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Updated 22 October 2026 · Source: All-Pakistan Sarafa Association
Gold Rate in Muzaffarabad Today
The gold rate in Muzaffarabad 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. Muzaffarabad, the capital of Azad Kashmir at the meeting of the Neelum and Jhelum rivers, is the gold market for Neelum, Hattian Bala and much of the northern AJK.
Muzaffarabad Gold Rate Today by Karat
Gold rate in Muzaffarabad 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. Muzaffarabad 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 Muzaffarabad by Masha, Gram and Tola
Muzaffarabad jewellers bill in grams, but older shops still quote rings and earrings in masha. 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 Muzaffarabad jeweller’s quote
Gold Markets in Muzaffarabad
Muzaffarabad was largely rebuilt after the 2005 earthquake, and its jewellers are concentrated in:
| Area | What you will find |
|---|---|
| Madina Market and the main city bazaars | Traditional jewellers, karat testing and repairs |
| Bank Road and newer commercial areas | Showrooms with ready-made designs |
| Bagh and Rawalakot bazaars | Local markets for southern AJK |
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.
Where Muzaffarabad’s Jewellers Get Their Gold
Most jewellers in Muzaffarabad buy bullion and ready-made stock from the wholesale markets of Rawalpindi and Islamabad. That supply chain explains how local prices are built:
| Part of the price | How it is set in Muzaffarabad |
|---|---|
| Gold rate | The national APGJSA Sarafa rate: Rs434,536 per tola for 24K today |
| Making charge | Set by each shop; ready-made pieces brought from Rawalpindi may carry the workshop’s charge plus the local shop’s margin |
| Design range | Smaller stock than Rawalpindi; special designs are often ordered and take longer |
| Buy-back | Local shops buy back at the day’s karat rate minus kat |
For a large order, ask for a written quote here and compare it with the gold rate in Rawalpindi and the making charges there.
Keep a Record of Your Family’s Gold
Families who lost homes in the 2005 earthquake learned how hard it is to prove what jewellery they owned. A simple record protects you against loss, theft or a family dispute:
| Record this | Example |
|---|---|
| Item and photo | 22K bangle set, photographed from two sides |
| Karat and hallmark | 22K, stamped 916 |
| Net gold weight | 3 tola (34.99 g) |
| Where and when bought | Shop name, date and receipt number |
| Value today | Rs1,194,974 at today’s 22K rate |
- Keep a copy of the list and photos away from home, such as with a relative or in cloud storage.
- Store valuable pieces in a bank locker, and update the list when you buy, sell or exchange gold.
Selling or Exchanging Gold in Muzaffarabad
When you sell jewellery in Muzaffarabad, 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 |
| 3 tola of 22K | Rs1,194,974 | − Rs149,372 | Rs1,045,602 |
| 1 tola 24K bar | Rs434,536 | Usually none | Rs434,536 |
Bring the original receipt if you have it; it supports the karat and speeds up valuation. More on the deduction: what is kat in gold.
Muzaffarabad 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 in Bagh, Rawalakot and Nearby Towns
Azad Kashmir and nearby Hazara towns follow the same Sarafa base rate:
| Town | District | 24K per tola | 22K per tola | 21K per tola |
|---|---|---|---|---|
| Hattian Bala | Jhelum Valley | Rs434,536 | Rs398,325 | Rs380,219 |
| Athmuqam | Neelum | Rs434,536 | Rs398,325 | Rs380,219 |
| Bagh | Bagh | Rs434,536 | Rs398,325 | Rs380,219 |
| Rawalakot | Poonch | Rs434,536 | Rs398,325 | Rs380,219 |
| Garhi Habibullah | Mansehra | Rs434,536 | Rs398,325 | Rs380,219 |
| Mansehra | Mansehra | Rs434,536 | Rs398,325 | Rs380,219 |
Before You Buy Gold in Muzaffarabad
- Compare the shop’s gold rate with today’s rate on this page.
- Check the hallmark and ask for the karat in writing.
- Ask for the making charge separately from the gold value.
- Photograph the piece and the receipt for your family record.
- Agree the kat for future exchange before paying.
- Keep all receipts safely.
Gold Rate in Muzaffarabad: Frequently Asked Questions
What is the gold rate in Muzaffarabad today?
24K gold is Rs434,536 per tola and Rs372,544 per 10 grams in Muzaffarabad today, based on the APGJSA rate of 21 October 2026.
What is the 22K gold rate in Muzaffarabad?
Rs398,325 per tola today, before making charges.
Is gold more expensive in Azad Kashmir than in Rawalpindi?
The gold rate is the same national Sarafa rate; only making charges and design choice differ.
How should I keep a record of my gold?
List each piece with a photo, karat, net weight, receipt and today’s value, and keep a copy away from home.
Is the gold rate in Bagh and Rawalakot the same as in Muzaffarabad?
Yes. They follow the same national Sarafa rate.
What is the silver rate in Muzaffarabad 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).