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Updated 22 October 2026 · Source: All-Pakistan Sarafa Association
Gold Rate in Swat Today
The gold rate in Swat today is Rs434,536 per tola for 24K and Rs372,544 per 10 grams, with 22K at Rs398,325 and 21K at Rs380,219 per tola. Mingora, Swat’s main city, is the gold market for the whole Swat valley, from Barikot to Bahrain and Kalam.
Swat Gold Rate Today by Karat
Gold rate in Swat today: Rs434,536 per tola for 24K gold, down Rs900 in the All-Pakistan Sarafa Gems and Jewellers Association (APGJSA) announcement of 21 October 2026. Swat jewellers price from this national Sarafa rate, so the base figure is the same as in Karachi or Lahore.
| Karat (hallmark) | Per tola | Per 10 grams | Per gram | Latest change |
|---|---|---|---|---|
| 24K (999) | Rs434,536 | Rs372,544 | Rs37,255 | ▼ Rs900 |
| 22K (916) | Rs398,325 | Rs341,499 | Rs34,150 | ▼ Rs825 |
| 21K (875) | Rs380,219 | Rs325,976 | Rs32,598 | ▼ Rs788 |
| 20K (833) | Rs362,113 | Rs310,453 | Rs31,046 | ▼ Rs750 |
| 18K (750) | Rs325,902 | Rs279,408 | Rs27,941 | ▼ Rs675 |
| 14K (585) | Rs253,479 | Rs217,317 | Rs21,732 | ▼ Rs525 |
Updated 22 October 2026. These are gold-only prices; a jeweller’s bill adds making charges on top.
Gold Price in Mingora by Masha, Gram and Tola
Jewellers in Mingora’s older bazaars still weigh small pieces in masha and ratti, while newer shops bill in grams. One tola equals 12 masha or 11.6638 grams.
| Weight | 24K | 22K | 21K | 18K |
|---|---|---|---|---|
| 1 masha | Rs36,211 | Rs33,194 | Rs31,685 | Rs27,158 |
| 1 gram | Rs37,255 | Rs34,150 | Rs32,598 | Rs27,941 |
| 3 masha | Rs108,634 | Rs99,581 | Rs95,055 | Rs81,476 |
| 5 grams | Rs186,275 | Rs170,752 | Rs162,991 | Rs139,707 |
| 6 masha (half tola) | Rs217,268 | Rs199,162 | Rs190,110 | Rs162,951 |
| 10 grams | Rs372,551 | Rs341,505 | Rs325,982 | Rs279,413 |
| 1 tola | Rs434,536 | Rs398,325 | Rs380,219 | Rs325,902 |
| 2 tola | Rs869,072 | Rs796,649 | Rs760,438 | Rs651,804 |
| 5 tola | Rs2,172,680 | Rs1,991,623 | Rs1,901,095 | Rs1,629,510 |
Work out a Swat jeweller’s quote
Gold Markets in Mingora and the Swat Valley
Mingora and the neighbouring town of Saidu Sharif, the district headquarters, form Swat’s commercial centre. Most of the valley’s jewellers are found in these areas:
| Area | What you will find |
|---|---|
| Mingora Main Bazaar | The largest concentration of jewellers in Swat, for wholesale gold, karat testing and hand-made Swati designs |
| Cheena Market, Mingora | A market popular with women shoppers, with jewellery alongside cloth and bridal items |
| Saidu Sharif | Smaller jewellers serving the district headquarters area |
| Khwazakhela and Matta bazaars | Local jewellers for upper Swat, though buyers often travel to Mingora for larger purchases |
Shop names and charges change over time, so visit at least two jewellers and ask for the gold rate and the making charge as separate figures.
Swat Emerald and Gold Jewellery: How It Is Priced
Swat is known worldwide for its emeralds, mined at Fizagat near Mingora, at Shamozai and at Charbagh. Small stones are sold in local markets, while larger ones go to dealers who export them to Dubai, Bangkok and Europe. Much of the jewellery made in Mingora sets these emeralds in 22K or 21K gold, which raises a pricing question buyers often miss: the gold and the stone must be valued separately.
| Part of a 4 g 22K emerald pendant | How it is priced | Example at today’s rate |
|---|---|---|
| Gold (stone weight removed: 3.6 g) | Net gold weight × 22K rate per gram | Rs122,942 |
| Making and setting (example 12%) | Percentage of the gold value or a fixed fee | Rs14,753 |
| Emerald (about 2 carats) | Per carat, by colour, clarity and cut | Quoted separately by the jeweller |
| Gold + making | Rs137,695 + stone |
Ask the jeweller to weigh the piece and to state the stone weight, so you are not paying the gold rate for the emerald. When you sell, most jewellers pay only for the gold unless the stone is certified.
Source on Swat’s emerald mines: TNN.
Traditional Swati Bridal Gold: What a Set Costs Today
In Swat, as across the Pashtun belt, a bride’s gold is usually bought in 22K and in heavier, hand-finished designs: wide bangles, a broad necklace, a forehead piece and long earrings. Here is what a common set weighs and costs at today’s 22K rate:
| Piece | Typical weight | Gold value (22K) | Making (example) | Estimated price |
|---|---|---|---|---|
| Pair of bangles (kara) | 2 tola | Rs796,649 | 10% | Rs876,314 |
| Necklace (haar) | 3 tola | Rs1,194,974 | 12% | Rs1,338,371 |
| Forehead piece (tikka / mathapatti) | 0.5 tola | Rs199,162 | 15% | Rs229,037 |
| Earrings (jhumka) | 0.75 tola | Rs298,744 | 15% | Rs343,555 |
| Ring | 0.33 tola | Rs131,447 | 10% | Rs144,592 |
| Full set | 6.58 tola | Rs2,931,869 |
Hand-made designs from Mingora workshops usually carry higher making charges than machine-made chains. Our gold making charges guide shows the normal ranges.
Selling or Exchanging Gold in Swat
When you sell jewellery in Swat, the jeweller values it at the day’s rate for its karat and then deducts kat, traditionally 1 ratti per masha (12.5%), for solder, alloy and wear. 24K bars from a recognised dealer are usually bought back without kat.
| You sell | Gold value today | Kat (12.5%) | Cash you receive |
|---|---|---|---|
| 1 tola of 22K | Rs398,325 | − Rs49,791 | Rs348,534 |
| 1 tola of 21K | Rs380,219 | − Rs47,527 | Rs332,692 |
| 4 tola of 22K | Rs1,593,299 | − Rs199,162 | Rs1,394,136 |
| 1 tola 24K bar | Rs434,536 | Usually none | Rs434,536 |
Families in Swat often exchange old jewellery for new designs; in an exchange, ask for the value of your old gold and the price of the new piece as two separate figures. More on the deduction: what is kat in gold.
Swat Gold Rate Trend: Recent Sarafa Rates
Over the last ten Sarafa announcements the 24K rate moved from Rs442,036 to Rs434,536 per tola (down Rs7,500). Each row is an official APGJSA rate, shown next to the world price that day.
| Date | 24K per tola | 22K per tola | Daily change | World gold ($/oz) |
|---|---|---|---|---|
| 21 Oct | Rs434,536 | Rs398,325 | ▼ Rs900 | $4,120 |
| 20 Oct | Rs435,436 | Rs399,150 | ▼ Rs3,600 | $4,129 |
| 19 Oct | Rs439,036 | Rs402,450 | No change | $4,165 |
| 17 Oct | Rs439,036 | Rs402,450 | ▼ Rs1,600 | $4,165 |
| 16 Oct | Rs440,636 | Rs403,916 | ▲ Rs2,800 | $4,181 |
| 15 Oct | Rs437,836 | Rs401,350 | No change | $4,153 |
| 14 Oct | Rs437,836 | Rs401,350 | ▼ Rs3,000 | $4,153 |
| 13 Oct | Rs440,836 | Rs404,100 | ▲ Rs900 | $4,183 |
| 12 Oct | Rs439,936 | Rs403,275 | ▼ Rs2,100 | $4,177 |
| 10 Oct | Rs442,036 | Rs405,200 | ▲ Rs1,100 | $4,195 |
For yearly figures back to 2000, see gold price history in Pakistan.
Gold Rate Today Near Swat: Nearby Towns
The same Sarafa base rate applies across Malakand Division, so these towns near Swat share today’s rate:
| Town | District | 24K per tola | 22K per tola | 21K per tola |
|---|---|---|---|---|
| Mingora / Saidu Sharif | Swat | Rs434,536 | Rs398,325 | Rs380,219 |
| Barikot | Swat | Rs434,536 | Rs398,325 | Rs380,219 |
| Matta | Swat | Rs434,536 | Rs398,325 | Rs380,219 |
| Khwazakhela | Swat | Rs434,536 | Rs398,325 | Rs380,219 |
| Bahrain and Kalam | Swat | Rs434,536 | Rs398,325 | Rs380,219 |
| Batkhela | Malakand | Rs434,536 | Rs398,325 | Rs380,219 |
| Chakdara | Lower Dir | Rs434,536 | Rs398,325 | Rs380,219 |
| Timergara | Lower Dir | Rs434,536 | Rs398,325 | Rs380,219 |
| Daggar | Buner | Rs434,536 | Rs398,325 | Rs380,219 |
| Alpuri | Shangla | Rs434,536 | Rs398,325 | Rs380,219 |
Before You Buy Gold in Swat
- Compare the shop’s 24K and 22K rate with today’s rate on this page.
- For stone-set pieces, ask for the net gold weight without the stone.
- Ask for the karat to be written on the receipt (916 for 22K, 875 for 21K).
- Get the making charge as a separate amount, not inside one total.
- Agree the kat that will apply if you later sell or exchange the piece.
- For large purchases, pay by bank transfer and keep the receipt.
Gold Rate in Swat: Frequently Asked Questions
What is the gold rate in Swat today?
24K gold is Rs434,536 per tola and Rs372,544 per 10 grams in Swat today, based on the APGJSA rate of 21 October 2026.
What is the 22K gold rate in Mingora?
Rs398,325 per tola today, before making charges.
Is gold cheaper in Swat than in Peshawar or Islamabad?
No. The gold rate is the same national Sarafa rate. Only making charges differ between shops and cities.
How is emerald jewellery priced in Swat?
The gold is charged by its net weight at the day’s karat rate, plus making; the emerald is priced separately per carat.
Is the gold rate in Batkhela and Chakdara the same as in Swat?
Yes. Towns across Malakand Division use the same Sarafa rate.
What is the silver rate in Swat today?
Silver is Rs6,207 per tola today.
Related Gold Rates and Tools
Rates are for information only and exclude making charges, kat and dealer premiums. Not investment advice. See our disclaimer and methodology. Official daily rate source: All-Pakistan Sarafa Gems and Jewellers Association rates (Business Recorder).