figure
Gold Price History for 2025
Gold had a major upward year in Pakistan during 2025. Contemporary market reporting shows the 24K rate moving from Rs 273,600 per tola on January 1 to Rs 456,962 on December 31.
That means the year-end level was about Rs 183,362 above the January 1 rate. The year also included several sharp jumps and temporary declines.
• January 1 rate: Rs 273,600 per tola
• December 31 rate: Rs 456,962 per tola
• January 1 10g rate: Rs 234,568
• December 31 10g rate: Rs 391,771
• December 12 rate: Rs 454,262 per tola
• December 23 rate: Rs 462,362 per tola
• December 27 rate: Rs 475,662 per tola
• December 30 rate: Rs 459,462 per tola
• December 31 rate: Rs 456,962 per tola
• Main reference: 24K gold
• Market source: APSGJA reporting
• Jewellery prices could include additional charges
Gold Price History for 2026
The first part of 2026 was highly volatile. A historical benchmark archive records a peak of Rs 616,790 per tola on February 6, followed by a substantial decline during the following months.
By June and July, the benchmark was much lower. September then returned toward the Rs 450,000 level, showing why a single annual number can hide large movements.
• February high: Rs 616,790 per tola
• February average: Rs 526,263
• March average: Rs 505,612
• April average: Rs 486,136
• May average: Rs 468,163
• June average: Rs 442,359
• July average: Rs 428,595
• August average: Rs 454,203
• September average through September 9: Rs 451,851
• 2026 low recorded: Rs 421,713
• September 9 benchmark: Rs 450,793
• September 11 intraday figure: Rs 448,853
Monthly Gold Price History in 2026
Monthly history makes the 2026 movement easier to understand. The strongest levels appeared early in the year, while June and July recorded substantially lower averages.
September is incomplete, so its average should not be compared directly with a completed month without noting the different time periods.
• February range: Rs 508,105–Rs 616,790
• March range: Rs 470,655–Rs 541,000
• April range: Rs 469,650–Rs 496,180
• May range: Rs 458,000–Rs 480,240
• June range: Rs 423,370–Rs 460,485
• July range: Rs 421,713–Rs 438,500
• August range: Rs 425,500–Rs 480,566
• September range through September 10: Rs 444,727–Rs 459,540
• February was the strongest recorded month
• July recorded the lowest monthly range
• September remains a partial month
• Rates refer to 24K per-tola benchmarks
Gold Price History for the Last 10 Years
The ten-year picture shows a large increase in the rupee price of gold. Historical archives place 2016 around Rs 49,000 per tola, while recent 2026 levels are many times higher.
The increase was not caused by one factor. International gold prices, inflation concerns, global uncertainty, and the Pakistani rupee all affected local rates.
• 2016 average: around Rs 49,000 per tola
• 2017 average: around Rs 51,000
• 2018 average: around Rs 62,000
• 2019 average: around Rs 78,000
• 2020 average: around Rs 90,000–Rs 104,000, depending on source
• 2021 average: around Rs 102,000–Rs 118,000
• 2022 average: around Rs 127,000–Rs 155,000
• 2023 average: around Rs 173,000–Rs 205,000
• 2024 average: around Rs 228,000–Rs 249,000
• 2025 average: around Rs 356,798 in one calendar-year archive
• 2026: highly variable partial-year data
• Historical figures should be compared using the same methodology
Gold Price History Since 2000
Long-term records show that gold moved from only several thousand rupees per tola around the start of the 2000s into the hundreds of thousands by the 2020s. Historical archives also show a much faster increase during the last decade.
Older data needs more caution than recent Sarafa quotations. Some figures are converted from per-10-gram data, while others represent annual market averages or approximate historical levels.
• 2000: approximately Rs 5,800 in one converted annual series
• 2010: approximately Rs 34,510 in the same converted series
• 2020: approximately Rs 90,912
• 2021: approximately Rs 102,175
• 2022: approximately Rs 127,067
• 2023: approximately Rs 172,934
• 2024: approximately Rs 248,756
• 2025: approximately Rs 356,798
• 2026: partial-year figures vary by archive
• Older figures may use annual averages
• Recent figures may use daily market closes
• Never mix different methodologies without labeling them
Gold Price History Since 1947
Historical estimates place the price of gold around Rs 90–Rs 100 per tola near Pakistan’s independence. These early figures are approximate because a complete official daily market archive does not exist for that period.
The long-term increase reflects both higher global gold prices and the changing value of the Pakistani rupee. Older historical numbers therefore need different treatment from modern daily Sarafa rates.
• 1947: approximately Rs 90–Rs 100 per tola
• 1950s: relatively stable historical pricing
• 1970s: major monetary changes affected gold values
• 1980s: gold moved into thousands of rupees
• 1990s: rupee and economic pressures became important
• 2000s: gold entered a stronger long-term rise
• 2010s: major global and currency-driven movements
• 2020: pandemic-era demand accelerated the trend
• 2023: gold crossed major Rs 200,000 milestones
• 2025: rates moved beyond Rs 400,000
• 2026: rates entered a much higher range
• Early historical values remain approximate
Highest Gold Price in Pakistan
The 2026 record is important because the market briefly moved far above later September levels. One historical benchmark records Rs 616,790 per tola on February 6, 2026.
Contemporary reporting also recorded Rs 506,362 per tola on January 22, 2026, showing how quickly the market was moving during the early-year rally.
• 2026 benchmark high: Rs 616,790
• High date: February 6, 2026
• January 22 reported rate: Rs 506,362
• 2025 December 27 rate: Rs 475,662
• 2025 December 24 rate: Rs 470,862
• 2025 December 23 rate: Rs 462,362
• 2025 December 31 close: Rs 456,962
• September 11, 2026 intraday rate: Rs 448,853
• Records can differ between market archives
• Check the date before comparing records
• Check whether the figure is intraday or closing
• Jewellery shop prices are not record benchmarks
Lowest Gold Price in Pakistan
Gold has also experienced long periods of lower prices. A historical 2010s archive records an average around Rs 46,000 per tola in 2015, with a reported low near Rs 43,000.
That period is useful because it shows that gold does not rise continuously. Comparing only the latest peak with an old low can also exaggerate the usefulness of past performance.
• 2015 reported low: around Rs 43,000 per tola
• 2015 reported average: around Rs 46,000
• 2016 average: around Rs 49,000
• 2017 average: around Rs 51,000
• 2018 average: around Rs 62,000
• 2019 average: around Rs 78,000
• Older figures are less precise than modern records
• Different archives may show different annual averages
• Currency movements affected rupee prices
• Global gold corrections affected local prices
• Historical lows do not predict future lows
• Buying decisions should use current market information
24K Gold Price History
24K gold is the clearest reference for historical comparison because it represents the highest commonly quoted purity. Pakistani gold-rate archives commonly publish 24K prices per tola and per 10 grams.
A historical comparison should keep the purity constant. Mixing 24K with 22K can make an old price appear higher or lower than it really was.
• 24K is the main historical benchmark
• One tola equals approximately 11.664 grams
• 24K contains the highest gold purity used in these comparisons
• September 11, 2026 benchmark: Rs 448,853 per tola
• September 11, 2026 equivalent: Rs 38,482 per gram
• September 11, 2026 equivalent: Rs 384,819 per 10 grams
• 2025 ended near Rs 456,962 per tola
• 2026 produced much higher early-year levels
• Jewellery can use lower purities
• Making charges are separate
• Dealer spreads are separate
• Historical comparisons should use the same purity
22K Gold Price History
22K gold is especially relevant when comparing jewellery prices. Its gold content is lower than 24K, so its underlying metal value is also lower.
The final jewellery price can still exceed the raw metal calculation. Design, craftsmanship, wastage, stones, taxes, and shop margins can all affect the final bill.
• 22K contains less pure gold than 24K
• September 11 benchmark: about Rs 411,149 per tola
• Equivalent 10g figure: about Rs 352,494
• Equivalent gram figure: about Rs 35,249
• 22K is common for jewellery
• 24K is commonly used for bullion comparison
• Making charges are not part of the benchmark
• Stone costs can be additional
• Wastage charges can vary
• Dealer margins can differ
• Selling prices may be below purchase prices
• Check purity on the invoice
Gold Price Per Tola, Gram, and 10 Grams
Pakistan’s gold market commonly quotes prices per tola, while international markets often use the troy ounce. Buyers can also see prices per gram or 10 grams.
The unit matters when comparing offers. A quoted 10-gram rate should not be compared directly with a per-tola rate without conversion.
• One Pakistani tola is about 11.664 grams
• One gram is smaller than one tola
• Ten grams is less than one tola
• 24K September 11 rate: about Rs 448,853 per tola
• 24K September 11 rate: about Rs 384,819 per 10g
• 24K September 11 rate: about Rs 38,482 per gram
• 22K September 11 rate: about Rs 411,149 per tola
• Always identify the purity before comparing
• Confirm whether the quote is bullion or jewellery
• Check whether making charges are included
• Check whether taxes are included
• Use the same unit for price comparisons
Why Gold Prices Changed in Pakistan
Pakistan’s gold price is influenced by the international gold market and the rupee’s value against the US dollar. Local market conditions can then widen or narrow the final price.
Global interest rates, geopolitical tensions, investor demand, inflation concerns, and currency movements can all affect gold. The relationship is not perfectly one-directional.
• International gold price
• USD/PKR exchange rate
• Global interest-rate expectations
• Inflation expectations
• Geopolitical uncertainty
• Central-bank gold demand
• Local investor demand
• Import and market conditions
• Sarafa market quotations
• Dealer spreads
• Jewellery demand
• Local liquidity conditions
Historical Gold Price vs Jewellery Price
A historical gold-rate chart does not tell you exactly what a jewellery shop charged. Jewellery normally includes costs beyond the underlying gold value.
This difference matters when comparing an old purchase receipt with today’s quote. The metal may have changed in value, while craftsmanship and selling deductions also affect the transaction.
• Raw 24K gold benchmark
• Jewellery purity
• Making charges
• Wastage charges
• Stone or gemstone costs
• Dealer margin
• Applicable taxes
• Brand or shop premium
• Design complexity
• Labour cost
• Buyback deduction
• Final invoice amount
How to Read a Gold Price History Chart
A gold chart becomes useful when you know what each number represents. Daily charts can show open, high, low, and close values, while monthly charts often show ranges and averages.
Always check the date and unit before drawing a conclusion. A chart showing per-ounce international prices cannot be treated as a direct Pakistani jewellery price.
• Open: Starting reference for the trading period
• High: Highest recorded price during the period
• Low: Lowest recorded price during the period
• Close: Final recorded price for the period
• Average: Mean value across the selected period
• Per tola: Common Pakistani market unit
• Per gram: Smaller comparison unit
• 24K: High-purity reference
• 22K: Common jewellery purity
• Daily chart: Short-term movement
• Monthly chart: Broader movement
• Annual chart: Long-term comparison
Is Historical Gold Performance a Reliable Buying Signal?
Historical performance can help explain what happened, but it cannot guarantee what happens next. Gold prices can move sharply in either direction.
Buyers should focus on the actual price they can buy or sell at today. For jewellery, the final invoice and future resale terms matter more than a historical chart alone.
• Compare today’s market benchmark
• Check the seller’s final quotation
• Confirm gold purity
• Check the weight
• Review the invoice
• Ask about making charges
• Ask about buyback deductions
• Confirm the dealer’s reputation
• Avoid large advance payments to unknown sellers
• Verify the item before payment
• Keep the invoice and purchase record
• Never assume past gains will continue
FAQs
What was the gold price in Pakistan in 2025?
The 24K gold rate ended 2025 at Rs 456,962 per tola according to contemporary APSGJA reporting. It started the year around Rs 273,600 per tola.
What was the highest gold price in Pakistan in 2026?
A historical benchmark recorded Rs 616,790 per 24K tola on February 6, 2026. Historical records can vary slightly by market and methodology.
What was the gold price in Pakistan on September 11, 2026?
The checked intraday 24K benchmark was Rs 448,853 per tola. The figure was still trading during the day, so the final closing rate could differ.
Why does the gold price change every day in Pakistan?
International gold prices and the USD/PKR exchange rate are major drivers. Local demand, market conditions, and dealer spreads can also affect the price.
Is 24K gold more expensive than 22K gold?
Yes, because 24K contains more pure gold. The exact difference depends on the day’s benchmark and the seller’s quotation.
Does gold price history include jewellery making charges?
Usually, historical bullion rates do not represent the complete jewellery bill. Making charges, wastage, stones, taxes, and dealer margins can be added separately.
Can historical gold prices predict future prices?
No. Historical data shows what happened during earlier periods, but it cannot guarantee future price movements. Current global markets, currency rates, and local conditions can change quickly.
Conclusion
Gold price history in Pakistan shows a strong long-term rise, but it also includes major corrections and short-term volatility. The 2026 record demonstrates why buyers should check the current rate instead of relying only on an old chart.
For any purchase, confirm the 24K or 22K rate, weight, purity, making charges, invoice, and final seller price on the same day. Use historical data for context, then verify the current market quote before paying.